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A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
- 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.
