A sharp sell-off following the CME bitcoin futures open, compounded by hawkish signals from the Bank of Japan, dragged the CoinDesk 20 down nearly 6% on Monday.
Bank of Israel Governor Amir Yaron said stablecoins can no longer be viewed as marginal, citing their trillion-dollar trading volumes and growing systemic risks.
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet (MTPLF), with 66% shareholder approval, to mitigate negative returns from government bonds.
Despite low sentiment and falling prices, Bitwise?s Andr? Dragosch says bitcoin is trading as if a recession is imminent, while macro growth expectations are already improving.
The Monetary Authority of Singapore sees a wholesale CBDC as an anchor for a system in which private settlement assets are used for different market needs.
The U.K.'s central bank said on Monday it is proposing "temporary" limits of 20,000 pounds ($26,300) per coin for individuals and 10 million pounds for businesses.
The Federal Reserve governor argued that stablecoins' increasing demand for dollar-tied assets such as Treasuries will force monetary policy decisions.
BOE Deputy Governor Sarah Breeden tied the need to impose caps on stablecoin holdings to the U.K.'s mortgage market, which relies on commercial bank lending.
The penalty relates to Coinbase Europe breaching its anti-money laundering and counter terrorist financing transaction monitoring obligations between 2021 and 2025.
The Federal Reserve?s 25-basis-point cut last week was widely expected, but Chair Jerome Powell?s restrained tone dampened risk appetite after he hinted that December?s cut isn?t guaranteed.
While the move helps avoid potential liquidity crises that could damage financial markets, it falls short of being as stimulative to risk assets as the Fed's other moves, such as QE.
The 10th Circuit Court of Appeals ruled against Custodia nine months after hearing arguments in the company's effort to secure a Federal Reserve master account.
The moves come ahead of a pivotal Federal Open Market Committee (FOMC) meeting on Oct. 28?29, where officials are widely expected to cut benchmark rates by 25 basis points to the 4.00%?4.25% range.
After a quick jump toward $116,094 faded, buyers showed up near $112,500 while analysts watched $120,000 as the level that could clear the way toward $143,000.
Tether's gold-backed token swelled above $2 billion market cap, driven by record prices and surging retail demand, CEO Paolo Ardoino said in an interview.
The Kobeissi Letter reported that bank cash at the Federal Reserve fell to about $2.93 trillion; Adam Livingston says that level signals a shift that would favor bitcoin.
Major cryptocurrencies are trading higher ahead of a busy week featuring key Federal Reserve and Bank of Japan rate decisions alongside earnings reports from influential Mag 7 stocks.
The release of September's Consumer Price Index (CPI) is expected to show a 3.1% rise in the cost of living from a year earlier, the highest in 18 months, according to FactSet.
Investors are in wait-and-see mode as the U.S. shutdown stalls data releases and China signals restraint on export controls, keeping markets range-bound ahead of Friday?s CPI report.
Fed Governor Chris Waller?s payments account proposal would let the private sector innovate at the front end and keep the Fed as the trusted settlement layer behind it, argues Digital Self Labs? Linda Jeng.
The tone in risk markets soured again overnight as traders rotated back to stablecoins, avoiding bitcoin and smaller tokens ahead of key Federal Reserve and geopolitical catalysts.
The Finance Ministry noted growing crypto adoption, while the central bank laid out plans to let banks participate under strict capital and reserve requirements.
Shutdowns that delay data and weaken fiscal visibility often encourage central banks to act more cautiously, while rising yields in Japan hint at policy shifts that could ripple through global funding markets.
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