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Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.
The latest price moves in crypto markets in context for July 14, 2023.
The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.
Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
- 18:20Analyst: The Federal Reserve's dot plot forecast may return to June, and it would be a surprise hawkish move to cut interest rates once next yearOn December 19, Forexlive analyst Adam Button stated: The median interest rate forecast for 2025 in the Federal Reserve's September economic forecast summary is 3.4%, lower than the 4.1% predicted in June. This situation is likely to reverse in December, at least to some extent. The federal funds futures market expects the interest rate at the end of 2025 to be 3.84%, which is almost exactly preparing for two more rate cuts next year. One of them may take place at a meeting in March, and the second one could occur in July or September. If the median estimate of Fed's interest rates remains unchanged or rises to match market pricing, it would not be surprising either. If dot plots only show one further cut, that would be a hawkish surprise causing market volatility.
- 18:19Opinion: The Federal Reserve will not be as aggressive in cutting interest rates next year as previously expectedOn December 19, Marc Chandler, Chief Market Strategist at Bannockburn Global Forex, stated, "My personal feeling is that the Federal Reserve is expected to take aggressive interest rate cuts. However, the dot plot shows subsequent rate cuts are lower than anticipated in September. Powell will also reiterate his previous statement that economic growth is stronger than expected. Therefore, through the dot plot and his hints, I believe the conclusion drawn by the market is that the Federal Reserve will not cut rates as aggressively next year as they previously anticipated."
- 18:18Kelp DAO announces KERNEL token economics, 20% of the total tokens are used for airdropsOn December 19, the re-pledge project Kelp DAO announced the KERNEL token economics on platform X, with specific token distribution as follows:-55% for community rewards and airdrops: 20% for airdrops; 35% for future community rewards.-5% for ecosystem and partners.-20% for private sale.-20% for team and advisors.In addition, 20% of tokens are allocated to three airdrop seasons;-The first airdrop season: Airdrop accounts for 10% of total supply, snapshot date is December 31, 2024.-The second airdrop season: Airdrop accounts for 5%, time period from January 1, 2025 to April 30, 2025. -The remaining plan of the last five percent of the airdrops is yet to be determined.
