Fed Policymakers Raise Prospect of Interest Rate Hikes

United States Federal Reserve policymakers discussed the possibility of interest rate increases last month, according to newly released comments from a January meeting. The minutes of the Federal Open Market Committee meeting from late January were released on Wednesday, revealing that some policymakers were mulling a rate hike due to stubbornly high inflation.  Several participants indicated that they would support “the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels,” the minutes stated.  Central bank policymakers voted…

Solana (SOL) Pressured Below Key Levels, Further Drop Possible?

Solana failed to stay above $86 and corrected gains. SOL price is now below $84 and remains at risk of more losses below $80. SOL price started a downside correction below $86 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $84 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $80 zone. Solana Price Dips Further Solana price…

US CLARITY Act To ‘Hopefully’ Pass By April: Bernie Moreno

The US CLARITY Act, a highly anticipated bill aimed at providing greater clarity for the US crypto industry, could make it through Congress in just over a month, according to crypto-friendly US Senator Bernie Moreno. “Hopefully by April,” Moreno told CNBC during an interview at US President Donald Trump’s Mar-a-Lago property in Florida on Wednesday. Coinbase CEO Brian Armstrong joined Moreno for the interview, explaining that they were with representatives from the crypto, banking and US Congress at the World Liberty Financial (WLF) crypto forum to reach a solution on…

Kalshi Data Could Inform Fed Reserve Policy, Say Researchers

Three researchers at the US Federal Reserve argue that prediction market Kalshi can better measure macroeconomic expectations in real time than existing solutions and thus should be incorporated into the Fed’s decision-making process. The “Kalshi and the Rise of Macro Markets” paper was released on Feb. 12 by Federal Reserve Board principal economist Anthony Diercks, Federal Reserve research assistant Jared Dean Katz and Johns Hopkins research associate Jonathan Wright. Kalshi data was compared with traditional surveys and market-implied forecasts to examine how beliefs about future economic outcomes change in response…

XRP Price Downtrend Deepens With Limited Signs Of Relief

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Warren Urges Fed and Treasury to Reject Crypto Bailout

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.  Warren warned that any potential bailout “would be deeply unpopular to transfer wealth from American taxpayers to cryptocurrency billionaires,” adding that it could also “directly enrich President Trump and his family’s cryptocurrency company, World Liberty Financial, according to CNBC. The letter comes as Bitcoin (BTC) prices have fallen more than 50% from their all-time high in…

Aptos Foundation to Propose New Deflationary Tokenomics

The Aptos Foundation is looking to propose a significant shakeup to the dynamics of the Aptos token, announcing a host of potential policy changes designed to spur greater APT deflation.   In an X post on Wednesday, the Aptos Foundation said it would submit several governance proposals to help transition the ecosystem away from its current subsidy-based emission format to something focused more on “performance-driven mechanisms” and decreasing APT supply.  “The Aptos network is transitioning to performance-driven tokenomics designed to align supply mechanics with network utilization,” the Aptos Foundation said, adding:…

Ethereum Price Stalls Under Resistance With Breakout Hopes Delayed

Ethereum price found support near $1,922 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,000. Ethereum is attempting a fresh recovery wave above $1,960. The price is trading below $1,985 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Revisits Support Ethereum price failed to stay above $2,000 and started a…

2-Step Bitcoin Quantum Plan, Prepare For AGI

Crypto industry executives at Cointelegraph’s LONGITUDE conference in Hong Kong stressed the importance of addressing Bitcoin’s technological risks and said that clear US regulations can’t come soon enough. Co-hosted by crypto exchange OneBullEx, the Feb. 12 event opened with a fireside chat featuring Tron founder Justin Sun, who discussed what the industry needs to prioritize — including preparing for artificial general intelligence (AGI) — which many expect to arrive within the next few years. “We need to create a very easy standard for AGI to use blockchain,” Sun said. Tron…

Hyperliquid Taps Lawyer Jake Chervinsky to Lead Policy Shop

Crypto platform Hyperliquid has launched a new advocacy organization aimed at pushing through policy changes involving decentralized finance in Congress.  The Hyperliquid Policy Center said on Wednesday that it had launched in Washington, DC, and named Jake Chervinsky as founder and CEO, a veteran crypto lawyer who was the legal head at crypto venture fund Variant and former policy chief at crypto lobbyist Blockchain Association. The organization said it will look to advance “a clear, regulated path for decentralized finance to thrive in the United States” and will push policy…