๐จ HUGE: The House Ways and Means Committee just passed the Digital Asset Tax Certainty Act, moving forward a clearer tax framework for crypto.
Yoni Crypto
Yoni Crypto
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๐บ๐ธ FED CHAIR WARSH: Todayโs decision was the right step to secure price stability, backed by the fundamental strength of the U.S. economy.
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Yoni Crypto
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WARSH: โThe economy has clearly gained strength. The underlying growth trend is stronger. But inflation remains the key challenge.โ
Yoni Crypto
Yoni Crypto
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๐บ๐ธ SEPTEMBER FOMC SUMMARY:
โข Economy gained momentum via solid consumer spending, strong business investment, and near full-employment labor market
โข Warsh said financial conditions arenโt clearly restrictiveโa shared FOMC view
โข Fed raised rates to remove monetary accommodation and align policy goals
โข Inflation remains โunacceptably high,โ with summer data showing little improvement
โข With job market steady, focus is clearly on restoring price stability
โข Warsh avoided signaling future moves, stating heโs โnot in the forward-guidance businessโ
โข Policy will follow broader trends; reacting to single data points is โdangerousโ
โข Strong growth, persistent inflation, and geopolitical risks backed unanimous decision
โข Warsh denied markets drove the hike, calling it an independent, deliberate Fed action
โข Fed doesnโt need to weaken labor market to meet inflation goals
#FOMC #FederalReserve #Inflation
Yoni Crypto
โข Economy gained momentum via solid consumer spending, strong business investment, and near full-employment labor market
โข Warsh said financial conditions arenโt clearly restrictiveโa shared FOMC view
โข Fed raised rates to remove monetary accommodation and align policy goals
โข Inflation remains โunacceptably high,โ with summer data showing little improvement
โข With job market steady, focus is clearly on restoring price stability
โข Warsh avoided signaling future moves, stating heโs โnot in the forward-guidance businessโ
โข Policy will follow broader trends; reacting to single data points is โdangerousโ
โข Strong growth, persistent inflation, and geopolitical risks backed unanimous decision
โข Warsh denied markets drove the hike, calling it an independent, deliberate Fed action
โข Fed doesnโt need to weaken labor market to meet inflation goals
#FOMC #FederalReserve #Inflation
Yoni Crypto
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๐จ UPDATE: Todayโs vote in the US House Financial Services Committee on a bill to create a federal Strategic Bitcoin Reserve has been postponed.
Yoni Crypto
Yoni Crypto
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๐บ๐ธ TRUMP: The U.S. should have interest rates at 1% or lower, saying America boasts the strongest credit globally and is currently propping up other nations.
โLOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!โ
Yoni Crypto
โLOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!โ
Yoni Crypto
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๐บ๐ธ BREAKING: The U.S. House Financial Services Committee approves H.R. 8957 by a 28โ21 voteโa bill proposing the creation of a Strategic Bitcoin Reserve.
Yoni Crypto
Yoni Crypto
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๐จ JUST IN: U.S. mortgage purchase applications have plummeted to levels not seen since 1995.
Yoni Crypto
Yoni Crypto
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๐บ๐ธ TRUMP: โI believe the Fed should remain independent, but hereโs my take โ and I know a lot about this โ interest rates are too high.โ
Yoni Crypto
Yoni Crypto
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๐บ๐ธ NOW: Senator Kirsten Gillibrand and six fellow Democratic lawmakers have reaffirmed their dedication to advancing the CLARITY Act, stating in a joint statement:
"This week was a setback, but not the end of that important work."
Yoni Crypto
"This week was a setback, but not the end of that important work."
Yoni Crypto
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๐จ UPDATE: Hackers claiming responsibility for a Revolut data breach are demanding a $3 million ransom in Monero within 24 hours, threatening to sell sensitive customer data, according to the FT.
Yoni Crypto
Yoni Crypto
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BIG: Russiaโs largest exchange, the Moscow Exchange, will launch perpetual futures on BTC, ETH, SOL, XRP, and TRX indices on September 22. Initially available exclusively to qualified investors.
Yoni Crypto
Yoni Crypto
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๐ฅ INSIGHT: According to CryptoQuant, fewer Bitcoin holders are now in the red โ signaling that a return to bear market conditions is becoming less and less likely.
Yoni Crypto
Yoni Crypto
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๐ช๐บ JUST IN: Eurozone inflation climbed to 3.2% in August, up from 2.9% the previous month.
Yoni Crypto
Yoni Crypto
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๐ฅ JUST IN: S&P Global has reached an agreement to acquire OpenZeppelin, a leading smart contract security firm.
Yoni Crypto
Yoni Crypto
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๐บ๐ธ BREAKING: SEC grants temporary exemption for limited trading of tokenized U.S. stocks on regulated on-chain platforms.
Yoni Crypto
Yoni Crypto
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๐ฅ WATCH: The traditional four-year cycle may no longer be the best way to time the Bitcoin market, says analyst James Check.
He argues that multiple onchain indicators now suggest Bitcoin has already reached its bottom.
https://www.youtube.com/watch?v=6378ivSt6Ik
Yoni Crypto
He argues that multiple onchain indicators now suggest Bitcoin has already reached its bottom.
https://www.youtube.com/watch?v=6378ivSt6Ik
Yoni Crypto
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