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Google Play is tightening oversight on cryptocurrency wallet providers, with a new policy requiring licensing and compliance with “industry standards” in more than 15 jurisdictions — including the United States and European Union.
Canary Capital has taken the first formal step toward launching what could become the United States’ inaugural exchange-traded fund (ETF) tied to the official Trump memecoin.
Solana adoption explodes past 3 million wallets while macro tailwinds and neutral funding rates set the stage for a powerful breakout.
Quick Take In a registration statement filed on Friday, Grayscale said it was renaming the Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF. “The Shares are expected to be listed on NYSE Arca under the ticker symbol ‘GDOG,’” according to Friday’s filing.
The Federal Reserve officially terminated its Novel Activities Supervision Program, shifting crypto oversight to standard processes as Treasury rules out new Bitcoin purchases for strategic reserves.
- 20:28Mitsubishi UFJ: The Federal Reserve Has Not Entered Rate-Cut Sprint ModeAccording to ChainCatcher, citing Golden Ten Data, George Goncalves, Head of US Macro Strategy at Mitsubishi UFJ, stated that this Federal Reserve decision is the most dovish stance and has added one more rate cut in the dot plot forecast. He pointed out that the Fed has not entered a rate cut sprint mode, but rather has restarted the rate cut process due to the labor market underperforming expectations. This is also the reason why risk assets have reacted mildly. The Fed may cut rates by 25 basis points each in October and December, and a 50 basis point rate cut may not necessarily be favorable for credit. Risk Warning
- 20:28KPMG: The Federal Reserve Maintaining Current Policies Until Next Year May Lead to OverstimulationAccording to ChainCatcher, citing Golden Ten Data, KPMG Chief Economist Diane Swonk stated that the Federal Reserve is attempting to lift some restrictions to boost the labor market. However, if this policy continues into next year, when the Federal Reserve will undergo major leadership changes, there could be a risk of overstimulation. This may result in a more harmful self-fulfilling prophecy, where consumers and businesses expect higher inflation.
- 20:28Meghan Robson: The Federal Reserve will prioritize growth, which may lead to an “overheating” economyAccording to ChainCatcher, citing Jinse Finance, Meghan Robson, Head of US Credit Strategy at BNP Paribas, stated that today's Federal Reserve decision suggests a priority on economic growth over inflation, which could lead to the economy "overheating" until the inflation trajectory becomes clearer. She believes that this policy approach should currently support credit spreads.