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  • Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut
    by Assad Jafri on September 18, 2024 at 10:45 pm

    Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy. According to the press release: “The Committee has gained greater confidence The post Bitcoin holds above $60k amid heavy volatility after FOMC confirms […]

  • Institutional players drive crypto adoption in South Korea, Hong Kong — Chainalysis
    by Gino Matos on September 18, 2024 at 9:38 pm

    Eastern Asia has emerged as the sixth largest crypto economy globally, largely driven by institutional activity in South Korea and Hong Kong, according to a Sept. 18 report by Chainalysis. The region accounted for 8.9% of global value received between July 2023 and June 2024, totaling over $400 billion in on-chain value. Most of this The post Institutional players drive crypto adoption in South Korea, Hong Kong — Chainalysis appeared first on […]

  • WisdomTree introduces Ethereum-based tokenization platform for its customers
    by Gino Matos on September 18, 2024 at 8:30 pm

    WisdomTree launched an Ethereum-based platform for tokenized real-world assets (RWA) called WisdomTree Connect on Sept. 18. The platform’s goal is to allow customers to interact with any WisdomTree-issued token on different blockchains. WisdomTree Connect allows firms to access yield-generating products on-chain with blockchain-integrated recordkeeping. Firms will receive digital records of WisdomTree digital funds in their The post […]

  • KPMG calls for stronger custodial practices to boost Bitcoin adoption
    by Assad Jafri on September 18, 2024 at 7:45 pm

    Global accounting firm KPMG believes that strong custodial practices are key to boosting Bitcoin (BTC) adoption among institutions and businesses. According to its recent report titled “The Importance of Custodians in Bitcoin Adoption and Ownership,” custodians play a crucial role in safeguarding Bitcoin holdings and are vital for the industry’s growth. It added that custodians The post KPMG calls for stronger custodial practices to boost […]

  • BlackRock calls Bitcoin a ‘unique diversifier’ in document sent to clients
    by Gino Matos on September 18, 2024 at 7:00 pm

    Asset manager BlackRock sent a 9-page document to its clients on Sept. 18 that portrays Bitcoin (BTC) as a “unique diversifier” for portfolios. The document highlighted the characteristics that make Bitcoin distinct from traditional asset classes on any long-term basis and suggested a “modest allocation.” Although BTC moves with equities in the short term, as The post BlackRock calls Bitcoin a ‘unique diversifier’ in document sent […]

  • MicroStrategy boosts Bitcoin buying power with $875M convertible debt offering
    by Oluwapelumi Adejumo on September 18, 2024 at 6:08 pm

    MicroStrategy has increased its convertible debt offering to $875 million from $700 million to purchase more Bitcoin, according to a Sept. 18 statement. The Virginia-based company aims to raise these funds by selling convertible senior notes with an interest rate of 0.625% annually. These unsecured senior obligations will be available to institutional investors in a The post MicroStrategy boosts Bitcoin buying power with $875M convertible debt […]

  • Revolut in advanced stages of plan to launch its own stablecoin
    by Assad Jafri on September 18, 2024 at 5:00 pm

    Fintech giant Revolut is reportedly in the advanced stages of developing its own stablecoin, CoinDesk reported on Sept. 17, citing sources familiar with the matter. Revolut, which secured a UK banking license earlier this year, aims to follow the lead of major industry players like PayPal, Ripple, and BitGo, all of which have recently entered The post Revolut in advanced stages of plan to launch its own stablecoin appeared first on CryptoSlate.

