Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity.
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Eighteen out of 20 cryptos in the index posted losses last week, led by Polkadot’s 15% fall.
The securities regulator, Treasury Department and U.S. derivatives watchdog are all hoping to get more funding to deal with new duties policing the digital assets sector.
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market concern of a more hawkish stance.
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.
After the scandals and regulatory headaches of the last market cycle, crypto is growing and embracing the needs of institutions entering the digital assets space.
Spot BTC ETFs witnessed record outflows on Tuesday, provisional veri from Farside show.
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
