Crypto News
Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digitalSource link
The Fed’s Rate Cut Cushion Is Good News for Crypto
A key metric by which officials set rates shows the potential to cut rates by 175 basis points over the next nine months. If so, that’s likely to drive the prices of bitcoin and ethereum higher, says Scott Garliss.Source link
Trump Family Crypto Project Warns of ‘Scams and Fake Tokens’ as It Preps ‘World Liberty Financial’...
The Trump family DeFi platform, called "The DeFiant Ones" or "World Liberty Financial," is warning crypto users of potential scams.Source link
Binance Introduces Dogs (DOGS) on Multiple Platforms Including Earn and Margin
Binance expands its offerings by adding Dogs (DOGS) to Binance Simple Earn, Buy Crypto, Convert, and Margin platforms. (Read More)Source link
Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%
Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals IndianSource link