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As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K

The largest cryptocurrency by market capitalization was recently trading at about $19,350, up about 5% over the past 24 hours. BTC dipped below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following the Fed's 75 basis point increase, but crypto investors started to return in Thursday's early

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Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; ‘Reverse Currency Wars’ Gain Steam

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Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, Says JPMorgan

The bank said that a key risk for Coinbase realizing its interest income is the possibility of reduced holding of USDC and fiat currency with the exchange. “We see the potential for institutional investors to hold less USDC given the opportunity cost of holding quasi-cash that doesn’t offer a yield.

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