🚀 This Pro-Crypto Candidate Could Lead The CFTC!
🎉 Powell Says NO CBDC!
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📰 Question of the Day
💎 Degens’ Den
💥 Best Alpha Posts of the Day
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
Just a quick update today as I find myself away but still didn't want to leave you in the dark.
Let's dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 News of the Day
Important Things Are Happening!
And they could define the market going forward. Some in the short-term, like the first two points, and some in the longer-term, like the rest.
Let's take a look!
Fed’s Powell Reiterates No Need to Hurry to Adjust Rates
Federal Reserve Chair Jerome Powell talked yesterday, and pointed out that there is no urgent need to adjust interest rates, signalling a steady approach to monetary policy. Steady is good, but not happening soon is something that will get some bears excited.
His comments suggest that the Fed will continue to monitor economic indicators closely before making any significant changes to the current rate environment.
Would Use Quantitative Easing Only When Rates Are At Zero
This is kind of bad as they are far from zero and they aren’t coming down any time soon, according to point number one! And the implementation of Quantitative Easing (QE) has been the source of hopium over the last few weeks.
Jerome Powell clarified that the Federal Reserve would only resort to QE if interest rates hit zero, indicating a strategy reserved for extreme economic conditions.
Fed Chair Powell Commits To Never Creating A Central Bank Digital Currency (CBDC)
Many will say that this is extremely good, as a CBDC would give the government too much control over people’s money—and more.
Federal Reserve Chair Jerome Powell has firmly stated that the U.S. will not develop a central bank digital currency (CBDC), highlighting potential privacy and security concerns.
Trump To Nominate Brian Quintenz As Chair Of The CFTC
President Donald Trump is considering nominating Brian Quintenz, currently at Andreessen Horowitz's a16z crypto division, to lead the CFTC permanently. Known for his regulatory expertise in crypto, Quintenz's potential appointment could signal a shift towards more crypto-friendly policies in the U.S. financial regulation landscape, although no official confirmation has been made yet.
Goldman Sachs Expands Crypto Investments
Goldman Sachs has significantly increased its exposure to crypto exchange-traded funds (ETFs), with its Ethereum ETF holdings surging by a whopping 2,000% to $476 million and Bitcoin ETF exposure surpassing $1.5 billion.
Bulls In It For The Long Run!
The bulls are bullish and they do not want to sell.
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
Crypto[dot]com Gains Regulatory Nod to Offer Crypto Services Across All EEA Member States
Swiss ProtonMail Developer Unveils Open-Source, Self-Custody Bitcoin Wallet for 100 Million Users
💭 Banter’s Take
Simple and to the point!
See you all tomorrow!