$BTC Bitcoin, Ethereum Waver as Fed Delivers Third Rate Cut
IN brief
The Federal Reserve cut its benchmark rate by 0.25% on Wednesday, causing $BTC Bitcoin to dip 1.4% to around $92,000 while Ethereum rose slightly.
The Fed did not commit to future rate cuts and will resume buying short-term Treasury bills to maintain reserve levels.
Immediately after the news was announced Wednesday, traders rate that there's only a 22% chance of another rate cut in January.
Bitcoin changed hands around $92,000 following the Fed’s decision, down 1.4% over the past day, according to crypto price aggregator CoinGecko. Ethereum had gained 0.6% in the past day to trade just above $3,300, while Solana had dropped 3.2% since yesterday.
Night owl $BTC bitcoin traders: Soon there'll be an ETF just for you
Key Points
The Nicholas $BTC Bitcoin and Treasuries AfterDark ETF would trade bitcoin-linked financial instruments outside normal U.S. market hours.
It would use at least 80% of the value of its assets to trade bitcoin futures, bitcoin exchange-traded funds and exchange-traded products, and options on ETFs and ETPs.
Crypto-based funds have boomed in the U.S. following the approval of the first spot bitcoin ETFs in January 2024.
Strive Starts $500M Preferred Stock 'At-The-Market' Program for $BTC Bitcoin Purchases
What to know:
Strive announced a $500 million at-the-market offering to fund further bitcoin purchases.SATA, the company's preferred stock, offers a 12% dividend and trades below its $100 par value.Proceeds from the offering may also be used for buying income-generating assets or company acquisitions.Strive (ASST), a publicly traded $BTC bitcoin BTC$92,590.65 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally modeled after Strategy’s (MSTR) STRC money market style
WOOO Eric Trump's American $BTC Bitcoin and Anthony Pompliano's ProCap Add to BTC Holdings
What to know:
American $BTC Bitcoin (ABTC) added 416 bitcoin in the past week, raising its holdings to 4,783 coins.
ProCap Financial (BRR) — whose SPAC merger was completed last week — marginally lifted its holdings to 5,000 bitcoin.
The company, majority owned by bitcoin miner Hut 8 (HUT), now holds 4,783 BTC, according to a Wednesday press release. BRR is also up modestly in early trading, though down more than 60% over the past several days.
BlackRock Officially Files for iShares Staked $ETH ETH ETF
to be announced, but the Trust can select more than one, and Coinbase is likely be selected as a major provider.
Separate Structure: At this time, BlackRock's new ETHB ETF will remain separate from its existing ETHA ETF, with holds roughly $11B in Ether.$ETH #BinanceBlockchainWeek # ETHB is a standalone fund built intended to deliver staking rewards to public-market investors.
Unknown Fees: BlackRock has not yet disclosed the fee structure for ETHB, but has indicated that it will charge both management and staking fees. For comparison, BlackRock's ETHA charges a relatively negligible annual management fee of 0.25% per year, which current ETH staking yields more than compensate.
$BTC Binance Founder CZ Says the 4-Year $BTC Bitcoin Cycle Is Over — Predicts a Potential Bitcoin Supercycle
While he touched on personal experiences, from his legal challenges in the United States to his pardon from President Donald Trump, his remarks consistently returned to the trajectory and potential of Bitcoin.
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul The $BTC bitcoin miner extended maturities, reduced coupon costs and strengthened its capital structure.
What to know:
IREN completed a refinancing deal involving a $2.3 billion convertible senior notes offering and a $544.3 million repurchase of existing notes.
The new notes include $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033, and a $300 million greenshoe allotment.
The transactions provided $2.27 billion in net proceeds, reduced IREN's cash coupon burden, and extended its debt maturity profile.
The new issuance includes $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033 and a fully exercised $300 million greenshoe to meet excess demand.
