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Steven Walgenbach
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The Fed is preparing to cut rates again as the U.S. job market cools. Powell and several governors back easing, with markets pricing in a 25bps cut in October — and another likely by December. 📉🇺🇸
#FederalReserve
#interestrates
#Economy
#PowellRemarks
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Tether Reaches 500 Million Users, Marking a Milestone in Global Financial Inclusion Tether has surpassed 500 million users worldwide, in what CEO Paolo Ardoino called “the biggest financial inclusion achievement in history.” The stablecoin’s growth underscores how digital dollars like USDT are transforming access to finance, especially in countries with high inflation or limited banking infrastructure. To celebrate the milestone, Tether released a documentary highlighting adoption in Kenya — where citizens and small businesses rely on USDT not for speculation, but for survival. With a market cap of $182 billion and 58% of the global stablecoin market, Tether’s reach continues to expand as it reshapes how the world transacts and saves. #Tether #Stablecoin #FinancialInclusion
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Ethereum Foundation’s $654 Million ETH Transfer Sparks Debate The Ethereum Foundation has transferred 160,000 ETH, worth about $654 million, to a wallet that blockchain analytics firm Arkham Intelligence says has previously been used for selling Ether. The move drew widespread attention from the crypto community due to its potential market implications. Co-Executive Director Hsiao-Wei Wang clarified that the transfer was part of a scheduled wallet migration, not a liquidation event. However, the timing has reignited discussion about the Foundation’s transparency and governance — especially following Péter Szilágyi’s recent criticism of internal operations and compensation practices. As Ethereum undergoes restructuring and tighter financial management, the Foundation’s treasury moves remain under the microscope of on-chain analysts and investors alike. #Ethereum #Blockchain #CryptoNews $ETH
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Citi Initiates Coverage of Strategy With Buy/High Risk Rating and $485 Price Target Citi has initiated coverage of Strategy (MSTR) with a buy/high risk rating and a $485 price target, highlighting the company as one of the most leveraged ways to gain exposure to Bitcoin’s potential upside. The investment bank’s report projects Bitcoin could reach $181,000 within the next 12 months — representing a 63% increase from current levels — and says Strategy’s valuation reflects its historical 2.5x to 3.5x correlation with Bitcoin’s performance. The report portrays Strategy as more than a software firm, positioning it as a digital asset treasury pioneer under Executive Chairman Michael Saylor. Since pivoting to Bitcoin in 2020, Strategy has continued to expand its holdings through convertible debt and equity issuance, transforming itself into a corporate vehicle for long-term Bitcoin accumulation. In its latest filing, the company disclosed the purchase of another 168 BTC at an average price of $112,051, bringing total holdings to 640,418 BTC. Citi’s analysts believe this structure provides outsized returns in bull markets but note that the same leverage can lead to steep drawdowns if Bitcoin retreats. By linking traditional capital markets with the digital asset economy, Strategy continues to serve as a real-time case study of how Bitcoin exposure is reshaping corporate finance. #Bitcoin #Strategy #Crypto $BTC
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NBA and Dapper Labs Launch Next-Generation Top Shot Season The NBA, NBPA, and Dapper Labs have unveiled their most ambitious NBA Top Shot season yet — introducing autographed digital collectibles and immersive fan experiences that push the boundaries of how basketball is celebrated. This season will highlight rookies like Cooper Flagg and Yang Hansen, who debut digital autograph inscriptions and 1-of-1 signature Moments on the Flow blockchain. Each collectible features enhanced foils, textures, and interactive designs, blending artistry with blockchain innovation. Since its debut in 2020, NBA Top Shot has transformed sports fandom, allowing fans to own and trade verified digital highlights from unforgettable plays. With a renewed focus on authenticity, scarcity, and interactivity, the 2025–26 season marks a defining moment for the future of digital sports memorabilia. #NBA #NBATopShot #Blockchain
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Bitcoin Whales Move Billions to Wall Street Through BlackRock ETFs According to a Bloomberg report, some of the largest Bitcoin holders are moving billions in crypto wealth from private wallets into BlackRock’s Bitcoin ETF, using a new “in-kind” transaction mechanism that lets them convert Bitcoin directly into ETF shares without selling. This regulatory shift allows investors to bring their crypto exposure into the traditional financial system, where those assets can be borrowed against, pledged as collateral, or integrated into estate planning — all while maintaining exposure to Bitcoin’s price movements. BlackRock’s head of digital assets, Robbie Mitchnick, confirmed the firm has already processed over $3 billion worth of conversions. For many, the move represents a pragmatic embrace of traditional finance. Bitcoin’s early adopters, once fiercely anti-establishment, are now finding value in Wall Street’s infrastructure, stability, and service integration. Bitwise and Galaxy Digital have also joined the trend, processing their own ETF conversions as investor interest surges. As one industry executive put it, “Life is just easier in TradFi land.” What began as a decentralized revolution is now being absorbed by the institutions it set out to disrupt — and BlackRock is at the center of that transformation. #BlackRock #Bitcoin #ETF $BTC
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