China

Trump’s Fed pick Kevin Warsh could shock markets with 100 bps in rate cuts this year, economist says

Economist David Rosenberg suggests that Kevin Warsh, a potential Federal Reserve nominee by Donald Trump, could implement significant monetary policy changes, including a possible 100 basis points cut in interest rates this year. Warsh, known for his unconventional views, may prioritize aggressive rate cuts to stimulate the economy. This move could surprise financial markets, which are currently not anticipating such drastic measures. Analysts are closely watching Warsh's potential influence on the Fed's direction amid ongoing economic challenges.

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Bitcoin Pushes Past $71K, But Can the Rally Last?

Bitcoin has surged past $71,000, reaching its highest level since the 2021 bull market. Analysts attribute this rally to increased institutional interest and positive market sentiment surrounding potential regulatory clarity. However, concerns remain about the sustainability of this price increase, with some experts warning of potential corrections. Market volatility

Kraken Secures Access to Fed’s Core Payment Systems: WSJ

Kraken has gained access to the Federal Reserve's core payment systems, marking a significant development for the cryptocurrency exchange. This access allows Kraken to facilitate faster and more efficient transactions for its customers. The move is seen as a step towards greater integration of cryptocurrency services within traditional

Ex-Binance communications lead joins stablecoin specialist KAST

The former communications lead of Binance has joined KAST, a company specializing in stablecoins. This move is seen as a strategic enhancement for KAST as it aims to strengthen its market presence. The addition of experienced talent from a major player like Binance could help KAST navigate the competitive landscape

Morning Minute: CFTC Chair Says U.S. Perpetual Futures Are Coming

CFTC Chair Rostin Behnam announced that the U.S. is set to introduce perpetual futures contracts for cryptocurrencies, a move expected to enhance market stability and transparency. This development follows the increasing demand for innovative trading products in the crypto space. Behnam emphasized the importance of regulatory frameworks to support

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Bitcoin Pushes Past $71K, But Can the Rally Last?

Kraken Secures Access to Fed’s Core Payment Systems: WSJ

Ex-Binance communications lead joins stablecoin specialist KAST

Morning Minute: CFTC Chair Says U.S. Perpetual Futures Are Coming