Kraken becomes the first crypto-native firm to secure a Federal Reserve master account, gaining direct access to the U.S. central bank’s core payment rails.
Fed Governor Christopher Waller said bitcoin and crypto remain largely separate from the traditional financial system, viewing their volatility as a market feature rather than a systemic risk.
President Donald Trump announced pro-bitcoin Kevin Warsh as his nominee to serve as chairman of the Federal Reserve, confirming speculation from prediction markets.
The bitcoin price fell to $86,000 over the weekend but has steadied to around $87,850 amid caution over Federal Reserve policy, recent liquidations, and technical pressure.
The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%–3.75% to support maximum employment and curb somewhat elevated inflation amid moderate economic growth and slowing job gains.
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