Crypto News
Robinhood Beats Q2 Expectations Despite Sagging Crypto Revenue
Crypto trading revenue fell sequentially to $160 million from $252 million.Source link
Powell Holds Rates, But Two Colleagues Dissent
The central bank published its official interest rate decision on Wednesday afternoon after a two-day meeting to deliberate U.S. monetary policy. Split at the Fed: Powell Holds, Colleagues Push Back The U.S. Federal Reserve has decided to hold rates at the 4.25-4.50% level, according to the central bank’s official statement published on Wednesday afternoon. ButSource link
Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks
Did U.S. Federal Reserve Chairman Jerome Powell just threaten to hike rates?At his post-meeting press conference following the Fed's Wednesday decision to hold interest rates steady, Powell continued to insist that the president's tariff policy risks igniting inflation."Increased tariffs are pushing up prices," said Powell. "Near-term measures of inflation expectations have moved up.""You could say," Powell continued, "the Fed is looking through inflation by not hiking ."Markets didn't take kindly to the remarks, with the price of bitcoin (BTC) quickly tumbling nearly 2% to $115,800 and major U.S. stock indices moving from roughly 0.5% advances to 0.5% losses.The carnage in altcoins was worse, with ether (ETH), solana (SOL) and XRP (XRP) each slipping nearly 4%.The Fed earlier held its fed...
Polygon Foundation Links Network Outage to ‘Validator Exit’
A node issue disrupted the network for 11 hours in 2022.Source link
DOGE Defies Q3 Curse With 52% Surge—Is $0.46 Next?
Analysts have varying projections for dogecoin (DOGE), with some expecting it to reach $0.26 by the end of August, a 16.6% increase, while others foresee a potential surge to $1.09 if it follows past breakout patterns. Expert Caution Amid Bullish Projections Some analysts project that dogecoin (DOGE) could reach $0.26 by the end of August,Source link