Bitcoin sees first major weekly price decline since Trump’s election win
Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17. Go to Source
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Metallicus acquires fintech operator connected to 70 credit unions
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions. Go to Source
Trump’s BTC reserve plan would be a ‘bad deal,‘ — ex-NY Fed president
Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump’s crypto supporters. Go to Source
US jobs data points to likely rate cut in December — Grayscale
Interest rate cuts, increases in the M2 money supply, structural deficits, and geopolitical tensions typically drive Bitcoin’s price higher. Go to Source
House lawmakers propose studies on AI in financial services, housing
AI is already impacting mortgage lending and how credit scoring is calculated, US Representative Maxine Waters said as she introduced a new bill in Congress. Go to Source
US interest rate cut in December rises to 74.5% probability: Fedwatch
CME FedWatch shows the market is expecting the Federal Reserve to cut rates by 25 basis points this month, which would be the third cut this year. Go to Source
How the US Fed thinks a Bitcoin ban could preserve deficit spending
A ban on Bitcoin? Even the suggestion as part of a thought experiment is bound to chafe the crypto community. Go to Source
Election Looms, But the Fed’s Rate Decision Could Steal the Spotlight
As America’s 2024 election approaches, the U.S. Federal Reserve’s Federal Open Market Committee will make a pivotal decision on the benchmark interest rate just two days later. A Quarter-Point Rate Cut? Fedwatch and Bettors Reveal the Odds Aside from the suspense of who will claim victory as the next U.S. president—a verdict that might not … Read more
Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing its role as a critical hedge against market volatility … Read more
Stanley Druckenmiller’s ‘Big Short’ Move: Betting on Future Disaster
Duquesne Family Office’s Stanley Druckenmiller has revealed his latest move in the U.S. bond market. The billionaire investor who won millions in the past for Duquesne Capital does not believe that inflation will keep cooling down, and is consequently betting that a bond bust will eventually happen. Stanley Druckenmiller Makes a Short Bet Against Current … Read more
