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Quick Take POP Culture Group (ticker CPOP) purchased its first 300 BTC, worth about $33 million. The firm plans to build a “diversified cryptocurrency fund pool” that will include other high growth assets and tokens related to “the Web3 pan-entertainment track.”
Quick Take The Polygon Foundation confirmed that a hard fork intended to resolve a finality issue “has been successfully completed.” On Wednesday, Polygon PoS experienced 10–15 minute delays in recording block “milestones” after a bug was detected.
Quick Take In a keynote speech to the Organization for Economic Co-operation and Development, SEC Chair Paul Atkins said entrepreneurs and investors should be able to raise capital onchain “without endless legal uncertainty.” Atkins also reiterated the stance that “most crypto tokens are not securities” and fall outside the agency’s remit.
Apple’s new TCE feature blocks side-channel leaks, shutting down another pathway hackers often use to steal private wallet data.
- 08:06Analyst: The Federal Reserve appears slightly hawkish, gold may pull back to $3,600 in the short termJinse Finance reported that Marex analyst Edward Meir stated, "The Federal Reserve's overall stance on interest rates is slightly hawkish, and they are not truly enthusiastic about supporting rate cuts. Therefore, we have seen the US dollar strengthen after the Fed meeting, and US Treasury yields have also risen... I think in the short term, gold prices may be a bit overbought and could further retreat to the $3,600 mark."
- 07:47Hawkish Fed expectations drive USD/JPY surgeAccording to ChainCatcher, citing Golden Ten Data, after the Federal Reserve's rate cut, the US dollar weakened across the board. The Japanese yen once rose, but ultimately the USD/JPY exchange rate erased all losses and surged. The FOMC dot plot shows that two more rate cuts are expected in 2025, while the market expects three. Federal Reserve Chairman Powell described the rate cut as a "risk management" action, and future data will be key. Strong data may trigger a hawkish shift in rate expectations, supporting the dollar, while weak data may continue to put pressure on it. The rise in the yen was mainly driven by market expectations of a dovish Federal Reserve.
- 07:26Bloomberg Analyst: DOGE Spot ETF and XRP Spot ETF Issued by REX-Osprey to Be Listed on ThursdayChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that the DOGE spot ETF and XRP spot ETF issued by REX-Osprey will be listed on Thursday. In addition, the TRUMP spot ETF and BONK spot ETF have also submitted registration, but the launch dates have not yet been announced. It is worth noting that, unlike the Bitcoin and Ethereum spot ETFs which previously required a lengthy approval process, these funds utilize the Investment Company Act of 1940 (commonly known as the "40 Act"). This framework provides a streamlined path for products, including enhanced investor protections for custody, governance, and transparency—features that regulators view positively.