FOMC | Crypto

Federal Reserve officials focused significantly on stablecoins during their July 29-30 meeting, analyzing potential impacts on the financial system following the passage of the GENIUS Act. In the minutes released on Aug. 20, the members of the Federal Open Market Committee (FOMC) mentioned the digital tokens multiple times. Stablecoins discussed extensively The officials mentioned “payment […] The post Fed discusses stablecoins extensively in recent FOMC meeting following GENIUS Act passage appeared first on CryptoSlate.

Traders cut risk ahead of Wednesday’s Federal Reserve decision on interest rates, and a long-awaited crypto policy report from the White House. Key points:  Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon.  This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Read more

Trump offers light relief for Bitcoin price action while calling Fed Chair Jerome Powell a "stupid person" with interest-rate cut hopes absent. Key points: Bitcoin sees light relief as US President Trump reveals that Iran had been in touch. Trump calls Fed Chair Jerome Powell “stupid” as markets see no chance of an interest-rate cut at the June 18 FOMC meeting. Read more

Crypto rallies, US-China trade talks to begin, FOMC decision today FOMO HOUR EP352 BTC: 97k (+3%), ETH: 1840 (+2%), SOL: 147 (+2%). Top Gainers: LTC, STX, WLD, FET, QNT. BTC ETFs: -$86mn, ETH ETFs: -$18mn. Crypto rallies on US-China trade talk news. BTC dominance breaks through 65%. New Hampshire first state to setup crypto reserve. UK treasury rules out BTC reserve. Thumzup to sell $500m stock to buy BTC. SOL Strategies buys $18.25m SOL. Citi, SDX plan to tokenise pre-IPO market. Global stablecoin supply up 14% in 2025. Tether to deploy USDT on Kaia. WLFI to airdrop stablecoin on ETH mainnet. AI will buy BTC: Saylor. Bitwise files for NEAR ETF. Strike launches BTC backed lending. Armstrong’s startup valued at $810m. CZ applies for pardon in US. Bhutan launches crypto payments for tourists. We don’t want Fed to issue CBDC: Bessent. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of th...