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Metaplanet has announced a $50 million 0% bond issuance, which it plans to use to support its Bitcoin purchase.
Quick Take Telegram is looking to raise $1.5 billion through a new bond issuance, including from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala. The move comes as the messaging firm partners with xAI to integrate the Grok AI chatbot, which will bring in $300 million through a cash and equity deal as well as subscription revenue. On Wednesday, the independent TON Foundation, which oversee development of the Telegram-focused Layer 1, hired a new vice president as it expands its paym
Quick Take Polygon Labs and GSR have incubated a DeFi-focused blockchain called Katana, which is launching in private mainnet on Wednesday. The network is designed to concentrate liquidity across its applications, including launch partners like Sushi and Morpho, helping users to generate yield. Users can start locking up ETH, USDC, USDT, or WBTC during the Katana private mainnet period will receive KAT tokens.
Avalanche (AVAX) shows early signs of a potential trend reversal as it eyes a breakout above its 18-month descending channel.
AVAX nears key resistance at $27, a breakout could spark rally toward $43 Technicals show mild bullish bias, but momentum lacks strong confirmation Rising open interest signals increased trader focus and potential price volatility
- 19:33Powell Avoids Providing September Rate Guidance as US Treasury Yields RiseAccording to Jinse Finance, the bond market is translating Powell's remarks into a sell-off of U.S. Treasuries. Since 2:30 p.m. Eastern Time, when Powell began answering reporters' questions, yields have been rising, in sharp contrast to the decline in yields that followed the Federal Reserve's earlier split decision at 2:00 p.m. to keep rates unchanged. Powell avoided giving explicit guidance for the September meeting, stating only that upcoming data would guide monetary policy. The market had previously expected the Fed to cut rates at the September meeting. As a result, the U.S. 10-year yield rose from 4.342% when Powell took the stage to 4.378%.
- 19:33Traders see less than a 50% chance of a rate cut in SeptemberAccording to Jinse Finance, traders now estimate the probability of a rate cut in September to be below 50%, compared to around 60% before the meeting.
- 19:27Analyst: Fed Rate Cut Expectations for September Cool Down, but Markets Still Seem to Be Waiting for a SignalAccording to ChainCatcher, market analysts have noted that, frankly, the current decline in U.S. stocks is surprisingly modest, with the S&P 500 currently down just 0.4%. Yesterday, the market placed a 68% probability on a Fed rate cut in September, but that likelihood has now sharply dropped to only 45%. Despite such a significant shift in policy expectations, the market has not seen a more pronounced sell-off, reflecting the resilience of investor sentiment, or perhaps investors are still waiting for further confirmation signals.