The On the Margin newsletter by Blockworks.co highlights the anticipation surrounding the rate decision by the Federal Reserve (Fed) and its potential impact on Bitcoin and traditional assets. The Fed is expected to cut rates, with a 59% probability of a 50 basis points (bps) reduction according to CME Group's FedWatch tool. Analysts have differing opinions on the rate cut, with some suggesting a 25bps cut would be viewed positively by the market while a 50bps cut may increase volatility. Some politicians have even requested a more aggressive 75bps cut. Despite the uncertainties, analysts remain bullish on crypto in the long-term due to ongoing institutional demand and the debasement of fiat currencies. The newsletter also mentions Janus Henderson's entry into the tokenization space with its participation in a tokenized Treasury fund.
CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why!
Former Celsius CEO Mashinsky seeks testimony from six witnesses as he faces 115-year prison sentence
Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons