Fed chair Powell agrees to help end crypto debanking

Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle. Speaking at a Senate Banking Committee hearing on Feb. 11, Powell said it was time for agencies to reassess reports of crypto businesses being denied access to the U.S. banking system. Crypto industry leaders […]

Powell’s crypto turn—How the Fed and institutions back Bitcoin

Following its January 28-29 meeting, the Federal Reserve kept interest rates unchanged, stating that it would wait for more substantial progress on inflation before considering any further cuts. However, what caught markets by surprise was Fed Chair Jerome Powell’s unexpectedly positive comments on crypto—his most accommodating stance on digital assets to date.   Editor’s note: […]

Bitcoin ETF weekly inflows dropped 68% amid Fed interest rate decision and Deepseek scare

Inflows into spot Bitcoin exchange-traded funds in the United States sharply tapered off over the past week amid the Fed’s decision on interest rate cuts and a broader risk-off sentiment among investors following concerns over China’s launch of the AI platform Deepseek. According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced a significant […]