Analysis
The price of Stacks' STX token has faced slight downward pressure over the past day, declining 0.49% from $0.4712 to $0.4690. Looking more broadly, STX has been in a protracted downtrend over the past few months. Here's an in-depth look at the current STX
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Minutes showing Federal Reserve officials open to ongoing balance sheet runoff even amid future rate cuts muddy the outlook for cryptocurrency markets that track tightening cycles. Offsetting Policy Moves May Challenge Market Signals Fed minutes revealed openness to sustaining quantitative tightening bond roll-offs during eventual interest rate cuts. This divergence
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Analysis suggesting the Federal Reserve may overtighten monetary policy by hiking interest rates too aggressively has negative implications for economic stability and cryptocurrencies. High Real Rates Argued as Excessive by Some Experts Economist Will Luther contends current inflation-adjusted "real" Fed interest rates are nearly double levels needed to
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Nvidia's earnings report and the Federal Reserve's Jackson Hole symposium this week come at a pivotal moment for cryptocurrencies, with AI growth and rate policy holding major implications. Nvidia Results Anticipated Amid AI Enthusiasm Nvidia's quarterly earnings on Wednesday arrive after the chipmaker projected
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Former Federal Reserve economist Catherine Mann warns that extreme heat costs, already exceeding $100 billion annually, will climb much higher. This escalation underscores the urgent need for climate change solutions, potentially including blockchain-based carbon tracking tools. Economist: Heat Damage Costs Rising Sharply Influential former Fed economist Catherine Mann cautions that
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Forecasts of an impending recession have softened recently as parts of the economy show continued strength. But an Oxford Economics economist argues a "rolling recession" is still likely, with uneven impact across sectors. This raises questions around how cryptocurrencies may perform through a partial downturn. Economist: Mild Recession
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Authorities in Cheongju, South Korea are pursuing cryptocurrency tax evaders by investigating exchanges and planning to seize digital assets from delinquents. The crackdown aims to enforce accountability and establish fair crypto taxation practices locally. Cheongju Targets Over 8,500 Suspected Tax Evaders Cheongju regulators have contacted major Korean crypto exchanges
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The Polkadot network has submitted a new treasury proposal to cover operational costs for its PolkaWorld community over the next three months. This comes as the broader crypto market downturn weighs on Polkadot's native DOT token. PolkaWorld Requests Continued Funding for Asia Education PolkaWorld, Polkadot's community
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A former Chinese Communist Party official has received a life sentence for charges including bribery, abuse of power and assisting crypto mining companies. Xiao Yi leveraged his position to provide financial assistance and power supply guarantees to Bitcoin mining operations in violation of China's prohibitions, according to court
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The Reserve Bank of Australia (RBA) has concluded that the introduction of a central bank digital currency (CBDC) is still years away, following a year-long research project examining potential use cases with the Digital Finance Cooperative Research Centre (DFCRC). In a report published on Wednesday, the RBA said the research
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Adrian Orr, governor of New Zealand's central bank, stated the country needs a mild recession to curb runaway inflation before rates can fall again. His remarks worried crypto investors wary of broad economic impacts. Orr said slowing demand is necessary to rebalance supply constraints. He expects the projected
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Veteran investors Jeremy Grantham and David Rosenberg continue forecasting an impending US recession despite resilience so far. Their persistent warnings weighed on stock and cryptocurrency markets wary of economic cracks. Grantham believes the Fed's interest rate hikes will still trigger downturns in late 2022 or 2023. Rosenberg points
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Thailand’s economic growth decelerated more than expected in the second quarter, expanding just 1.8% year-over-year. The slowdown reflects weakening exports and political uncertainty that could affect cryptocurrency adoption. GDP increased only 0.2% over the first quarter as tourism failed to fully offset struggling exports. The data may
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Singapore’s core inflation rate slowed for a third straight month in July, reaching 3.8% year-over-year. This matched economist forecasts and could give the central bank room to maintain existing crypto policies amid a cooling economy. Overall inflation also declined to 4.1% in July from 4.5% in
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According to crypto podcast host Scott Melker, Bitcoin remains in a bull market despite recent weakness. In an interview, he explained why he doesn't expect new lows below $20,000 in the coming months barring an unforeseen "black swan" event. Melker identified $25,000 as key
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BlockFi is resisting attempts by fellow bankrupt firms FTX and Three Arrows Capital (3AC) to claw back billions in loan repayments. BlockFi argues this would unjustly impact its own creditors and customers. The struggling crypto lender filed objections in bankruptcy court against FTX seeking $5 billion and 3AC seeking $220