  • Bitcoin should be at $83,883 by 2020 standards, $696k scaled to 2012 growth
    by Liam ‘Akiba’ Wright on September 18, 2024 at 3:30 pm

    Bitcoin’s price is lagging behind previous halving cycles, according to recent data from Halving Tracker. At 151 days after the 2024 halving, Bitcoin stands around $59,800, significantly lower than scaled prices from past cycles. Comparative figures show that at the same point post-halving, the 2012 cycle would scale Bitcoin’s price to $696,090.64, the 2016 cycle The post Bitcoin should be at $83,883 by 2020 standards, $696k scaled to 2012 […]

  • CleanSpark doubles down on Bitcoin mining with new Mississippi acquisitions
    by Oluwapelumi Adejumo on September 18, 2024 at 2:57 pm

    CleanSpark has intensified its Bitcoin mining efforts by acquiring two new sites near Clinton, Mississippi. On Sept. 17, the Bitcoin miner revealed that the new sites were purchased for $5.775 million and can support 16.5 megawatts. According to the firm, the locations will house S21 Pro miners, providing a combined operating hash rate of roughly The post CleanSpark doubles down on Bitcoin mining with new Mississippi acquisitions appeared first […]

  • US losing edge in crypto due to SEC’s ‘scorched earth’ tactics, Robinhood exec says
    by Oluwapelumi Adejumo on September 18, 2024 at 1:48 pm

    Robinhood’s Chief Legal Officer Daniel Gallagher criticized the US Securities and Exchange Commission’s (SEC) approach to crypto regulation in written testimony submitted for a Sept. 18 hearing before the House Financial Services Subcommittee on Digital Assets. Gallagher detailed Robinhood’s efforts to comply with SEC regulations, citing over a dozen meetings and calls over 18 months. The post US losing edge in crypto due to SEC’s […]

  • UAW Workers Blame Biden, Harris And EV Mandates For Job Losses
    by Tyler Durden on September 18, 2024 at 11:40 pm

    UAW Workers Blame Biden, Harris And EV Mandates For Job Losses While we know how professional extortionist union negotiator Shawn Fain at the top ranks of the UAW wants his workers to vote, the way they’re going to vote might be a different story altogether. That’s because auto workers in Michigan seem to be blaming Joe Biden, Kamala Harris and their EV mandates, for layoffs in Michigan, according to a new report from the New […]

  • Aurora Police Offer Help To Apartment Complexes Amid Venezuelan Gang Issues
    by Tyler Durden on September 18, 2024 at 11:15 pm

    Aurora Police Offer Help To Apartment Complexes Amid Venezuelan Gang Issues Authored by Allan Stein via The Epoch Times (emphasis ours), The city of Aurora, Colorado, wants to assign police officers to apartment complexes where alleged gang members from Venezuela have resided, but the property owner has yet to accept the offer. Aurora, Colorado, police release the identities of 10 alleged Venezuelan gang members suspected in […]

  • Chevron CEO Blasts Biden On ‘Green’ Policies, Says Admin Should “Stop Attacks On NatGas” 
    by Tyler Durden on September 18, 2024 at 10:50 pm

    Chevron CEO Blasts Biden On ‘Green’ Policies, Says Admin Should “Stop Attacks On NatGas”  Chevron CEO Mike Wirth delivered a dire warning at Tuesday’s Gastech conference in Houston, criticizing the Biden-Harris administration’s radical energy policies—specifically the moratorium on new liquefied natural gas export permits. He warned these policies have driven up prices and “undermined energy security” for America’s key […]

  • Nine US Senators Launch Inquiry Into Kamala Harris’ Failure As ‘Broadband Czar’
    by Tyler Durden on September 18, 2024 at 10:00 pm

    Nine US Senators Launch Inquiry Into Kamala Harris’ Failure As ‘Broadband Czar’ FCC Commissioner Brendan Carr criticized the Biden-Harris administration, pointing out that their $42.45 billion program to bring high-speed internet to rural America has yet to connect a single person. He said it had been 1,038 days, and “not a single person has been connected” since the program debuted. 1️⃣,0️⃣3️⃣7️⃣ days. Vice […]

  • After Overwhelming Pro-Trump Polling, Teamsters Will Not Endorse Any Candidate For First Time Since 1996
    by Tyler Durden on September 18, 2024 at 9:44 pm

