🇺🇸🗣 Key Takeaways from Jerome Powell’s FOMC Meeting:
▫️ US Economic Strength: Powell emphasized the economy's resilience as the basis for current Fed actions.
▫️ Inflation Decline: Inflation has eased but is not yet at the 2% target; the Fed remains confident it will continue to decrease.
▫️ Stable Labor Market: The labor market, typically inflationary, is not currently adding inflationary pressure, with high employment levels not driving price increases.
▫️ Core Inflation Still High: Core inflation (excluding energy and food) remains elevated, necessitating the Fed’s restrictive monetary stance.
▫️ Election Impact: Upcoming elections will not affect the Fed’s short-term policy, which is focused on economic data over politics.
▫️ Uncertain Long-Term Forecasts: Powell stressed the uncertainty in long-term projections, with potential changes due to external factors.
@CryptoWorldNews
📈🤔 #ETH IntoTheBlock: High fees on Ethereum previously held back derivatives' growth, but with the popularity of Layer-2s, costs have dropped significantly.
This shift has fueled a surge in derivatives protocols, driving impressive growth in the space since the start of the year.
@CryptoWorldNews
🔎📊 Top altcoins with the highest correlation with #BTC over the last 30 days
When we analyze the 10 sub-coins in the correlation matrix, we see that #DOGE has a very high positive correlation with Bitcoin at 0.92. As Bitcoin rises, so does DOGE.
@CryptoWorldNews
🔎📊 Top altcoins with the highest correlation with #BTC over the last 30 days
When we analyze the 10 sub-coins in the correlation matrix, we see that #DOGE has a very high positive correlation with Bitcoin at 0.92. As Bitcoin rises, so does DOGE.
@CryptoWorldNews
🇺🇸👀 #macro Fed:
- Inflation is approaching the target of 2%;
- Labor market conditions have improved;
- Economic activity continues to grow at a strong pace, but prospects have not yet been determined.
@CryptoWorldNews
🤖👀 #AI #ASI ASI Alliance introduced "ASI: Create" is an AI launch pad that aims to make it easier to fund, create, deploy and monetize AI agents.
@CryptoWorldNews
🔝 Top assets in the accumulation zone #SAFE #AIOZ #NOS
Accumulation phase is signalled the assets's performance and key metrics in this phase, trading volumes are significantly higher than usual
@CryptoWorldNews
🇺🇸🍿The Federal Reserve's rate meeting (FOMC) is coming up in less than half an hour.
@CryptoWorldNews
📈🥳 #SUI is the fastest growing high-performance blockchain, surpassing #SOL in DEX volume, increasing its lead to $7.5 billion, and has more DEX volume than #TON, #NEAR and #APT combined.
@CryptoWorldNews
💰🚀 #POND Crypto-AI startup Pond has raised $7.5 million in seed funding. theblock
@CryptoWorldNews
💰🚀 #POND Crypto-AI startup Pond has raised $7.5 million in seed funding. theblock
@CryptoWorldNews
🇺🇸🤨 Donald Trump is likely to allow Fed chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, adviser says. cnn #macro
@CryptoWorldNews
🙅♂️⛏️ Michael Novogratz's Galaxy looks to #AI computing as #BTC mining revenue falls. coindesk
Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers.
@CryptoWorldNews
🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +6,837 BTC (+$518.58M) 🟢
Fidelity inflows 4,064 BTC ($308.21M) and currently holds 187,677 BTC ($14.23B);
#ETH-ETFs:
NetFlow: +10,755 ETH (+$30.5M) 🟢
Fidelity inflows 10,000 ETH ($28.36M) and currently holds 172,000 ETH ($487.79M).
@CryptoWorldNews
🇺🇸🗣 Key Takeaways from Jerome Powell’s FOMC Meeting:
▫️ US Economic Strength: Powell emphasized the economy's resilience as the basis for current Fed actions.
▫️ Inflation Decline: Inflation has eased but is not yet at the 2% target; the Fed remains confident it will continue to decrease.
▫️ Stable Labor Market: The labor market, typically inflationary, is not currently adding inflationary pressure, with high employment levels not driving price increases.
▫️ Core Inflation Still High: Core inflation (excluding energy and food) remains elevated, necessitating the Fed’s restrictive monetary stance.
▫️ Election Impact: Upcoming elections will not affect the Fed’s short-term policy, which is focused on economic data over politics.
▫️ Uncertain Long-Term Forecasts: Powell stressed the uncertainty in long-term projections, with potential changes due to external factors.
@CryptoWorldNews
📈🤔 #ETH IntoTheBlock: High fees on Ethereum previously held back derivatives' growth, but with the popularity of Layer-2s, costs have dropped significantly.
This shift has fueled a surge in derivatives protocols, driving impressive growth in the space since the start of the year.
@CryptoWorldNews
🇺🇸👀 #macro Fed:
- Inflation is approaching the target of 2%;
- Labor market conditions have improved;
- Economic activity continues to grow at a strong pace, but prospects have not yet been determined.
@CryptoWorldNews
🔥👀 #AI #ASI ASI Alliance introduced "ASI: Create" is an AI launch pad that aims to make it easier to fund, create, deploy and monetize AI agents.
@CryptoWorldNews
🔝 Top assets in the accumulation zone #SAFE #AIOZ #NOS
Accumulation phase is signalled the assets's performance and key metrics in this phase, trading volumes are significantly higher than usual
@CryptoWorldNews
🇺🇸🍿The Federal Reserve's rate meeting (FOMC) is coming up in less than half an hour.
@CryptoWorldNews
📈🥳 #SUI is the fastest growing high-performance blockchain, surpassing #SOL in DEX volume, increasing its lead to $7.5 billion, and has more DEX volume than #TON, #NEAR and #APT combined.
@CryptoWorldNews
🇺🇸🤨 Donald Trump is likely to allow Fed chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, adviser says. cnn #macro
@CryptoWorldNews
📊⛏️ #BTC mining difficulty has surged to 100 trillion times higher than when Satoshi was the lone miner in 2009.
Meanwhile, the total Bitcoin supply on exchanges has plummeted to an all-time low of 2.6M (13% of supply).
@CryptoWorldNews
📊⛏️ #BTC mining difficulty has surged to 100 trillion times higher than when Satoshi was the lone miner in 2009.
Meanwhile, the total Bitcoin supply on exchanges has plummeted to an all-time low of 2.6M (13% of supply).
@CryptoWorldNews
🙅♂️⛏️ Michael Novogratz's Galaxy looks to #AI computing as #BTC mining revenue falls. coindesk
Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers.
@CryptoWorldNews
👨💻 Top coins by notable development activity the past 30 days #ICP #LINK #HBAR
@CryptoWorldNews