Crypto News
Fed Holds Rates Steady, Cuts Growth Outlook, Raises Inflation Forecast
As expected, the U.S. Federal Reserve left its benchmark fed funds rate range steady at 4.25%-4.50% on Wednesday, the second consecutive pause since three straight rate cuts to end 2024.The Fed's quarterly economic projections showed a sharp decline in expectations for economic growth, with the GDP increase in 2025 now seen at just 1.7% versus 2.1% at the December projection. The growth outlook for 2026 and 2027 was trimmed as well."Uncertainty around the economic outlook has increased," the Fed said in an accompanying statement, which is likely a reference to the tariff regime being threatened by President Trump.Core PCE inflation, though, is now seen at 2.8% this year versus the previous 2.5% projection. The core inflation outlooks for 2026 and...
The Protocol: Meet Hoodi, Ethereum’s New Testnet
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, CoinDesk’s Ethereum Reporter.In this issue:Hello, Hoodi: Ethereum Welcomes a New TestnetMicrosoft Raises Alarm of Malware Targeting Coinbase, MetaMask WalletsHalliday Raises $20M for AI Protocol to Eliminate Writing Smart Contracts for DeFiSam Altman's World Network and Razer Want to Defeat Gaming's Bot ProblemThis article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.Network newsHELLO, HOODI: ETHEREUM WELCOMES A NEW TESTNET: Ethereum developers launched a new test network, Hoodi, this week that will be used to carry out the...
Bitcoin ETFs Rebound Amid Market Rally as $500M Reenter Funds
The funds, which track the price of the largest cryptocurrency by market value, have shed assets in recent weeks.Source link
XRP Price Analysis: Bulls Take Charge as XRP Hits $2.59 After SEC Decision
The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple today, fueling a sharp 14.4% surge in XRP’s price to $2.56, with a market capitalization of $149.35 billion and a 24-hour trading volume of $7.62 billion, while price action fluctuated between $2.23 and $2.592 intraday. At press time, XRP stands atSource link
Wallet Infrastructure Provider Privy Raises $15M to Develop Crypto Onboarding Rails
Privy, a provider of cryptocurrency wallet infrastructure, raised an estimated $15 million in a funding round led by Ribbit Capital.The company, which announced the funding on Wednesday, offers application programming interfaces (APIs) for developers to manage and integrate user data, allowing its customers to offer crypto services and other on-chain functions so that end users can buy, sell and hold cryptocurrency."Businesses that emerge from the early adoption of crypto rails will not only thrive but also redefine how value is created and exchanged globally," Privy said. "But this future hinges on one critical factor: making it easy for any developer to build seamless, secure experiences on crypto rails."The size of the round was not disclosed, though Privy said the investment...