Top story
Fed Raises Rates for First Time Since July 2023 as CLARITY Vote Stalls
The FOMC lifted its target range to 3.75%-4% in a unanimous vote, while the SEC and CFTC took narrower steps on tokenized assets and blockchain records.
Top stories
People
Michael Saylor Says Bitcoin ‘₿ears’ Are Under Control
The Strategy executive chairman posted a brief comment on bearish sentiment surrounding Bitcoin.
Business
Strategy Targets 10% Annual Growth in Bitcoin Holdings Per Share
The company aims to double its Bitcoin holdings per share on a rolling basis within seven years.
Investing
U.S. Corn Futures Recover After USDA Raises Production Forecast
Corn futures reversed part of Friday’s sharp decline after higher production and yield forecasts surprised a market expecting reductions.
Investing
USDC Treasury Mints $250 Million in New Solana Supply
The 250 million USDC issuance was recorded on Oct. 12 at 5:49 p.m. ET, or 21:49 UTC.
Investing
Cramer Says S&P 500’s Four-Year Run Shows Cost of Exiting
The index gained roughly 118% from its Oct. 12, 2022, low despite rate hikes, a banking crisis, tariffs and war in Iran.
Business
Smarter Web Completes £10 Million Preferred-Share Offering
The Bitcoin treasury company will issue MORE shares on London’s Main Market, with an initial 12% annual dividend and £4 million earmarked for Bitcoin purchases.
Business
Blur Sets Nov. 12 Frontend Shutdown as BLUR Falls 16.55%
The marketplace protocol will remain operational, while Blend will stop matching new loans and borrowers must repay or accept default before the deadline.
Business
Bumble Shares Jump 49.6% to $3.80
The stock closed at $3.80 after trading as high as $3.97; the potential transaction would value the dating-app company at about $1 billion.
Markets
InvestingU.S. Corn Futures Recover After USDA Raises Production Forecast
Corn futures reversed part of Friday’s sharp decline after higher production and yield forecasts surprised a market expecting reductions.
Regulation
RegulationMaryland Appoints Hedera Policy Chief to Digital Asset and Blockchain Task Force
Nilmini Rubin, Hedera’s chief policy officer, joins a state panel assessing the economic and regulatory implications of blockchain technology and cryptocurrencies.
Bitcoin
PeopleMichael Saylor Says Bitcoin ‘₿ears’ Are Under Control
The Strategy executive chairman posted a brief comment on bearish sentiment surrounding Bitcoin.
Ethereum
InvestingEther Falls Below $2,500 as Price Hits $2,490 in Spot Trading
Ether traded at $2,490 on Binance at 5:59 p.m. ET Monday, down 1.15% from one hour earlier.
Stablecoins
InvestingUSDC Treasury Mints $250 Million in New Solana Supply
The 250 million USDC issuance was recorded on Oct. 12 at 5:49 p.m. ET, or 21:49 UTC.
Korea
TechnologyBattery Rooms Draw New Fire-Safety Scrutiny at Data Centers
A South Korean data-center fire led to inspections of 178 facilities, while an Oregon incident began inside a UPS cabinet and was not caused by lithium-ion batteries.
Video
LiveWatch on YouTube
AI & Tech
BusinessMicrosoft Market Cap Tops $4 Trillion as Azure Growth Supports AI and Cloud Confidence
Microsoft’s cloud revenue rose 43% year over year in the June quarter, while commercial remaining performance obligations reached $678 billion.
TechnologyBinance Launches AI Market Assistant With Personalized App Tools
RegulationMaryland Appoints Hedera Policy Chief to Digital Asset and Blockchain Task Force
Dell, Intel Executives Describe Rising Enterprise AI Costs as Agents Scale
Nvidia Brings Meta and Google Into New AI Networking Push
RWA
InvestingUSDC Treasury Mints $250 Million in New Solana Supply
The 250 million USDC issuance was recorded on Oct. 12 at 5:49 p.m. ET, or 21:49 UTC.
