Fed Rate Decision Awaited
Eyes will be on the Fed interest rate decision today. Crypto investors and traders are reportedly in a cautious mood ahead of the meeting. The market generally expects the Fed to keep interest rates unchanged, but in light of recent concerns that US growth is slowing, signals on whether further rate cuts are likely in the future will be closely watched.
JPMorgan: Crypto Markets Decline on Macroeconomic Risks
JPMorgan analysts said crypto markets have retreated from the highs reached after the 2024 US elections due to broad macroeconomic risks and uncertainty in equities. The bank reported that the total crypto market cap closed Fevereiro at around $2.74 trillion, the lowest level since Novembro 2024.
Bank of Japan Keeps Policy Rate Steady
The Bank of Japan kept interest rates steady on Quarta-feira in a widely expected move, with policymakers opting to spend more time gauging how higher US tariffs will affect the export-driven economy. Japan’s next rate hike could come as early as Junho.
Trump’s World Liberty Financial Completes Second Token Sale, Raises $550 Million
World Liberty Financial, Inc. (WLFI), the Donald J. Trump-inspired decentralized finance (DeFi) protocol and governance platform, has successfully completed its second round of token sales. In the first round, $300 million worth of tokens were sold, and $250 million worth of tokens were sold in the second round. WLFI has attracted huge investor interest, selling a total of $550 million in tokens.
Crypto Investment Products Outflows of $6.4 Billion in 5 Weeks
Outflows from crypto asset investment products entered the fifth consecutive week, with total outflows reaching $6.4 billion. Outflows have been continuous over the last 17 trading days, the longest streak since 2015. In the last week, there were outflows of $1.7 billion and the total value of assets under management (AuM) fell by $48 billion.
North Korea Leaves El Salvador and Bhutan Behind in Bitcoin Assets
North Korea has become one of the world’s largest state-level Bitcoin holders following the $1.4 billion Bybit attack. According to an Arkham Intelligence report, North Korea’s cyberattack group Lazarus is currently holding 13,518 BTC, worth approximately $1.13 billion. This puts North Korea at the top of the global Bitcoin holdings rankings, ahead of countries like El Salvador (6,117 BTC) and Bhutan (10,635 BTC).
by Darkex Research – 1 min read