Fed Keeps Interest Rates Unchanged for Third Time, Highlights Risks of High Inflation and Unemployment
The US Federal Reserve (Fed) kept interest rates unchanged at 4.25-4.50%, in line with market expectations. With this decision, the Fed refrained from changing interest rates for the third consecutive time. In a statement following the FOMC meeting, the Fed issued a rare warning that high inflation and rising unemployment risks are growing simultaneously. The Fed emphasized that economic uncertainty has increased, particularly due to tariff policies, and maintained its cautious stance.
Fed Chair Powell: The Right Move Is to Wait for Clarity
Speaking after the meeting, Fed Chairman Jerome Powell said that the effects of tariff policies were causing uncertainty and that it was more appropriate to monitor developments rather than act hastily. Responding directly to President Trump’s calls for interest rate cuts, Powell said that these statements did not influence policy decisions. He also said that if tariffs continue, there could be a slowdown in growth, an increase in inflation, and a rise in unemployment.
Trump Considering Lifting Chip Restrictions
According to sources close to the matter, the Trump administration is planning to ease existing trade restrictions on artificial intelligence chips. Although the decision has not yet been finalized, it is reported that regulations implemented during the Biden administration, which limited exports by US chip manufacturers such as Nvidia, will be reviewed. The current policy includes a comprehensive control system that limits chip exports to three different groups of countries. Trump’s decision to change this system has the potential to significantly impact both global competition in the artificial intelligence sector and the US’s geopolitical technology strategy.
Robinhood Plans Blockchain-Based Platform for US Securities Trading in Europe
According to Bloomberg, Robinhood is planning to launch a new blockchain-based platform that will allow its European users to buy and sell US securities. Sources indicate that the project will likely be implemented through a partnership with a digital asset firm. Arbitrum, known for its Layer 2 solutions, is being considered as a potential technology partner for the initiative. This platform aims to make cross-border securities trading more efficient by leveraging Arbitrum’s advantages, particularly in terms of lower transaction fees and scalability.
Arizona Sets a Precedent in the US by Establishing a Crypto Reserve Account
Arizona has become the first state in the US to establish a crypto reserve account by enacting HB 2749. This reserve is not intended for investment purposes; it was established to store unclaimed digital assets, airdrops, and staking rewards. The new regulation represents an important pilot program for crypto public finance in the US.
OCC Approves US Banks to Buy and Sell Cryptocurrencies and Use Outsourcing
The U.S. Office of the Comptroller of the Currency (OCC) announced that it has authorized banks to buy and sell cryptocurrencies on behalf of their customers and to provide digital asset services under supervision as an outsourced service. The published Interpretive Letter No. 1184 requires that these services, which are outsourced to third parties, be conducted within an appropriate risk management framework.
Bloomberg: G7 May Address North Korea’s Billion-Dollar Crypto Attacks at Summit
According to Bloomberg, G7 countries plan to discuss North Korea’s cyberattacks on the crypto sector at a summit in Canada in June. Reports indicate that North Korean hacker groups have stolen more than $1.3 billion in digital assets in 47 separate attacks since 2023. In early 2025, they reportedly carried out an additional $1.5 billion heist from the Bybit exchange.
Bitcoin Spot ETF
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $142 million on May 7, with no funds recording net outflows. The highest daily inflow was $54.7 million for the ARKB ETF, followed by FBTC with $39.9 million. Total ETF assets reached 112.712 billion dollars, corresponding to 5.86% of Bitcoin’s total market value. Cumulative net inflows reached 40.719 billion dollars.
Ethereum Spot ETF
Ethereum spot ETFs performed weakly on the same day, recording a net outflow of 21.77 million dollars. BlackRock’s ETHA ETF accounted for the entire outflow. No Ethereum ETF recorded positive fund inflows. The current total asset value stands at 6.197 billion dollars, equivalent to 2.85% of ETH’s total market value. The historical net inflow remains at 2.468 billion dollars.
by Darkex Research – 1 min read
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The Daily News published on Darkex are for informational purposes only and do not constitute financial or investment advice. All investment decisions and associated risks are solely the responsibility of the investor.
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