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🌙 Crypto Markets Dip as Fed Signals Patience

Crypto liquidations totaled $511.5 million in the last 24 hours.

Author

Mike Gavela
November 15, 2024

In partnership with

Crypto Roundup - November 15

Recent developments in the cryptocurrency sector highlight significant regulatory and market dynamics. The Federal Reserve's decision to maintain current interest rates has led to a downturn in crypto markets, with Bitcoin and Ethereum experiencing notable declines. Concurrently, the Pennsylvania House is advancing legislation to establish a Strategic Bitcoin Reserve, aiming to bolster the state's financial stability through cryptocurrency holdings. In a related regulatory matter, 18 U.S. states have initiated legal action against SEC Chairman Gary Gensler, challenging the Commission's stringent enforcement measures on crypto assets.

Top Stories

  • Federal Reserve's stance on interest rates causes crypto market downturn.

  • Pennsylvania House proposes creation of a Strategic Bitcoin Reserve to enhance financial stability.

  • Eighteen U.S. states file lawsuit against SEC's crypto enforcement policies.

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TOP STORIES

Crypto Markets Dip as Fed Signals Patience on Rate Cuts - "The Defiant"

Crypto liquidations totaled $511.5 million in the last 24 hours.

thedefiant.io/news/markets/crypto-markets-dip-as-fed-signals-patience-on-rate-cuts

Pennsylvania House Moves To Create Strategic Bitcoin Reserve - "The Defiant"

Pennsylvania House representatives want to allocate up to 10% of the state's $7 billion strategic reserve assets to buying Bitcoin.

thedefiant.io/news/regulation/pennsylvania-house-moves-to-create-strategic-bitcoin-reserve

18 U.S. States Sue Gary Gensler’s SEC Over Crypto Crackdown - "The Defiant"

The SEC is facing legal backlash from 18 U.S. states and the DeFi Education Fund over for its aggressive campaign against web3 firms.

thedefiant.io/news/regulation/18-u-s-states-sue-gary-gensler-s-sec-over-crypto-crackdown

FUNDRAISING

Thetan World recebe um investimento estratégico do Blizzard Fund da Avalanche

/PRNewswire/ -- A Thetan World anunciou recentemente que recebeu um investimento estratégico do Blizzard Fund da Avalanche, um dos principais fundos de...

www.prnewswire.com/br/comunicados-para-a-imprensa/thetan-world-recebe-um-investimento-estrategico-do-blizzard-fund-da-avalanche-302306774.html

OTHER HEADLINES

GOP state attorneys general side with crypto industry in suit against SEC

Republican state attorneys general say the SEC is violating federalism with its crypto enforcement strategy.

blockworks.co/news/state-attorneys-general-side-with-crypto

Litecoin calls Solana a pussy after sassy meme coin rebrand

Litecoin, once described as the crypto silver to bitcoin's gold, is now apparently self-identifying as a meme coin.

protos.com/litecoin-calls-solana-a-pussy-after-sassy-meme-coin-rebrand

Manifold token craters 98% as founder ghosts frustrated supporters

Three-year old Ethereum protocol Manifold Finance is facing a crisis as its token plummets and frustrated supporters plead for updates.

www.dlnews.com/articles/defi/manifold-token-craters-while-founder-goes-awol

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