Three big crypto stories to watch this week: Will market madness continue as Fed looks to hike rates?

ended the week down about 11%. Investors are likely to experience more turbulence heading into the open on Monday unless regulators can restore confidence.

from the Financial Times. All eyes will be on Credit Suisse and the knock-on effect the news has on markets.Speaking of markets, as banking stocks tumbled, bitcoin and ether surged. Analysts and investors will be watching closely to see whether the crypto assets maintain this rally with the Federal Reserve expected to hike interest rates on Wednesday.

Layer 2 scaling solution Arbitrum will airdrop its token on Thursday. About 12.75% of its total token supply will be airdropped to the community. The tokens will be given to those who have used the network over the last year. Offchain Labs, the developer of Arbitrum, worked with crypto data provider Nansen to design the criteria designating who should receive the airdrop, The Block

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Fed poised to approve quarter-point rate hike next week, despite market turmoilChairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation. Raising rates with all this recent news will drive an education cycle. This is how people become bitcoiners, not asking what bitcoin is but learning what dollars are. Despite recent market turmoil, the Fed's decision to raise interest rates by a quarter-point is a testament to their commitment to stabilizing the economy and maintaining long-term growth. Let's stay vigilant and focused on the bigger picture. Lol crash the economy even further 🤣👍
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stock market news today: Bank worries linger amid borrowing from FedUS stocks fall as bank worries linger after firms borrow $165 billion from Fed to shore up liquidity Dark Pool abuse has quadrupled since GaryGensler took over SECGov. Did the corrupt market makers and hedge funds know there would be no enforcement?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »