The US Department of the Treasury has published a notice of proposed rulemaking to implement the GENIUS Act, a legislative framework designed to regulate payment
Tag: Federal Reserve
Bitcoin Hits August Highs Amid Weaker US Jobs Data
Bitcoin and global risk assets surged on Monday after US nonfarm payrolls fell by 23,000 in July, prompting investors to reassess Federal Reserve policy expectations.
Preferred Stocks Recover Amid Bitcoin Stabilization and Market Volatility
Strategy’s STRC preferred stock rose 1.1% to $95.09, nearing its $100 par value, as Bitcoin stabilized above $60,000 and Michael Saylor emphasized protecting its 12%
Blockchain Association Seeks Supreme Court Review Over Fed’s Denial of Custodia Bank Access
The Blockchain Association has filed an amicus brief with the US Supreme Court, supporting Custodia Bank’s challenge to the Federal Reserve’s decision to deny it
Bitcoin Price Falls Despite US Inflation Data Matching Expectations
Bitcoin prices declined below $63,500 after the U.S. Consumer Price Index (CPI) inflation data matched expectations, while Fed rate hike odds cooled further as attention
July U.S. CPI Data Shapes Bitcoin Options Trading
The July consumer price index (CPI) data release, expected to shape market sentiment and financial markets’ reactions, has sparked increased activity in derivative contracts for
Bitcoin Hits New August High as US Inflation Reports Near
The Japanese yen remained close to the key 160 level against the US dollar, according to recent market indicators. Bitcoin closed at new monthly highs
Bitcoin Surges Above $65,000 as US Nonfarm Payrolls Data Aids Risk Assets
The cryptocurrency market saw a significant rally above $65,000 following weaker-than-expected nonfarm payrolls data released by the Bureau of Labor Statistics (BLS). The drop in
Joint Yen Intervention Signals Shift in Monetary Policy
The United States and Japan have undertaken a coordinated intervention in the foreign exchange market for the first time in twenty-eight years, aiming to curb
Japan and U.S. Joint Yen Intervention May Influence Bitcoin and Risk Assets
Japan and the U.S. conducted a rare joint intervention to prop up the yen, which had fallen to 40-year lows of 164 per dollar, marking
