According to Brooks, the primary narrative is not today’s anticipated rate hike, but rather the additional policy tightening expected later this year. Warsh may therefore struggle to deliver a message that aligns with the aggressive pricing currently seen in the markets. “Tomorrow’s Fed meeting is a nightmare for Warsh. There’s no way he can live
Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act. The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after dropping as low as $75,038 at one point on Tuesday. Lawmakers blocked the landmark digital asset market structure bill in a
ECB invites euro-area merchants to test beta digital euro payments from late 2027. Merchants will assess checkout journeys, payment processes and customer experiences. Potential digital euro issuance in 2029 depends on EU legislation and ECB approval. The European Central Bank (ECB) has invited online and mobile merchants across the euro area to participate in its
Bitcoin is holding within a tight range since the weekend, after reclaiming the two cost-basis levels that defined resistance: the True Market Mean (TMM) at $79,200 and the Short-Term Holder cost basis (STHRP) at $79,500 with a new high reached of over $82,000 on 10 May. Spot flows suggest the projected buying pressure expected around
In CLARITY Act news, odds that the bill becomes law in 2026 collapsed to as low as 16% on Polymarket on Monday, before rising to 21% today but still down -44% over the past 24 hours. This follows key Senate Democrats saying Republicans’ latest “final” ethics offer had not swayed them. The bill needs 60
Crypto stocks were a sea of red Tuesday afternoon after the Senate failed to advance the Clarity Act, dealing a major blow to an industry that has spent years — and hundreds of millions of dollars in campaign contributions — gunning for a comprehensive U.S. regulatory framework. Coinbase COIN$172.05·Market Closed was down nearly 9% at $174.42, while
Artificial intelligence may turn out to be an unexpected driver of Bitcoin adoption, according to Nakamoto Holdings CEO and Chairman David Bailey. In a discussion hosted by investment bank TD Cowen, Bailey’s argument was that the friction getting people on board with Bitcoin has always been the interface — and not the asset. Wallets, addresses,
Senate Republicans reject Democrats’ CLARITY Act counteroffer as the 60-vote threshold remains uncertain before Tuesday’s Senate vote. Senate Republicans rejected Democrats’ latest CLARITY Act counteroffer before Tuesday’s 2:15 p.m. ET cloture vote. The bill must get 60 votes to pass, and its fate is still up in the air. Senate Republicans Reject Democrats’ Latest CLARITY
Bitcoin has rebounded from its late June lows, climbing back above $64,000 even as the Bitcoin treasury company Strategy, began monetising part of its Bitcoin holdings. At the same time, ETF inflows have slowly returned after June’s record outflows, helping the market absorb the additional supply surprisingly well. With Bitcoin now trading below the $64,500-$65,000
BTC USD fell below $77,000 early Tuesday, reversing Monday’s rally above $79,000, as traders watched the Senate’s scheduled procedural vote on the Digital Asset Market CLARITY Act and a renewed rise in oil prices. The vote matters because it determines whether the Senate can move forward on legislation intended to create a regulatory framework for