    After Overwhelming Pro-Trump Polling, Teamsters Will Not Endorse Any Candidate For First Time Since 1996 The Teamsters announced on Wednesday that they will not endorse any candidate for president after a shocking internal poll found that more than half of Teamsters members back former President Donald Trump in the upcoming election. Sean O’Brien, the president of the International Brotherhood of Teamsters, speaking at the […]

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  • The Great Sorting And ‘I, Robot’
    by Tyler Durden on September 18, 2024 at 9:40 pm

    The Great Sorting And ‘I, Robot’ Authored by Ian McNulty via The Brownstone Institute, In a recent discussion with Scottish broadcaster and historian, Neil Oliver, Tucker Carlson said that he thinks of the events of 2020 and beyond as “The Great Sorting:” I mean under this immense downward pressure exerted on the West over the last 4 years, people sort of wound up on one side or the other, and it’s not a political divide, […]

  • Trump Tops Harris With Independents In Latest Post-Debate Poll
    by Tyler Durden on September 18, 2024 at 9:20 pm

    Trump Tops Harris With Independents In Latest Post-Debate Poll Former President Donald Trump continues to enjoy a lead among independent voters, offering a key advantage in the ongoing race against Vice President Kamala Harris, according to a new Gallup poll. The survey, conducted from Sept. 3-15, reveals that while both candidates have favorability ratings under 50%, Trump enjoys a crucial boost from independents. Among all U.S. […]

  • Emasculation Nation
    by Tyler Durden on September 18, 2024 at 9:00 pm

    Emasculation Nation Authored by Raw Egg Nationalist via American Greatness, At last month’s Democratic National Convention, men lined up to have themselves sterilized outside the conference center. You probably heard. So-called “reproductive rights” were one of the key issues of the Convention, which also had a giant inflatable IUD stationed close to the entrance, just in case attendees were in any doubt. Planned […]

  • DoJ Sues Dali Container Ship Owners for $100M, Alleging ‘Jerry-Rigged’ Vessel Collapsed Baltimore Bridge
    by Tyler Durden on September 18, 2024 at 8:40 pm

    DoJ Sues Dali Container Ship Owners for $100M, Alleging ‘Jerry-Rigged’ Vessel Collapsed Baltimore Bridge The Justice Department alleges that the mechanical and electrical systems on the massive container ship that struck the Francis Scott Key Bridge in a critical shipping channel in the waterways of Baltimore City earlier this year had been ‘jerry-rigged’ and improperly maintained, resulting in a power outage in the moments before […]

  • ‘Deep State Knows It Cannot Cheat Kamala In’ – Martin Armstrong Fears Washington’s Plan To “Trap Trump Into War”
    by Tyler Durden on September 18, 2024 at 8:20 pm

    ‘Deep State Knows It Cannot Cheat Kamala In’ – Martin Armstrong Fears Washington’s Plan To “Trap Trump Into War” Via Greg Hunter’s USAWatchdog.com, Legendary financial and geopolitical cycle analyst Martin Armstrong predicted less than a month ago that there would be another assassination attempt on Donald Trump’s life, and the Deep State was going to do everything possible to start a war with Russia.  He was right on […]

  • Fed/Powell Unleash Chaos Across Markets With ‘Not A Crisis At All’ 50bps Rate-Cut
    by Tyler Durden on September 18, 2024 at 8:00 pm

    Fed/Powell Unleash Chaos Across Markets With ‘Not A Crisis At All’ 50bps Rate-Cut 50bps cut… uber-dovish Dots… Powell pushed back… stocks end red, dollar and yields end higher. “The US economy is in a good place and our decision today is designed to keep it there,” said Fed Chair Pay Powell during the press conference. So a crisis-level 50bps rate-cut at record highs for stocks and home prices, just two months ahead of […]

  • Israel’s War Cabinet Greenlights Offensive War Against Hezbollah, Sends Elite Brigade North
    by Tyler Durden on September 18, 2024 at 7:44 pm

