Goldman Sachs reversed its previous forecast and now anticipates a 25-basis-point Federal Reserve rate hike on September 16, following hotter-than-expected August core inflation data. This shift aligns with rising market odds, which surged to over 86% for a hike next week. Meanwhile, Bitcoin's price briefly approached $80,000 but failed to sustain gains, reflecting market caution ahead of the Fed decision. The key focus is on the Fed's future rate path, as a single hike is unlikely to curb inflation, and further increases could impact risk assets like Bitcoin.
Twenty-one major financial institutions plan to launch a U.S. dollar stablecoin in the first half of 2027, aiming to enhance payment and settlement systems. While the GENIUS Act prohibits issuers from paying interest on these stablecoins, holders cou...
MetaMask is becoming an independent company, separating from Consensys to focus on its expanding consumer finance platform after surpassing 100 million downloads globally. The split allows Consensys to concentrate on institutional Ethereum infrastruc...
SWIFT announced a new blockchain-based payment system aiming for always-on, interoperable, and compliant cross-border transactions, supported by 17 early-adopter banks. This system records and settles tokenized bank deposits on a shared ledger, poten...
