DailyHaal

The Federal Reserve cut rates by 25 basis points as expected, but Fed Chair Jerome Powell’s hawkish press conference What to know: The U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to the 4.25%-4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points of … Read more

PENGU’s debut sparked a surge on the Solana blockchain, resulting in more transactions than the combined activity of other leading blockchains. What to know: Solana’s network activity lit up on Tuesday as the Pudgy Penguins NFT project debuted its native token, PENGU, on the programmable blockchain. The layer 1 blockchain, considered a cheap alternative to … Read more

XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors. What to know: A bitcoin (BTC) slump spiraled into over $700 million worth of liquidations across futures tracking major tokens, with XRP and dogecoin (DOGE) products recording unusually high losses. BTC fell under $100,000 in late … Read more

Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020) What to know: Bitcoin (BTC) set a fresh record above $106,000 earlier Monday, with traders now targeting the $120,000 level as the … Read more