Browsing: Points

Bitcoin is experiencing a surge in interest in the ETF space, particularly as Eric Balchunas notes the generational shift favoring cryptocurrencies over traditional investments like gold. This observation highlights how Bitcoin’s appeal is growing among younger investors, with implications for future market dynamics. For more details, see Balchunas’ analysis on Twitter.

The U.S. Federal Reserve has raised its benchmark interest rate by 25 basis points, taking the federal funds target range to 3.75% – 4%.

Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act…