The CFTC invoked emergency powers to keep Kalshi operating amid its legal dispute with New York. The commission classified New York’s enforcement action and temporary restraining order request as a market emergency. It directed Kalshi to continue operations under the Commodity Exchange Act and its Core Principles. New York seeks
The crypto market has ended the day on a lower note. Mirroring the sentiment is Wall Street, with all three major stock indexes down. A possible factor is the US Fed rate, which has been left unchanged for the second time. In fact, it may only be changed once in
The growing conflict in the Middle East has brought the possibility of no rate cut by the US Fed in the next meeting. Oil prices are rising, and that is creating a scenario for inflation, or stagflation, in the US. Crypto prices, which have recovered significantly over a week, could
The case had dragged on for five years. The court case involved a vote by the United States Court of Appeals for the Tenth Circuit. The judges declined the case by a vote of seven to three. The case had been Custodia Bank’s last attempt to gain access to a
The Bank of Japan (BOJ) is expected to raise rates in the next quarter. While this is attributed to the ongoing Middle East conflict, reports underline that a hike was expected anyway. The US Fed may show a similar reaction, a speculation that will only be confirmed by officials over
Senator Elizabeth Warren has written a letter to the Federal Reserve and the Treasury Department, advising them not to use taxpayer dollars to bail out billionaires involved in the cryptocurrency market. It was stated in the letter that the bailout would be very unpopular with American taxpayers. The bailout may
Employment and inflation data is scheduled to be rolled out soon. Meanwhile, there is a slight chance that the US Federal Reserve may cut rates in its next meeting. An official confirmation is awaited; however, crypto prices have started showing signs of refusal to accept any major change. It could
The US Fed, or the US Federal Reserve, has decided to keep the interest rate as it is. The crypto market was earlier speculating what the decision could be, even though the majority of the sphere was confident about no rate cut. The decision comes after the US President Donald
The US Fed Chair Jerome Powell has received support from global central bankers. This comes amid the rising tension between him and US President Donald Trump. Support in such a large number has triggered anticipation of no rate cut in the January meeting. Thereby affecting the crypto market to some
Five days prior to Treasury’s deadline, the US House of Representatives overwhelmingly voted on Wednesday to boost the federal debt ceiling. With the majority of Democrats and Republicans voting in favor, the U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt limit. Also, the bill would
