Prediction market traders place bets on Telegram CEO’s release from jail and spread of mpox. Source
Did RFK Jr. Really 'Drop Out'? Polymarket Bettors Argue Over Contract Resolution
Category: ICO
The Fed’s Rate Cut Cushion Is Good News for Crypto
The red line is the difference in the spread we discussed above. Notice to the far right, in June 2022, the real rate of interest was -8.3%. In other words, policy was so weak, it had no effect on prices. At the time, the effective fed funds rate was close to zero while inflation growth peaked at 9.1%. So, shortly thereafter, the Fed started a series of aggressive rate hikes to get price growth back under control. Source
Bitcoin (BTC) Price Consolidates at $64K Before Next Push Higher
Bitcoin (BTC) traded near $64,000 early Monday, briefly hitting $65,000 over the weekend boosted by Federal Reserve Chair Jerome Powell’s dovish remarks at the Jackson Hole symposium. On Friday, Powell signaled that an interest rate cut might be coming in September. Solana (SOL) showed relative strength among crypto majors, up 3% over the past 24 hours, shrugging off diminishing odds of a SOL-based spot ETF in the U.S. The broad-market benchmark CoinDesk 20 advanced 0.6% during the same period. The recovery of crypto prices was supported by a strong stablecoin…
India’s CBDC Has 5M Users, Can be Phased in Gradually: RBI Governor Shaktikanta Das
“Actual introduction of CBDC can be phased in gradually,” Das said. “It is important to emphasize that there should not be in any rush to roll out system-wide CBDC before one acquires a comprehensive understanding of its impact on users, on monetary policy, on the financial system and on the economy.” Source
Bitcoin ETFs Log $250M Net Inflows, Highest Since July, After Rate Cut Signal at Jackson Hole
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Bitcoin (BTC) Price Under $64K, AI Tokens Lead Market Ahead of Nvidia Earnings
Major tokens jumped through Saturday, but registered slight losses in the past 24 hours. Ether (ETH) traded just over $2,700, while Solana’s SOL and xrp (XRP) were changing hands at $158 and 58 cents, respectively. Meanwhile, while Tron’s TRX jumped 3% as an ongoing memecoin frenzy continues to add demand for the token. Source
Hong Kong Regulator Finds 'Unsatisfactory Practices' at Some Crypto Entities Seeking Full License: Report
Hong Kong’s Securities and Futures Commission (SFC) has found “unsatisfactory practices” at “some” of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people familiar with the situation. Source
Telegram Says it is Compliant With EU Digital Services Act After Founder Pavel Durov’s Arrest
“The media coverage of Meta’s moderation efforts has been particularly negative for most of its history. Interestingly enough, Meta was also the first social media company to have reached a trillion-dollar-plus valuation,” he continued. “Telegram will likely have to go through similar growth stages before it surpasses legacy platforms.” Source
Telegram CEO Pavel Durov Arrested in France, Toncoin (TON) Prices Plunge 14%
The warrant for his arrest stems from a criminal complaint by OFIM, an office of the French national police formed in November 2023, which considers Durov complicit because of Telegram’s lack of moderation, in drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram’s lack of moderation and cooperation with law enforcement, according to French network TF1. Source
Crypto Friendly RFK Jr. Drops White House Hunt, Will Lend Kennedy Name to Trump
Robert Kennedy Jr. has suspended his independent pursuit of the U.S. presidency and encouraged his supporters to instead back former President Donald Trump in battleground states, putting the weight of the Kennedy name behind the GOP candidate. Source