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Ethereum achieves local ATH in Japan and Korea, supported by domestic demand and institutional ETH acquisition strategies.
Share link:In this post: An Indian high court has denied the bail petition of a suspect involved in a crypto investment fraud of about $240 million. The court denied him bail because of the severity of the crime and its impact on society. Indian police reveal the modus operandi of the fraudulent group.
Share link:In this post: TRM Labs has revealed that the Embargo ransomware group has moved $34 million in illicit funds since April 2024. The blockchain intelligence firm said the group attacks industries in the critical sector in the United States. The United Kingdom has moved to initiate laws against ransomware payments in the public sector.
Share link:In this post: Indian authorities have warned that the youth demographic of its population is being used to move illegal funds out of the country. Criminal elements are offering innocent youths incentives to use their accounts to move fraudulent funds. Police have arrested about 60 young men as they continue to investigate the growing issue.
Share link:In this post: XRPL EVM launched with big promises but has just $100k in TVL and $3.2k in daily volume. Ripple’s RLUSD stablecoin has a tiny slice of the $271B stablecoin market. Ripple made political and regulatory progress, but its flagship products still haven’t gained real adoption.
Share link:In this post: A California lawsuit seeks to force Microsoft to keep supporting Windows 10 for free until less than 10% of such systems are in circulation. Around 700 million PCs still run Windows 10, including 240 million that cannot upgrade to Windows 11 due to hardware limits. The plaintiff claims that Microsoft’s decision is intended to increase hardware sales and adoption of its AI tools, such as Copilot.
- 18:29Federal Reserve Dot Plot: Overall More Dovish, One Official Expects 150 Basis Points Rate Cut This YearChainCatcher news, according to Golden Ten Data, the Federal Reserve dot plot shows that among 19 officials, 1 official believes there will be no rate cuts in 2025, 6 officials believe there should be a cumulative rate cut of 25 basis points, 2 officials believe there should be a cumulative rate cut of 50 basis points, and 9 officials believe there should be a cumulative rate cut of 75 basis points. Most likely, one official from Milan expects a significant rate cut of 150 basis points in 2025 and believes there will be at least two more significant rate cuts within the year.
- 18:29Federal Reserve economic projections indicate downside risks to real GDPAccording to Golden Ten Data, ChainCatcher reported that the charts in the Federal Reserve's economic outlook show that most participants believe the uncertainty facing actual GDP is higher, with risk expectations skewed to the downside.
- 18:17The probability of a Fed rate cut in October is risingAccording to Jinse Finance, after the FOMC statement, U.S. interest rate futures expect a 94% probability that the Federal Reserve will cut rates in October, compared to 71.6% before the statement.