From a visual point of view, this meeting showed almost no hawkish signals, and the secondary inflation risks that the market was worried about before the meeting did not enter the FOMC's vision.
JinseFinanceBitcoin's hash rate hits a record 500 exahashes per second, drawing praise from Elon Musk. Yassine Elmandjra compares Bitcoin's processing power to astronomical scales. Musk's ongoing crypto interest includes considering Bitcoin use on Mars.
EdmundFrax Finance: Stablecoin hedging inflation, supporting a stable digital currency ecosystem.
Cheng YuanUSDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
BeincryptoFederal Reserve Governor Michelle Bowman said that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures.
OthersMarkets now expect the Fed could institute consecutive 0.75 percentage point rate hikes in November and December.
OthersThe transition from PoW to PoS will have a great impact on Ethereum, including: the reduction of ETH issuance (meaning that ETH becomes deflationary), Gas prices will not drop, and energy consumption will be reduced by 99%.
CointelegraphING expects a rate cut in June 2023 followed by further easing in the second half of the year.
Coindesk
Decentralized finance is a revolutionary movement with aims to cut intermediaries and the expensive taxes that comes with making transactions. ...
Bitcoinist