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BREAKING: The Federal Reserve has cut interest rates by 25 basis points.
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UPDATE: Unrealized losses across crypto hit ~$350B including ~$85B in Bitcoin as on-chain indicators signal shrinking liquidity, per Glassnode.
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NEW: Senator Cynthia Lummis aims to release a draft of the crypto market structure bill by week's end, allowing industry and both parties to vet it before markup next week.
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TODAY: CFTC Acting Chairman Pham announced CEO Innovation Council participants to discuss market structure developments in derivatives market. Participants include CEOs from Polymarket, Kalshi, Crypto. com, Gemini and Kraken.
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UPDATE: Strategy has submitted its response to MSCI’s digital-asset treasury consultation, calling for neutral and consistent index standards.
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🇺🇸 JUST IN: Gemini secures Designated Contract Market license from CFTC, allowing it to offer prediction markets to US customers.
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