Bitcoin Holds Above $30,000 As Market Awaits Spot ETF, but ECB Tightening Could Spook Sentiment
June 28 (Cointime) - Bitcoin has remained above the $30,000 level, with hopes of a bitcoin ETF boosting market sentiment. Major financial institutions such as Fidelity, BlackRock, Invesco, WisdomTree, and Bitwise are all reportedly planning to file for a spot bitcoin ETF.
Reddit Considers Charging Fees for API Access, Causing Third-Party Apps To Close
June 26 (Cointime) - Despite the Federal Reserve's decision to pause rate hikes and decreasing interest rates, the housing and mortgage markets are still struggling, which is important for investors to monitor as it affects various sectors such as banking. Reddit is exploring ways to increase revenue and considering an IPO, but its anti-establishment culture has made it under-monetized compared to other social media platforms. To address this, Reddit has announced significant charges for third-party apps to access its API. Additionally, Warren Buffet has invested $20 billion in Japanese companies, while Meta, owned by Facebook, is reportedly developing a competitor to Twitter called Threads, which has resulted in Elon Musk challenging Mark Zuckerberg to a cage fight on Twitter. Lastly, Q.ai offers Qbits on their Learn Center to help investors understand complex investment concepts.
Federal Reserve Governor Jerome Powell Hints at Further Interest Rate Hikes and Makes Pro-Crypto Statements During US Congress Hearing
June 22 (Cointime) - Federal Reserve Governor Jerome Powell has indicated that the Fed will likely raise interest rates in order to bring inflation back to 2%, despite concerns from some policymakers about the negative impact on fixed debts, salaries, and small businesses.
Ex-Goldman Sachs Executive Urges Investors to Buy Bitcoin and Crypto Now
June 22 (Cointime) - Raoul Pal, CEO of Real Vision, advises investors to start buying digital assets, including Bitcoin and other cryptocurrencies, due to favorable macroeconomic conditions. He predicts that the Exponential Age will cause AI and other innovative technology stocks to rise, along with crypto assets.
Former Barclays CEO Bob Diamond Calls for Cryptocurrency Industry to Embrace Regulation and Understand Broader Digital Advancements
June 21 (Cointime) - Former Barclays CEO Bob Diamond has called for the cryptocurrency industry to embrace regulation in order to fully realize the potential benefits of digitalization and cryptocurrencies.
Federal Reserve Chairman Argues for Strong Central-Bank Oversight in Stablecoin Regulations
June 21 (Cointime) - During a hearing on monetary policy, Federal Reserve Chairman Jerome Powell emphasized the importance of central-bank oversight in the regulation of stablecoins.
Ethereum's Price Surges 4.8% in 24 Hours Amid Market-Wide Recovery and Institutional Investment Influx
June 21 (Cointime) - In the past 24 hours, Ethereum's value has risen by 4.8%, following a market-wide recovery led by Bitcoin, which saw a surge of over 7%.
Goldman Sachs Under Investigation by Federal Reserve and SEC Over Role in Silicon Valley Bank’s Collapse
June 16 (Cointime) - Goldman Sachs is under investigation by the Federal Reserve and Securities and Exchange Commission (SEC) for its involvement in the purchase of Silicon Valley Bank's securities portfolio before the bank's collapse.
Federal Reserve Chair's Statement Raises Concerns About Bitcoin's Future Trajectory
June 16 (Cointime) - Investors are worried about the future of Bitcoin's price following Federal Reserve Chair Jerome Powell's recent statement about interest rates. Speculation is growing about a potential crash that could bring Bitcoin's value down to $20,000.
Bitcoin Stays Below $25,000 as US Economic Policy Changes Cause Three-Month Lows
Bitcoin remained below $25,000 on June 15 after a reaction to changes in US economic policy led to three-month lows. The US Federal Reserve paused interest rate hikes, but Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to control inflation. Markets placed more than a 70% chance of a hike at the next Federal Open Market Committee meeting in July. Keith Alan, co-founder of monitoring resource Material Indicators, described Powell as "all bark, no bite".
