First Mover: Federal Reserve Soup Now Includes Bitcoin, DeFi, Silver, GameStop
Market news from crypto to Wall Street is all over the place.
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As bitcoin trades in a range, traders are studying the "Grayscale premium" and watching traditional markets for clues to the next market move.
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims to provide financial stability but notes there are some things in capital markets that are a bit frothy. Fed Chair on Inflation: The committee Seeks Inflation Moderately Above 2% This week the FOMC meetings have shown....
Digital-market traders found amusement in the GameStop saga. They also saw an opportunity for self-reflection. Here's what Niall Ferguson, Caitlin Long, Mati Greenspan and Jonathan Mohan said.
The GameStop-galvanized "bear raid" by retail stock traders appears to have terrified Wall Street, but crypto-industry marketeers are salivating over the prospect of new customer leads, and more demand.
Tonight, on The Andy Milonakis NFT Show: It’s Goat Soup time. Milonakis announced the title of his first serious NFT collection and released the first sample, pictured above. The Goat Soup team chose pixel art and a 24×24 format because the project is 100% on chain. That means, their pieces have to be light because […]