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Following a fast 20% rally beginning in mid-June mostly thanks to excitement surrounding BlackRock’s filing for a spot Bitcoin ETF, the price of BTC has stalled during July – at least in part due to the realization that the Fed would indeed begin lifting interest rates again. After trading as
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"Our partnership with CoinFund creates such a foundational piece of infrastructure to crypto-asset markets," Alan Campbell, president of CryptoX Indices, said in the press release. "Drawing on our experience managing the longest-running and largest benchmarked crypto indices globally, we're excited to launch CESR, a building block for crypto-based finance." Source
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The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated to bring inflation down to the target
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