Bitcoin Retakes $35K After FOMC as Solana’s SOL Leads Sharp Altcoin Rally
The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel.
Financial
Solana Surges to 14-Month High; Sell Pressure Lingers as FTX Unstakes $67M Tokens
FTX-related wallets unstaked and transferred millions of tokens to exchanges, which could exert some selling pressure for the asset, one observer said.
Team Behind Celsius Bidder NovaWulf Starts New Firm Called Valinor
Former NovaWulf employees Connor Dougherty and Lily Yarborough are spearheading Valinor, with the continued support and collaboration of two former NovaWulf partners.
The Protocol: Celestia Airdrop Gets Crypto Users Asking About Starknet Despite No Similar Plans
In this week’s edition of The Protocol newsletter, we explain the mechanics (and roots) behind the “data availability” network Celestia, and its new TIA tokens, and turn our eyes to Starknet’s STRK tokens, which aren’t trading yet but are already being awarded to early contributors.
Federal Reserve Leaves Rates Unchanged; Bitcoin Flat at $34.5K
Market participants will now turn to Fed Chair Jerome Powell’s post-meeting press conference to glean insight into the future path of U.S. central bank policy.
SEC Charges SafeMoon Team With Fraud, Offering Unregistered Crypto Securities
The team bought luxury cars and homes with funds that they told investors were “locked,” according to the regulator.
Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus
The funding will be used for the company’s ambitions in zero-knowledge machine learning, combining aspects of zero-knowledge cryptography with artificial intelligence or AI.
3 Greenshoot Sectors in the Blockchain Space
From “AI x blockchain” and zero-knowledge proofs to Bitcoin ordinal projects, there are plenty of bright spots in the Web3 ecosystem, despite the market volatility and regulatory problems of the last few months, says Paul Veradittakit, managing partner at Pantera Capital.
Bitget Embroiled in Bitter $10M Dispute With Floki Over TokenFi Memecoin Listing
Floki Inu alleges that Bitget created a $10 million hole by selling tokens that it didn’t hold, effectively creating a synthetic short position.
Why Momentum Trading Works In Crypto
Crypto markets have specific characteristics that align with a strategy of riding momentum in price movements, says Todd Groth, head of research at CoinDesk Indices.