    Israel’s War Cabinet Greenlights Offensive War Against Hezbollah, Sends Elite Brigade North Update(1544): As many suspected and feared, this deadly two-day Israeli covert operation to blow up Hezbollah pagers, walkie-talkies, and small electronic devices was but preparation for a likely Israeli military ground operation in southern Lebanon. It appears war is here. According to breaking news wires: Israeli cabinet has given PM […]

  • California Passes Package Of Laws To Combat Election Deep-Fakes
    by Tyler Durden on September 18, 2024 at 7:40 pm

    California Passes Package Of Laws To Combat Election Deep-Fakes Authored by Felix Ng via CoinTelegraph.com, California Governor Gavin Newsom passed a tough new law to crack down on politically-themed artificial intelligence deepfakes during elections.  It comes only weeks after Elon Musk re-posted a parody of a Kamala Harris campaign ad on X that garnered millions of views and used AI-powered voice manipulation to make it […]

  • Wall Street Reacts To Today’s 50bps “But No Crisis” Rate Cut
    by Tyler Durden on September 18, 2024 at 7:12 pm

    Wall Street Reacts To Today’s 50bps “But No Crisis” Rate Cut Well, once again the majority – make that the vast majority – of “economisseds” were dead wrong, and as we noted earlier, 105 of 114 economists predicted a 25bps cut… and were wrong. But don’t blame them: it really is the Fed’s fault – again – because while odds of a 50bps rate cut were only 10% as the Fed entered its “blackout period”, these surged after an […]

  • Army Sends 130 Troops, Missile Systems To Remote Alaskan Island For ‘Russia Threat’
    by Tyler Durden on September 18, 2024 at 7:05 pm

    Army Sends 130 Troops, Missile Systems To Remote Alaskan Island For ‘Russia Threat’ The Pentagon has taken the rare step of deploying US Army ground forces to an Alaskan island on fears that Russian and Chinese warships are coming closer and closer to America’s shores. Some 130 soldiers have been sent to an uninhabited, remote island in the Aleutian chain of western Alaska following a series of Russian and Chinese military assets […]

  • Trump Or Harris: Corporate Tax Winners And Losers
    by Tyler Durden on September 18, 2024 at 6:45 pm

    Trump Or Harris: Corporate Tax Winners And Losers Authored by Michael Lebowitz via RealInvestmentAdvice.com, Not surprisingly, Donald Trump and Kamala Harris are taking opposite approaches to modifying the corporate tax code. If enacted, both proposals would significantly impact corporate profits and, thus, share prices. Currently, the plans are only campaign promises. History repeatedly reminds us that many political promises are […]

  • Watch Live: Fed Chair Powell To Explain What Exactly What He Saw That Prompted A Crisis-Level Rate-Cut
    by Tyler Durden on September 18, 2024 at 6:25 pm

    Watch Live: Fed Chair Powell To Explain What Exactly What He Saw That Prompted A Crisis-Level Rate-Cut Well, now Fed Chair Powell has some ‘splaining to do… While economists were heavily weighted towards a 25bps cut (just nine forecasters in Bloomberg’s survey of 113 (!) economists predicted 50), traders were almost all-in on the idea of a 50bps cut today (odds had sunk intraday from around 70%)… so what was it […]

  • ‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs
    by Tyler Durden on September 18, 2024 at 6:00 pm

    ‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs Tl; dr: Despite only 9 of 113 economists surveyed expecting a 50bps rate-cut, Powell and his pals did it. At the same time they slashed their ‘DOTS’ expectations for rates, despite not adjust growth expectations, barely adjust unemployment, and hoping for lower inflation. And all this two months before the election… amazing! Amazing what an […]

  • The Fed: 0 To 100 In 3 Meetings?
    by Tyler Durden on September 18, 2024 at 5:45 pm

