Cryptocurrencies

The US stock market fell on Wednesday as renewed US-Iran tensions sent oil above $75 and revived inflation fears. As a result, the S&P 500 slipped 0.7%, while the Fed minutes were largely overshadowed by the geopolitical shock. 1. Renewed US-Iran Tensions Spiked Oil President Trump declared the US-Iran ceasefire “over” and flagged more strikes

The Federal Reserve released minutes from its June 16-17 meeting on July 8, showing a divided committee that unanimously held rates steady at 3.50% to 3.75% while flagging inflation risks tied to artificial intelligence spending. The meeting was Chair Kevin Warsh’s first since taking over the Fed. All 12 voting members backed the hold, though

Bitcoin Magazine CFTC Chair Says Clarity Act Is ‘So Close’ As August Deadline Nears CFTC Chairman Michael Selig urged Congress to pass the Clarity Act before the August recess, saying the crypto market-structure bill is "so close" despite ongoing disputes over ethics and stablecoin provisions. This post CFTC Chair Says Clarity Act Is ‘So Close’ As August…

One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily.

The US Department of Justice (DOJ) reportedly warned prosecutors to expect reduced cooperation from Binance in cryptocurrency investigations, according to The Information. The reported internal memo suggests investigators may face stricter legal requirements when seeking account freezes and asset seizures. Binance, however, has strongly denied making any…