Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
Coindesk
Ripple adds XRP payments to Stripe and Tempo’s AI standard in new developer kit
The update expands support for automated payments in XRP and RLUSD, with tools that let agents pay repeatedly for services and manage wallets across blockchains.
U.S. diesel prices hit record high as bitcoin and gold struggle
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
Goldman pivots, now forecasts Fed hike in October
The Fed is likely to raise rates by 25 basis points in October, Goldman said, drawing attention to Fed’s own hawkish near term rate projections.
Revolut hackers demand $3 million in Monero, threaten to sell customer data
The group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings.
Fed raises rates by 25 basis points in first hike since July 2023
The widely expected move places the U.S. Federal Reserve’s benchmark fed funds rate range at 3.75%-4.0%.
Celsius sues BitMEX for $495 million over 2020 crash liquidations
The estate is chasing 6,360 BTC lost in the Covid crash — a leveraged long position that sits awkwardly with the lender’s delta-neutral marketing.
U.S. House’s tax committee advances crypto tax bill in wake of Clarity Act loss
The Digital Asset Tax Certainty Act would ease complicated tax burdens for everyday use of cryptocurrencies, though Trump’s industry ties spurred some pushback.
Hamas’ military wing told donors to avoid Binance. Use Bybit, OKX and others instead
Hamas’ military wing advised donors not to use Binance to handle funds but rather to use Bybit, OKX, Kast and Redotpay, according to recent U.S. Department of Justice documents.