$ETH ETH, ADA, SOL Steady as Time Zone Data Shows Europe Drove Deepest Bitcoin Sell-Off Since 2018
What to know:
Bitcoin steadied near $90,400 after a turbulent November, with Europe leading the sell-off.
Strategy acquired 10,624 BTC, increasing its holdings to 660,600 BTC, amid concerns of potential index removal.
The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
BTC rose 1% over the past 24 hours while ether added 0.2%, according to CoinGecko. Major altcoins were mixed; BNB gained nearly 1%, SOL slipped 0.6% and XRP edged lower. The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
What's Your New Path $BTC Bitcoin, $ETH Ethelium Or ?
Divided Fed ponders US interest-rate cut at end of tumultuous year
After the six-week government shutdown briefly shuttered the Bureau of Labor Statistics, the federal agency that collects economic data on prices and employment, Fed officials have less data to make their decision.
We know, we know, we know …
Seeing these messages is annoying. We know that. (Imagine what it’s like writing them.
But it’s also extremely important. One of the Guardian’s greatest assets is its reader-funded model.
1. Reader funding means we can cover what we like. We’re not beholden to the political whims of a billionaire owner. No-one can tell us what not to say or what not to report.
2. Reader funding means we don’t have to chase clicks and traffic. We’re not desperately seeking your attention for its own sake: we pursue the stories that our editorial team deems important, and believe are worthy of your time.
3. Reader funding means we can keep our website open, allowing as many people as possible to read quality journalism from around the world – especially people who live in places where the free press is in peril.
$BTC Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
What to know:
$BTC Binance has received authorization from Abu Dhabi Global Markets (ADMG) to operate under a comprehensive exchange, clearing, and brokerage framework.
The approval allows Binance to structure its operations into three regulated entities under the Nest brand, covering exchange, clearing, and trading functions.
Binance's presence in Abu Dhabi aligns with regulatory standards and underscores the region's role as a hub for financial innovation.
Binance has secured authorization from Abu Dhabi Global Markets (ADGM), Abu Dhabi's special economic zone for finance, to operate under a comprehensive exchange, clearing, and brokerage framework according to a press release from Binance.
Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity
What to know:
Two long-dormant bitcoin wallets tied to physical Casascius coins moved 2,000$BTC BTC ($180M) after over a decade of inactivity.
The Casascius coins were designed as offline cold storage, containing embedded private keys, but the project was shut down in 2013 due to regulatory pressure from FinCEN.
The recent transfers' purpose is unclear, but could be linked to degrading physical components or precautionary moves to preserve access.
The coins had been untouched since 2011 and 2012, when bitcoin was trading for less than $15 versus today's price just shy of $90,000. The movement was confirmed by a blockchain explorer tracking the addresses.
$XRP XRP trades under pressure as ETF inflows fail to lift sentiment
XRP trades amid increasing downside pressure, as steady ETF inflows fail to shift sentiment.
Retail demand remains suppressed as Open Interest in the derivatives market stabilizes at around $3.71 billion.
trading at $2.06 at the time of writing on Friday. Reversal below the prevailing market level will likely extend the pullback to Monday’s low of $1.98
XRP ETFs have cumulative inflows of $887 million and net assets of $881 million. A break above $1 billion would mark the next milestone and possibly set the stage for larger inflows.
Three Binance $BTC Bitcoin charts point to the direction of BTC’s next big move
Bitcoin’s (BTC) short-term trend may hinge on developments Three Binance-linked metrics indicated rising sell-side pressure, shifting liquidity behavior and a market preparing for volatility, factors that could determine whether BTC holds support or enters a deeper correction.
Key takeaways:
$BTC Bitcoin whale deposits into exchanges are rising, signaling elevated profit-taking risk.
BTC inflows to Binance have matched 2025 highs, which have historically preceded longer pullbacks.
USDt deposits on Binance reached yearly highs, indicating that traders are repositioning themselves ahead of potential volatility.
BTC Whale ratio rebound warns of distribution pressure