#FOMCMeeting What does “FOMC” stand for? The Federal Open Market Committee, or FOMC, is the Fed’s chief body for monetary policy.
Its voting membership combines the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four other Reserve Bank presidents, who serve one-year terms on a rotating basis with the other Reserve Bank presidents.
All Reserve Bank presidents attend FOMC meetings, even when they are not designated voting members. By tradition, the Chair of the FOMC is also the Chair of the Board of Governors.
#FOMCMeeting What does “FOMC” stand for? The Federal Open Market Committee, or FOMC, is the Fed’s chief body for monetary policy.
Its voting membership combines the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four other Reserve Bank presidents, who serve one-year terms on a rotating basis with the other Reserve Bank presidents.
All Reserve Bank presidents attend FOMC meetings, even when they are not designated voting members. By tradition, the Chair of the FOMC is also the Chair of the Board of Governors.
#USStablecoinBill Tether, the world's largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year.
CEO Paolo Ardoino's recent charm offensive in Washington has put a spotlight on Tether amid the pro-crypto shift under President Trump.In 2021, Tether settled with the New York attorney general for $18.5 million over allegations it lied about its reserves
#AirdropStepByStep A crypto airdrop is when free coins or tokens are distributed within a blockchain project to popularize a new project within the community. Airdrops are now central to the expanding DeFi ecosystem and the NFT space.
#StablecoinPayments Stablecoins offer lower fees, more payment provider competition, and wider accessibility.
Because stablecoins reduce the cost of transactions to nearly zero, they can free businesses from the friction of existing alternatives. Adoption will start with the businesses that are most harmed by the current payment options, a process that would disrupt the payments industry.
#Trump100Days According to Gallup, Trump is the only post-World War Two president to have less than half the public's support after 100 days in office, with an approval rating of 44%.
But the majority of Republican voters still firmly back the president. And the rival Democratic Party is also struggling in polling.
#AbuDhabiStablecoin Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank of the United Arab Emirates and backed by the dirham, a move that could speed the Persian Gulf nation’s efforts to adopt digital currencies and facilitate payments.
#TrumpTaxCuts House Republicans are sprinting to wrap up President Donald Trump’s tax bill by Memorial Day. It’ll be an uphill effort.
Treasury Secretary Scott Bessent will reconvene his “Big Six” meetings on the GOP tax bill this week with House Speaker Mike Johnson (R-La.), Senate Majority Leader John Thune (R-S.D.) and Congress’s tax chiefs.
Meanwhile, GOP leaders are expected to huddle on Wednesday with a hardcore contingent of Republicans who have threatened to throw a wrench into the legislation without an expansion of the state and local tax deduction.
#XRPETF Prominent asset manager Hashdex has launched the XRP spot exchange-traded fund (ETF) on Brazil’s B3, the country’s largest stock exchange and the largest in Latin America.
The funds, which debuted on April 25, would provide investors with alternative exposure to the XRPL native token.
#TariffsPause The major exceptions to the new reciprocal tariffs are the section 232 “national security” tariffs of 25% on imports of steel and aluminum products, as well as passenger vehicles, light trucks and auto parts, for which the 25% tariffs go into effect no later than May 3.
All non-USMCA qualifying imports from Canda and Mexico are also exempt from the reciprocal tariffs given that a 25% IEEPA tariff has been in place since March 4 on products from those two countries.
#EthereumFuture As the second-largest cryptocurrency by market capitalization, Ethereum has established itself as a powerhouse of innovation and utility within the blockchain space.
With the transition to Ethereum 2.0 and the ongoing developments in decentralized finance (DeFi) and non-fungible tokens (NFTs), the future of Ethereum holds immense potential
#MarketRebound The S&P 500 rose 2.5% — notching its best day since April 9 — after a series of reports nurtured Wall Street expectations that tariff-related hostilities are easing as the US makes progress in fleshing out agreements.
#SaylorBTCPurchase Michael Saylor's Strategy (NASDAQ:MSTR) is back in accumulation mode.
The company added 6,556 Bitcoin from April 1420, spending $555.8 million at an average price of $84,785. That brings its total stash to 538,200 Bitcoinworth north of $45 billion at current pricesand locks in $36.5 billion in total cost basis.
#USChinaTensions The Ronald Reagan administration issues the “Six Assurances” to Taiwan, including pledges that it will honor the Taiwan Relations Act, it would not mediate between Taiwan and China, and it had no set date to terminate arms sales to Taiwan.
The Reagan administration then signs in August 1982 a third joint communiqué with the People’s Republic of China to normalize relations. It reaffirms the U.S. commitment to its One-China policy. Though President Reagan voices support for stronger ties with Taiwan during his presidential campaign, his administration works to improve Beijing-Washington relations at the height of U.S. concerns over Soviet expansionism.
Reagan visits China in April 1984 and in June, the U.S. government permits Beijing to make purchases of U.S. military equipment.
#TRXETF Justin Sun, founder of Tron (TRX), has broken the silence on the speculation about an exchange-traded fund (ETF) making the rounds in the crypto space. Sun validated the news by sharing an update with his over 3.8 million followers on X.
#TrumpVsPowell President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t a modern experience of how to think about this.”
#SolanaSurge Solana price jumps on Thursday as Canadian firm launches the world’s first SOL ETF, fueling bullish sentiment alongside $270 million in new staking deposits this week.
Solana price skips past Bitcoin and Ethereum as Canadian firm launches first SOL spot ETF.
#StaySAFU The acronym SAFU refers to the “Secure Asset Fund for Users,” an emergency insurance fund established by the cryptocurrency exchange Binance. In July 2018, Binance created this fund, committing 10% of all trading fees to ensure user funds are protected in extreme situations.
SAFU’s financial aspect
By January 29, 2022, the Secure Asset Fund for Users was valued at one billion dollars, showcasing its robust nature. SAFU primarily contains three types of assets: BNB (Binance Coin), BTC (Bitcoin), and BSC-USD (Binance’s stablecoin), all held in separate cold wallets to maximize security.
#TradingPsychology Speculation produces large swings. Even a profitable speculator will suffer large drawdowns from time to time.
It takes a great deal of discipline and fortitude to press on in those cases – to have the confidence in one’s trading system to continue to take new trades, even during a losing streak. A speculator is destined to see quite a bit of volatility in his daily, weekly, or even monthly, returns.