The European Central Bank lifts its key deposit rate by 25 basis points. The move takes the rate to 2.50% from 16 September. Main refinancing and marginal lending rates also rise.
Officials cite ongoing Middle East conflict and higher energy costs. Inflation is expected to stay well above the 2% target for an extended period. Staff now project 3.0% average inflation in 2026.
Growth forecasts edge higher on resilience. The Governing Council stresses it remains data-dependent and makes no commitment to a fixed path. $ETH $BTC $XRP #ETH #ecbraisesratessecondtimeto2.5%
Guys look at this bloodbath .... $IOST -42.97% $RVN -24.68% $XVG -21.14% humpty dumpty ..... these 3 just fell off a cliff IOST getting cut in HALF in one move? that's not a dip, that's a rug of sentiment 💀
RVN and XVG just draggin along for the ride everyone's account red today and panic selling into it but real talk.....
this is exactly the kind of chart that separates traders from bagholders
biggest bounces come right after the biggest humpty dumpty's not saying buy the falling knife ....
im saying watch how it reacts at these lows before u decide anything
manage ur risk what do u think, bottom forming or one more leg down?
The regulator grants accelerated approval to amend Rule 5711(d). Commodity-based trust shares can now hold up to 15% of net assets in digital commodities or certain securities that fall outside standard eligibility tests. At least 85% must still sit in qualifying cash, commodities or related assets.
The change also adds a formal digital commodity definition and drops the passive-management requirement. Actively managed products gain a clearer path under generic listing standards.
Sponsors of Bitcoin-heavy trusts gain more flexibility without losing streamlined listing access. The update aligns Nasdaq Texas with similar rules already approved for other exchanges. $BTC $ETH $XRP
U.S. August PPI rises less than expected in the core.
Producer prices climbed 0.4% in August, matching forecasts. The annual rate hit 5.4%. Core PPI, which excludes food and energy, rose just 0.2%. Economists had looked for a 0.3% increase.
Energy costs jumped 4.2% and powered most of the headline gain. Diesel prices surged sharply. Services prices stayed mild.
The softer core reading offers a mixed signal ahead of the Federal Reserve’s next decision. Markets weigh the data against ongoing energy pressures. $MET $FF $ETHFI #PPIData #usaugustppiriseslessthanexpected
U.S. Bank pilots its USBDC stablecoin. The fifth-largest U.S. commercial bank completes a live cross-border payment using its proprietary dollar-backed token. The transfer moves between bank entities in North America and Europe on the Stellar blockchain.
Officials test minting, redemption, freezing and clawback features. The pilot links traditional banking systems with public blockchain rails. CEO Gunjan Kedia says it speeds up global cash management.
The bank explores uses in treasury operations, liquidity and collateral. It ranks among the first major lenders to run a bank-issued stablecoin live on a public network.
The U.S. Treasury just said it will buy back up to $6 billion of long-dated bonds this week.
Yields climbed anyway. The 10-year hit 4.845%, its highest since late 2023. The two-year also jumped. Markets clearly shrugged off the move.
Bitcoin slipped back near $78,500. Stocks fell. Oil stayed strong above $101.
Treasury Secretary Bessent wanted lower long-term rates. Instead, the bond market pushed yields higher and called the bluff. A buyer who always steps in can actually invite more selling.
Guys..... look at these movers today 👇 $IOST +107% 💀 that's not a pump thats a ROCKET $SC +35% quietly waking up $PHA +25% nobody was talkin about this one yesterday
The U.S. Treasury is stepping up its game. Tomorrow it’ll buy back as much as $6 billion in longer-dated debt — specifically 10- to 20-year Treasuries.
That’s three times the usual amount and the first operation under the bigger buyback program announced last month.
They’re targeting older, less liquid bonds to support market functioning and try to ease pressure on yields, which have climbed to multi-year highs.
The 10-year is already hovering near 4.85%. Markets weren’t completely sold on the size, but it’s still a meaningful move.
Keep an eye on how this plays out Thursday afternoon