Crypto Market News Today, December 11: Decoding The Federal Reserve Results with Jerome Powell Hawkish Speech and What They Mean for Crypto
The latest FOMC of the Federal Reserve meeting put a clear spotlight on Jerome Powell hawkish tone, and it’s already shaping market sentiment across crypto assets. In the first few minutes of his remarks, Powell’s comments set the stage for…
Canadian analysts project increased XRP adoption in fintech sector
Canadian financial technology analysts have issued forecasts projecting expanded adoption of XRP in digital payment systems, according to reports circulating in cryptocurrency markets. Summary Canadian fintech researchers are forecasting wider adoption of XRP in digital payments. Analyst Skipper_xrp noted growing…
DTCC cleared to tokenize traditional securities on blockchain
Key Takeaways DTC has secured an SEC No-Action Letter enabling it to tokenize traditional, custodied assets within a regulated production environment. The new service will leverage distributed ledger technology for securities settlement and custody. Share this article The Depository Trust…
Crypto News Today: BTC Loops Back To $90k, ETH Retests $3.2k Support
Expectations within the crypto community were high when the news broke that the Fed (Federal Reserve) again cut interest rates by 25 bps, bringing the federal fund rate to its lowest level in more than three years, but today, the…
15 years for multibillion-dollar fraud
Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison in New York for the multibillion-dollar fraud that fueled the 2022 collapse of his crypto empire and contributed to broader turmoil across digital-asset markets. Summary Kwon received a…
Do Kwon sentenced to 15 years in prison tied to $40 billion Terra crypto collapse
Key Takeaways Do Kwon received a 15-year prison sentence for his role in the Luna and TerraUSD collapse. The implosion of the Terra ecosystem erased $40 billion in value and led to legal action across several countries. Share this article…
Will Solana Price Find Its Feet After FOMC? UAE’s Biggest Names Descend on Solana Breakpoint – Can SOL USD Crack $200 Again?
The Solana price has been hit hard with the ongoing volatility following yesterday’s FOMC meeting. SOL USD price is down -5% overnight, falling to $131. As of now, it is holding steady above $130, and the community hopes that the…
Crypto stumbles as Dow rockets to record high, triggering a big-ticket rotation out of tech
The crypto market slid on Thursday even as the Dow Jones Industrial Average soared to a fresh record, underscoring a sharp investor rotation out of tech and into economically sensitive stocks following the Federal Reserve’s latest interest-rate cut. Summary Crypto…
dYdX launches Solana spot trading with zero fees for US users
Key Takeaways dYdX has launched Solana spot trading with zero fees for US users. The new service allows US-based traders to trade any Solana asset on the platform. Share this article dYdX Labs, the team behind one of the world’s…
AfterDark ETF Solves Bitcoin’s Timezone Puzzle: Counter-Trade Americans To Unlock Hidden 222% Return Trend
Traders have long sought the optimal time to trade crypto, and at different points over the years, European, US, and Asian time zones have all had their turn, offering the best returns. However, a newly proposed ETF now offers Bitcoin…
