By Emir Abyazov Key highlights: US inflation data fuels expectations of a Fed rate cut in September. Record ETF inflows give Ethereum momentum near all-time highs. Geopolitical relief drives risk appetite for stocks and crypto. Trading firm QCP Capital’s new report highlights softer-than-expected US inflation for July. Core CPI came in at 2.7% (versus 2.8% […]
Tag: US
By Emir Abyazov Key highlights: Do Kwon pleads guilty to two wire fraud charges, waives trial in New York federal court. Plea agreement includes $19 million financial penalties; sentencing set for December 11. The case follows the Terra collapse, causing $40B losses, marked by complex extradition and lawsuits. Do Kwon, co-founder of Terraform Labs, has […]
By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]