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The Crypto Father
21 فبراير 2023
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Polygon Labs has announced a 20% reduction in staff, affecting multiple teams and around 100 positions, due to strategic reasons. Severance pay for three months will be given to affected employees irrespective of their level or tenure.
#Polygon
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The Crypto Father
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Pro-Bitcoin US President Donald Trump has nudged the Central Bank to resume funding rate cuts as tariff implementations transition into the economy. He made the call in a Truth Social post on Wednesday, shortly after the FOMC meeting. Trump insisted that cutting interest rates was the best thing the Federal Reserve System (Fed) should do amid extensive tariff hikes. Notably, the president noted he would resume implementing new tariffs on most imports into the US starting from April 2, a date he termed “Liberation Day in America.” With plans in place, Trump nudged the Fed to resume rate cuts, arguing it was the right thing to do and the bank would be better off taking the approach. Meanwhile, the post came on the day that the Fed left rates unchanged. At Wednesday’s FOMC meeting, Chair Jerome Powell maintained the current interest rate, with Bitcoin and the broader market rebounding extensively from the development. Trump and Fed’s Dovish Tone Sends Bitcoin Surging While Powell announced an unchanged funding rate on March 19, his bullish tone, alongside Trump’s urge to start cutting rates, sent Bitcoin soaring. The pioneering cryptocurrency rallied 5% to an intraday high of $87,482, a price level it saw almost two weeks ago. For perspective, the Fed maintained a target funding rate range of 4.25% and 4.5% yesterday despite revising inflation up to 2.8%. The agency also disclosed a slower economic growth of 1.7% this year, down from 2.1% in December, citing the ripple effect from Trump’s tariff hikes. Nonetheless, Powell disclosed the Central Bank intends to cut rates twice in 2025 by 50 basis points. He also revealed plans to reduce the monthly Treasury redemption cap to $5 billion from $25 billion but maintain that of agency debt and mortgage-backed securities at $35 billion. This dovish development spurred a much-needed Bitcoin rebound. Notably, the broader US market also received bullish momentum, with the S&P 500, Dow 30, and Nasdaq 100 spiking considerably. #CryptoNewss
17 ساعة/ساعات
"Shiba Inu Breaks Out, Gaining Momentum for a 154% Surge to $0.0000328!"
17 ساعة/ساعات
President Donald Trump is set to make a major crypto policy announcement, according to reports from Crypto in America host Eleanor Terrett. Specifically, Trump is expected to disclose his U.S. crypto policy next steps in an address at Blockworks‘ Digital Asset Summit in New York. What to Expect from Trump Crypto Speech On Wednesday, Blockworks confirmed that Trump would address summit attendees via a recorded message at 10:40 a.m. ET on Thursday, March 20. This will make him the first sitting U.S. president to address a crypto conference. However, the specifics of the president’s planned address remain sparse. Since becoming president, Trump has repeatedly asserted that he wants the U.S. to be the leader in crypto. To this end, he has already signed two crypto executive orders. One established a crypto working group to get the ball rolling on regulations, and another to establish a strategic Bitcoin reserve and digital asset stockpile. Meanwhile, recent reports suggest that the president may be considering yet another executive order. This time, the order will address so-called crypto de-banking, which refers to hurdles the crypto industry has faced accessing banking services. Trump’s Digital Asset Summit address follows the appearance of Bo Hines, the Executive Director of the White House’s President’s Council of Advisers on Digital Assets, at the event. At the event on Tuesday, March 18, Hines reaffirmed the Trump administration’s desire to amass Bitcoin for its recently announced reserve, stating that the government wanted as much Bitcoin as it could get. While Trump is set to become the first sitting president to address a crypto conference, it is not his first time addressing one. In July 2024, he spoke at the 2024 Bitcoin conference while on the campaign trail. It was at this conference that he first disclosed his Bitcoin reserve plans. #CryptoNews🚀🔥V
17 ساعة/ساعات
#Solana price trend signals sharp recovery chances to $200 with a breakout rally amid SOL Futures ETFs hype. With Bitcoin at the $86,000 mark, Solana has reclaimed the $130 level. Amid the bullish recovery, Solana has recorded a 6% surge over the past 24 hours. With newfound momentum, the SOL price action hints at a potential breakout rally. Will this surge push SOL prices to the $200 mark? Let’s find out. Solana Price To Break Long-Standing Resistance Trendline In the 4-hour price chart, the overall Solana trend reflects a bearish influence. However, the recent comeback from the $112 swing low is projecting a high chance of a breakout rally. The prevailing downfall has created a bearish expanding channel starting from mid-January. However, the recent bullish recovery in Solana is challenging the overhead trendline close to the $135 mark. With a streak of bullish candles, the ongoing struggle close to the resistance trend line signals a high breakout potential. Furthermore, with the recent recovery, the MACD and signal lines have re-entered positive territory after the recent crossover. This results in a new wave of bullish histograms hinting at supporting the chances of a bullish breakout. Hence, the momentum indicator signals a potential extended rally in the SOL price trend. Will Breakout Rally in SOL Price Hit $200? Based on horizontal levels, the bullish breakout will likely challenge the previous resistance at $188. These levels extend the price targets to $222 and $267. However, based on the pivot levels, the short-term target is the $150 psychological mark, which coincides with the R2 resistance pivot level. On the downside, the crucial support level for Solana remains around the $117 mark, followed by the $100 psychological level, which aligns with the S2 pivot support level. #CryptoNewsFlash
18 ساعة/ساعات
"BlackRock Backs Bitcoin—Is a New Global Currency in the Making?"
18 ساعة/ساعات
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