The first meeting of Kevin Warsh, the new fed Chairman. Powell has taken this stage for the past 8 years.
While the Fed is expected to keep rates the same, they might start signalling future decisions today.
With $OIL coming down and the war seemingly ended, that will help drive inflation back down over time.
But we have seen a recent spike due to the war and the question is how long the past few months of disruption still takes to absorb.
Regardless, the tone of the fed is what people will be mostly looking at as always. How much do they worry about inflation? Do they think the job market is strong? etc.
And last time this happened, the entire global market crashed.
Today, the BOJ announced a 25BPS rate hike to 1%, the highest level in 31 years.
Since 2024, the BOJ has now done 5 rate hikes, but this one was a bit different.
BOJ rate hike happened exactly when USD/JPY crossed above 160.
This is the zone where the BOJ intervenes to push the yen higher.
The rate hike will do a little bit of this, but the major intervention is still coming.
This is the exact thing that happened in July 2024.
BOJ did a rate hike, while USD/JPY was around 160.
What happened after was a complete disaster.
- US stock market lost $5 Trillion in 3 trading days. - Crypto market lost $700 Billion - Japanese stock market crashed 20% in 4 days - Gold and Silver wiped out over $1.2 Trillion - VIX spiked to 65, highest since Covid crash
This time, the BOJ hasn't started the intervention, but it could happen soon.
Combining that with the US-Iran peace deal and $SPCXB hype, the markets are looking primed for another major sell-off.
Alternative currencies have emerged from their stagnation and successfully broken their long downward trend. While they sometimes remain in a downtrend for extended periods, once they reverse direction and begin an upward trajectory, they tend to maintain this upward momentum. This has been the nature of the cryptocurrency market since its inception.
Bitcoin ($BTC) is currently above $65,000 and has gained +1.90% overnight 👀 Ethereum ($ETH) has climbed back above $1,700 with a strong rise of +2.50% 🚀
The problem the world will face with the development of artificial intelligence is the difficulty in distinguishing between real humans, robots, and AI.
This is where Worldcoin comes in. It aims to solve this problem through World ID, a digital identity that enables platforms to verify that a user is a real human and not a bot or AI, whether in conversations, meetings, or various digital services.
The project has already begun by establishing partnerships with major global companies to utilize this technology.
Morgan Stanley, which manages trillions of dollars in assets, continues to expand its services, reflecting growing institutional interest in the sector.
Most importantly, the addition of Solana to Bitcoin and Ethereum signals the potential for further expansion of alternative cryptocurrencies in the future.
Galaxy has reduced the minimum investment requirement from $25 million to just $5 million for Morgan Stanley clients, and account opening and processing times can be reduced by up to 75%. This makes accessing digital asset services easier and faster for investors and institutions.
🇺🇸The chances of the CLARITY Act becoming law by July 4 have taken a major hit.
Crypto journalist Eleanor Terrett says the timeline is now "logistically impossible" due to unresolved negotiations, bill reconciliation, and the need to secure 60 Senate votes before reaching both chambers of Congress. 🇺🇸
Regulatory clarity for crypto may be delayed, but momentum for the bill remains strong.
Will the CLARITY Act still pass before Congress' August recess? 👀