Fedโs Daly: Rate Cuts Looming, More Than Two Cuts Likely This Year
San Francisco Federal Reserve President Daly indicated that the timing for interest rate cuts is approaching, citing growing evidence of a weakening labor market and a lack of persistent inflationary pressure from tariffs.
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Barry Silbert is back as Grayscale Chairman & an IPO is back on the table! ๐ Grayscale also added 4 finance vets (Bridgewater, Apollo, Goldman Sachs, Citadel) to key roles โ COO, CMO, CCO & more. Big moves to prep for going public & integrate with traditional finance. ๐
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Singapore-based social gaming platform STAN raised $8.5M led by Googleโs AI Futures Fund! ๐ฎ Investors include Aptos Labs, Bandai Namco, Square Enix & more. Funding will fuel expansion in the booming Indian social gaming market. ๐ฎ๐ณ #socialgaming #funding #India
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Crypto markets faced $182M in liquidations over the last 24hrs, per Coinglass. Long positions were hit hardest ($137M) vs. shorts ($45M). BTC liquidations: $37.66M, ETH: $54.46M. #crypto #liquidations #BTC #ETH
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๐ฎ New Web3 game alert! PEPE GAMES & REDBIT collab to launch REDBIT ROLL โ a customized game with a token burn feature. Earn platform points & airdrop rewards while you play! Based on the *Boys' Club* comic. Learn more: link
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Plasma Foundation joins the Blockchain Association to advocate for responsible blockchain innovation & engage in key policy discussions. This membership strengthens our commitment to shaping a positive regulatory landscape for the ecosystem! โ๏ธ๐๏ธ
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Mogo Inc. sold its 50% stake in WonderFi for ~$13.8M USD to boost its Bitcoin holdings. The move signals a strategic shift towards direct Bitcoin investment. Details on the Bitcoin acquisition coming soon. #Bitcoin #Mogo #WonderFi
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Trump threatens increased tariffs on India over its purchase of Russian oil & alleged resale for profit. He claims India buys โa lotโ & sells it on at a profit, vowing โsubstantially increased Tariffs.โ No specifics on tariff levels yet.
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Guangzhou Public Chain faces scrutiny after forensic reports in a gaming fraud case were altered (hashes changed). Changes claimed as minor, but lack of original hashes prevents verification. Integrity & transparency concerns raised. #blockchain #digitalforensics
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Big ETH whale covered 20k of their short position after facing losses amid market swings. They still hold 30k ETH short (~$110M). Initial short from yesterday went from a $12.25M profit to an $840k loss. Highlights risks of leveraged trading in crypto! #ETH #crypto
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