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As expected, the U.S. Federal Reserve has kept its benchmark fed funds range rate steady at 4.25%-4.50%, the first pause since the central bank began easing policy last September.The accompanying policy statement noted that the unemployment rate had stabilized at a "low level" and inflation remained "somewhat elevated." The wording
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Howard Lutnick, who is President Donald Trump's nominee to be secretary of Commerce, is drawing scrutiny on his relationship with Tether from Senator Elizabeth Warren — the ranking Democrat on the Senate Banking Committee and one of Congress' most reliable critics of the digital asset sector.As CEO of Cantor Fitzgerald,
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Price outlookOur analysis for 2025 forecasts bitcoin reaching a target of $150,000 in the first half of the year. However, an initial pullback may occur in Q1 if the newly inaugurated Trump administration fails to introduce the anticipated “Strategic Bitcoin Reserve” at the pace expected by the fast-moving crypto market.Even
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The year is 2025. It’s more than 16 years since the Bitcoin whitepaper was published and 10 years since the launch of Ethereum, and the programmable smart contract layer that came with it. With billions of dollars invested in the industry, and tens of thousands of developers contributing thousands of
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Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).To say that MicroStrategy (MSTR) has been at the lead of creatively raising capital with which to buy massive amounts of bitcoin (BTC) would be an understatement. Led by Executive Chairman Michael Saylor, the company this week opened a
Read MoreWeb3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods can be listed and traded seamlessly.In the early days of the internet, information was siloed within proprietary networks. Over
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3686.16, down 0.8% (-30.23) since 4 p.m. ET on Tuesday.Four of 20 assets are trading higher.Leaders: UNI (+5.1%) and NEAR (+0.5%).Laggards: ICP (-3.2%) and BCH
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Digital asset exchange Crypto.com said it will suspend certain token services deemed to be unauthorized in terms of the European Union's Markets in Crypto Assets legislation (MiCA) in a statement to its clients on Tuesday.The statement said that from Jan. 31, it will no longer offer certain services from stablecoins,
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The U.S. M2 money supply increased in December to $21.5 trillion, just shy of its all-time high. The M2 money supply measures the total amount of money in circulation within an economy, including both liquid and less liquid assets. Meanwhile, the CPI index tracks the average price change of goods
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Dogecoin (DOGE), the largest memecoin by market cap, dropped below a short-term uptrend line on Monday, signaling an end to the recovery from December lows and potentially the conclusion of a five-month rally.Since then, prices have dropped below the 38.2% Fibonacci retracement level of the run that started in August
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