• Midas Crypto
  • Posts
  • 🌙 Fed Holds Interest Rates After Trio of Cuts

🌙 Fed Holds Interest Rates After Trio of Cuts

The FOMC today, as expected, held interest rates steady. The unemployment rate has “stabilized” and the labor market is “solid,” officials said. Inflation, on the other hand, “remains somewhat elevated.”

Author

Mike Gavela
January 29, 2025

In partnership with

Crypto Roundup - January 29

In recent financial and regulatory news, the Federal Reserve has decided to maintain the current interest rates, following several prior cuts, aiming to navigate a balanced economic path amid fluctuating market conditions. Meanwhile, the SEC remains cautious about new crypto ETF proposals, reflecting ongoing regulatory scrutiny as the crypto market continues to evolve. In the corporate sector, U.S. crypto firms are enhancing their payment offerings, showcasing innovations like Kraken Pay which supports various fiat and crypto currencies, pointing towards a potential growth in crypto-related transactions bolstered by favorable regulatory shifts.

Top Stories

  • Federal Reserve maintains interest rates: This decision follows a period of rate cuts and aims to provide stability in uncertain economic times.

  • SEC scrutinizes new crypto ETFs: Continued regulatory oversight suggests a cautious approach towards evolving crypto investment tools.

  • U.S. crypto firms expand payments: Innovations like Kraken Pay indicate significant growth in the crypto payments landscape, supported by an increasingly crypto-friendly regulatory environment.

SPONSORED BY
THE AI REPORT

There’s a reason 400,000 professionals read this daily.

Join The AI Report, trusted by 400,000+ professionals at Google, Microsoft, and OpenAI. Get daily insights, tools, and strategies to master practical AI skills that drive results.

TOP STORIES

Fed holds interest rates after trio of cuts 

The unemployment rate has “stabilized” and the labor market is “solid,” officials said.

blockworks.co/news/fed-holds-interest-rates-steady

Questions remain amid crypto ETF frenzy

The SEC has historically wanted to see such a regulated futures market in particular, for which only BTC and ETH currently exist.

blockworks.co/news/sec-position-new-crypto-etf-proposals

US crypto firms expand offerings as Trump takes over

Kraken Pay is only the latest product in the growing crypto payments landscape.

blockworks.co/news/us-crypto-firms-payments-offeringshttps://fortune.com/crypto/2025/01/29/domain-registration-d3-fundraise-doma-blockchain/

FUNDRAISING

Exclusive: Domain registration company D3 raises $25 million from Paradigm to launch Doma blockchain

“All the good dot coms are taken. There's about 150 million of these things.”

fortune.com/crypto/2025/01/29/domain-registration-d3-fundraise-doma-blockchain

OTHER HEADLINES

Arthur Hayes Forecasts Bitcoin Collapsing to $70,000 - "The Defiant"

The former BitMEX CEO’s bullishness has evaporated due to macro factors and the TRUMP memecoin.

thedefiant.io/news/research-and-opinion/arthur-hayes-forecasts-bitcoin-collapsing-to-usd70-000

Howard Lutnick wants Tether to get an audit

Lutnick, who's a Tether associate and Trump's nominee for commerce secretary, has said that he believes stablecoins should be audited.

protos.com/howard-lutnick-wants-tether-to-get-an-audit

Popular Solana and Bitcoin Wallet Phantom Adds Sui Support - Decrypt

Popular crypto wallet Phantom has launched support for Sui, which joins the likes of Solana, Bitcoin, and Ethereum in the app.

decrypt.co/303414/solana-bitcoin-wallet-phantom-sui

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 82,000 investors and crypto degenerates who read Midas Crypto Daily!