    The Fed: 0 To 100 In 3 Meetings? Authored by Peter Tchir via Academy Securities, There is no doubt the Fed is driving markets right now. The only question remains, is are they driving an EV (fast acceleration) or a traditional ICE vehicle (slower off the line but builds up speed nicely). Before exploring our take on the various scenarios (which we covered a bit in this weekend’s Great Debates T-Report) it is a good time to […]

  • ABC’s David Muir Sees Rating Plunge Amid Debate Moderation Backlash
    by Tyler Durden on September 18, 2024 at 5:25 pm

    ABC’s David Muir Sees Rating Plunge Amid Debate Moderation Backlash Authored by Eric Lundrum via American Greatness, ABC’s “World News Tonight” has been experiencing a massive decline in ratings following widespread condemnation of host David Muir’s performance as a moderator during the presidential debate between former President Donald Trump and Vice President Kamala Harris (D-Calif.). According to the New York Post, […]

  • Hezbollah Begins First Cross-Border Attacks Since Pager Blasts; EU Condemns ‘Indiscriminate’ Israeli Op
    by Tyler Durden on September 18, 2024 at 4:45 pm

    Hezbollah Begins First Cross-Border Attacks Since Pager Blasts; EU Condemns ‘Indiscriminate’ Israeli Op Hezbollah is vowing retaliation against Israel, which it holds “fully responsible” for the pager explosion attacks that left at least 300 people in critical condition. The death toll has risen to 12, with two among these children who were in the vicinity of exploding pagers. Some blasts went off inside homes. The Lebanese […]

  • “Blow Your Mind”: Ex-WSJ Journo Uncovers Hub Of An Alleged Migrant Trafficking Network In Springfield, Ohio  
    by Tyler Durden on September 18, 2024 at 4:00 pm

    “Blow Your Mind”: Ex-WSJ Journo Uncovers Hub Of An Alleged Migrant Trafficking Network In Springfield, Ohio   Wall Street Journal reporter Asra Nomani has published a shocking report that could soon change the national discussion from Haitians and other migrants eating cats or dogs in Springfield, Ohio, to one that is more sinister: The hub of a complex “hidden human trafficking network” in the tiny rust belt town.  “The […]

  • Explosives Reported Near Trump Rally On Long Island As Police Hunt For Suspect
    by Tyler Durden on September 18, 2024 at 3:05 pm

    Explosives Reported Near Trump Rally On Long Island As Police Hunt For Suspect Police in Nassau County, New York are investigating a possible security breach after a reported discovery of explosives near the site of former President Donald Trump’s rally on Long Island, just hours before his scheduled speech Wednesday evening. Sources within the Nassau County Police Department allegedly told One America News Network (OANN) […]

  • WTI Holds Gains As ‘Tank Bottoms’ Loom After Big Draw At Cushing Hub
    by Tyler Durden on September 18, 2024 at 2:38 pm

    WTI Holds Gains As ‘Tank Bottoms’ Loom After Big Draw At Cushing Hub oil prices continued their recent rally off three-year lows this morning (rebounding from weakness overnight following the unexpected crude build reported by API) ahead of today’s FOMC decision and pushed higher by re-awoken geopolitical risk premium after Israel’s pager-op on Hezbollah prompted the start of retaliations. The weak preliminary inventory data from […]

  • Paging The Fed
    by Tyler Durden on September 18, 2024 at 2:25 pm

    Paging The Fed By Michael Every of Rabobank 2750 Beeps The market is waiting for the Fed to cut rates today for the first time in years: the economist Bloomberg survey expects 25bps; markets are split between pricing 25bps and 50bps, with the most speculation in Fed Funds futures since they began trading in 1988; some joke the Fed should cut 37.5bps to please everyone; others are shifting ”50-50” to mean “fifty then […]

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The Defiant Defi News. The Defiant curates, digests, and analyzes all the major developments in decentralized finance, so that you can stay informed and smart about the most cutting-edge and fastest-changing corner of crypto and finance.