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Ripple (XRP) Community Speculates on Upcoming SEC Meeting Today
Ripple (XRP) Community Speculates on Upcoming SEC Meeting Today

Here’s why today (July 25) could be an important day for the Ripple v SEC case.

Cryptopotato·2024/07/25 10:35
Solana staking eats into the free supply as whales move in
Solana staking eats into the free supply as whales move in

Share link:In this post: More whales withdrew SOL for staking, as both liquid and native staking reached high records. Solana liquid staking accelerated since May, as more validators added the service. Liquid staking makes up the bulk of value locked on Solana, with more than $4.1B. JitoSOL is still the leader in liquid staking, but JupSOL by Jupiter DEX is catching up.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the info

Cryptopolitan·2024/07/25 10:34
Flash
17:42
The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday was $682.8 million.
Jinse Finance reported that on June 18, the US Federal Reserve's overnight reverse repurchase agreement (RRP) had a usage scale of $682.8 million on Wednesday (by 16 counterparties), compared to $1.0721 billion on the previous trading day.
17:15
Economics professor: US-Iran peace agreement may alter the Federal Reserve's rate hike path
According to Golden Ten Data on June 18, Professor of Economics Phil Powell stated that the Federal Reserve is expected to keep interest rates unchanged at this meeting. Powell noted that prior to the peace agreement between Washington and Tehran, financial markets were concerned about further rises in inflation, with the inflation rate already exceeding 4% due to the surge in oil prices. In the coming months, the Federal Reserve is more likely to raise interest rates rather than cut them. However, the Iran peace agreement is undoubtedly very positive news; oil prices may therefore decline more than expected, which would reduce the likelihood of a rate hike in the short term. This decision is the first interest rate decision since Walsh took office as Federal Reserve Chairman. Markets may believe that the new Federal Reserve Chairman is more willing to cut interest rates than his predecessor, but facts have proven otherwise. The Federal Reserve's decisions are based on highly technical data and procedural considerations, not emotional decisions. As for the prospects of rate cuts, Powell said that because inflation must first decline, the Federal Reserve is unlikely to lower rates before the end of this year.
16:59
Morgan Stanley: The market has already "moved past" the impact of the Iran war
Morgan Stanley's Chief Investment Officer, Mike Wilson, stated that although the temporary agreement between the US and Iran to be signed this week sets aside many of the most difficult issues in this war, investors have already begun to look beyond the US-Iran conflict. "The market has already moved past this war." Although oil prices surged during the war, they never surpassed the peak set at the outbreak of the Russia-Ukraine conflict. "We have just figured out exactly how much supply is in the market."
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