Fed Rate Cuts Could Slash Millions in Stablecoin Issuer Income

How the Fed’s Rate Cuts Could Slash Millions in Stablecoin Issuer Income Federal Reserve rate cuts may reduce stablecoin issuer income by $625 million per 50 bps cut. Stablecoin providers heavily rely on U.S. Treasurys to earn returns on their reserves. Lower interest rates could push issuers toward riskier assets for higher returns. The Federal […]

Key Bitcoin Price Levels as Cryptocurrency Slips After Strong Rally

Bitcoin Price Levels to Watch as Cryptocurrency Retreats After a Strong Month Bitcoin (BTC) slips Monday after a strong September, but key price levels suggest potential gains. Watch for resistance at $68,500, $72,000, and $97,000, while keeping an eye on $60,600 as support. Bitcoin recently reclaimed its 200-day moving average, signaling possible bullish momentum. Bitcoin […]

Bitwise Files for First Spot XRP ETF Amid SEC Appeal Concerns

Bitwise Files for First Spot XRP Exchange-Traded Fund (ETF) Bitwise files with the SEC for the first-ever spot XRP ETF. Approval of the ETF may depend on the outcome of the SEC’s appeal on the XRP security classification. Ripple Labs’ XRP could face further legal scrutiny if deemed a security, impacting the ETF. On Wednesday, […]

XRP Falls as SEC Appeals Ruling on Token’s Security Status

XRP Falls as SEC Appeals Ruling on Token’s Security Status SEC appeals federal court ruling stating XRP is not a security when sold to retail investors. XRP price dropped up to 11% following the SEC’s decision, later recovering some losses. The appeal may hinder Bitwise’s filing for a spot XRP ETF. XRP, the digital asset […]