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The U.S. Federal Reserve has recently made headlines by disbanding its specialist group that was tasked with overseeing crypto issues. This decision marks a transformative moment in the realm of digital asset regulation in the United States. Most importantly, this move signifies the closure of the “novel activities” supervision program which had monitored interactions between traditional banks and emerging crypto technologies over the past two years. Because the Fed now integrates crypto oversight into its standard regulatory framework, this change reflects the central bank’s growing confidence in its understanding of digital asset risks and opportunities #CreatorPad
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"The meeting—which Trump had billed as “high stakes”—ended earlier than expected and on a deflated note for the U.S., with no concrete steps reached toward a ceasefire, and Trump cutting their joint press conference short. The two said they would meet again, possibly in Moscow.” #MarketTurbulence
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US PPI jumped 3.3% Y/Y in July, beating forecasts of 2.5% & hitting a Feb high. Monthly PPI rose 0.9%, the biggest jump since June '22. Signals potential inflation & could influence Fed policy. #MarketGreedRising
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$ETH The mysterious Ethereum whale collective known as “7 Siblings” has offloaded $88.2 million worth of Ether over the past 15 hours. Holding about 1.21 million Ether ETH $4,725 , valued at $5.6 billion, the group sold 19,461 ETH at an average price of $4,532, blockchain #ETHRally
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$ETH has played catch-up to Bitcoin and is close to making a new all-time high. #ETHRally
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