24/7 Blockchain industry dynamics and breaking crypto news
Fidelity’s Jurrien Timmer argues Bitcoin’s growth resembles an S-curve like the internet, not a power law. He questions claims of a post-halving bull run, warning of potential consolidation and possible bear market risks ahead.
Read MoreThe Congressional Budget Office reports a $143 billion federal deficit for December 2023, driven by seasonal spending and lower tax revenues, raising concerns over long-term fiscal sustainability.
Read MoreA key Fed official suggests inflation trends may not become clear until April, highlighting economic complexity and the need for patience before policy decisions.
Read MoreThe US housing finance agency has completed a $3 billion mortgage purchase to stabilize the market. While the timeline for the full $200 billion plan remains unclear, the move signals a strategic push to boost liquidity and support housing sector recovery.
Read MoreA Fed official stresses focus on its dual mandate, pointing to housing supply as key to resolving the affordability crisis. Upcoming data will guide policy amid lingering gaps.
Read MoreFormer President Trump warns of a possible U.S. government shutdown on January 30 due to ongoing budget disputes, sparking concerns over political gridlock and disruption of federal operations.
Read MoreUS bank deposits fell to $18.535 trillion last week, down $84 billion from the prior week, signaling shifts in liquidity behavior and raising investor attention on potential implications for monetary policy and financial stability.
Read MoreMajor US indexes rose, with the Dow and S&P 500 setting new closing highs. Tech stocks led gains, as Intel surged over 10%, boosting market sentiment and investor confidence.
Read MoreRecent jobs data show sluggish hiring and modest labor growth. Fed officials warn inflation remains above target and unemployment trends require close monitoring in the evolving economic landscape.
Read MoreUS mortgage rates dropped below 6% for the first time in years, with the 30-year average at 5.99%. Driven by policy moves and market shifts, this offers relief to borrowers and could boost housing demand.
Read MoreA major Solana-based token platform revamped its creator incentive model, introducing revenue splitting and ownership transfer, driving daily token launches to a nine-month high amid rising ecosystem activity.
Read MoreThe Federal Reserve has named new board chairs and vice chairs for its 12 regional banks in 2024. Leaders from major corporations and small businesses will provide economic insights that inform national monetary policy decisions.
Read MoreOpenAI and SoftBank each invest $500M in SB Energy to develop U.S. data center infrastructure, supporting AI growth. The project includes a 1.2GW Texas facility, signaling a major step in energy-tech integration.
Read MoreOn January 9, the Federal Reserve's overnight reverse repo facility reached $3.28 billion with 6 counterparties, up from $3.083 billion in the previous session.
Read MoreBNB Chain launches a $100M incentive initiative, strategically acquiring popular meme tokens with $50K allocations. The move aims to boost community engagement and accelerate on-chain innovation.
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