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Markets

Polymarket’s Top Trader Bets on a 50bps Fed Rate Cut Next Week

The market expects a 25 basis point cut, with a 91% probability according to the CME's FedWatch Tool.

Casino, roulette table. (whekevi/Pixabay)

Markets

Asia Morning Briefing: Bitcoin’s Calm Masks Market Tension Ahead of Fed and CPI

Bitcoin’s tight range near $111K reflects a market bracing for U.S. CPI and the Fed’s September meeting, with prediction markets pricing a cut and traders watching whether $7T in sidelined cash rotates into crypto once volatility returns.

Federal Reserve Chairman Jerome Powell testifies Thursday before the U.S. Senate.

Markets

Grayscale Seeks SEC Nod for Bitcoin Cash and Hedera ETFs

Tuesday’s filings follow paperwork on Monday to convert the Grayscale Chainlink Trust into an exchange-traded fund.

Grayscale ad (Nikhilesh De/CoinDesk)

Markets

Bitcoin Miners Surge Following Microsoft’s $17.4B AI Bet

The big gains for players like Bitfarms, Hut 8 and Cipher Mining came despite lame price action for bitcoin.

(Shane McLendon/Unsplash)

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Finance

Ethena Joins Race for Hyperliquid's Stablecoin With BlackRock-Backed Proposal

Ethena's proposed stablecoin promises to return 95% of revenue to Hyperliquid’s ecosystem.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

‘Perpetual-Style’ Crypto Futures Coming to U.S. as Cboe Eyes November Launch

Cboe’s new derivatives aim to bring a regulatory-friendly version of perpetual futures to institutional and retail markets.

CoinDesk

Finance

easyGroup Launches Bitcoin App for U.S. Retail Investors

The mobile platform is designed to simplify buying bitcoin and gives rewards to everyday users.

COIN stock slides. (sergeitokmakov/Pixabay)

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Markets

Ether Treasury Company SharpLink Gaming Buys Back $15M in 'Undervalued' Shares

The repurchase happened as the firm's stock price fell below the net asset value of its underlying ether holdings.

Joe Lubin speaking at Consensus 2024 by CoinDesk. (Shutterstock/CoinDesk/Suzanne Cordiero)

Finance

BNP Paribas and HSBC Join Privacy-Focused Blockchain Canton

The banks have joined the Canton Foundation, the governance organization that runs the Canton Network.

HSBC and other banks in London's Canary Wharf (David Merrett/Flickr)