๐จ Institutional Crypto News Today
๐ The Federal Reserve raises rates โ The Federal Reserve raised the benchmark interest rate by 25 basis points to 4.00%, the first increase since 2023. The markets reacted relatively calmly to the news, but tighter financial conditions remain a hidden pressure on risky assets. (CoinMarketCap)
โ๏ธ The CLARITY bill fails in the Senate โ The U.S. Senate rejected it by a one-vote margin (49-50), opening the debate over the Digital Asset Market Clarity law, which aimed to split regulatory authority between the CFTC and the SEC. This rejection caused Bitcoin to fall by nearly 3% and Ethereum by 5%. Despite that, CFTC Chair Mike Selig said the agency is ready to move forward with new crypto regulations independent of Congress. (CoinMarketCap)
๐ฆ Wall Street goes on-chain โ The SEC held a roundtable on September 17 with major players such as BlackRock and Nasdaq to discuss moving stock trading onto the blockchain. Competition is intensifying between Ethereum and Solana to become the infrastructure for 24/7 stock trading. (CoinMarketCap)
๐๏ธ Deutsche Bank enters custody โ Deutsche Bank plans to launch a digital asset custody service for institutional clients in Europe this year, pending regulatory approval.
๐ฐ Aave breaks the billion โ Aave V4 surpassed $1 billion in deposits (a new all-time high) and is preparing to launch a specialized RWA lending market on Avalanche, allowing institutions to borrow against tokenized financial assets.
$ETH $ZEC $SOL
๐ The Federal Reserve raises rates โ The Federal Reserve raised the benchmark interest rate by 25 basis points to 4.00%, the first increase since 2023. The markets reacted relatively calmly to the news, but tighter financial conditions remain a hidden pressure on risky assets. (CoinMarketCap)
โ๏ธ The CLARITY bill fails in the Senate โ The U.S. Senate rejected it by a one-vote margin (49-50), opening the debate over the Digital Asset Market Clarity law, which aimed to split regulatory authority between the CFTC and the SEC. This rejection caused Bitcoin to fall by nearly 3% and Ethereum by 5%. Despite that, CFTC Chair Mike Selig said the agency is ready to move forward with new crypto regulations independent of Congress. (CoinMarketCap)
๐ฆ Wall Street goes on-chain โ The SEC held a roundtable on September 17 with major players such as BlackRock and Nasdaq to discuss moving stock trading onto the blockchain. Competition is intensifying between Ethereum and Solana to become the infrastructure for 24/7 stock trading. (CoinMarketCap)
๐๏ธ Deutsche Bank enters custody โ Deutsche Bank plans to launch a digital asset custody service for institutional clients in Europe this year, pending regulatory approval.
๐ฐ Aave breaks the billion โ Aave V4 surpassed $1 billion in deposits (a new all-time high) and is preparing to launch a specialized RWA lending market on Avalanche, allowing institutions to borrow against tokenized financial assets.
$ETH $ZEC $SOL
