Gate Cryptocurrency News and Market Analysis

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Whos FOMC debut! Nine-dot-plot consensus expects a rate hike; Bitcoin falls to $64,608

Bitcoin fell to $64,608 on June 18, after the FOMC unanimously decided on Wednesday to keep the federal funds rate unchanged at 3.50%-3.75%. However, the latest dot plot shows a major shift: nine officials are expected to raise rates at least once within the year (no officials supported a rate hike in March). The CME “FedWatch” tool shows the probability of a December rate hike rising to 78%. Waller said at the press conference that he did not submit his rate dot-plot forecast. Dramatic shift in
MarketWhisper·4m ago
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Fed Chair Walsh Announces Five Monetary Policy Reform Working Groups

Fed Chair Walsh announced the formation of five specialized working groups focused on monetary policy reform during a post-meeting press conference on June 18 (Beijing time early morning). Walsh, who positions himself as a reformer, unveiled the initiative at his first press conference as the new Fe
LucasBennett·1h ago

Ethereum Reflects on 10-Year Anniversary of The DAO Attack

The Ethereum community reflects on the 10-year anniversary of The DAO attack, which occurred on June 17, 2016, resulting in the loss of 3.6 million ETH, valued at approximately $6.26 billion. The exploit targeted a vulnerability that had been flagged weeks earlier but remained unaddressed due to
CryptoFrontier·1h ago

SocGen: Gold Upside Capped by Persistent Inflation and Higher Rates

Société Générale commodity analysts predict gold prices will face limited medium-term upside despite declining real yields and a weaker dollar, as strong equity markets continue to attract investors to risk assets. The French banking giant attributes this outlook to persistent inflation,
LucasBennett·1h ago

Virtuals Protocol Announces Memory Infrastructure for AI Agents

Virtuals Protocol announced the development of new memory infrastructure designed to address long-horizon memory challenges for working agents. The company made the announcement via tweet, which received considerable attention. Virtuals Protocol operates at the intersection of artificial
OliverGrant·1h ago

U.S. Pending Home Sales Rise 3.8% in May, Beating Forecasts

The National Association of Realtors announced on Wednesday that the U.S. pending home sales index rose 3.8% in May, surpassing the 0.8% forecast. Year-over-year pending home sales increased 4.8%, exceeding the 3.0% expectation, with gains across all regions including the Northeast, Midwest,
LucasBennett·2h ago

SpaceX Appoints Sequoia's Roelof Botha to Board After Record IPO

SpaceX appointed Roelof Botha as an independent director and audit committee member, according to a Wednesday filing with the SEC. The appointment came less than a week after CEO Elon Musk led the rocket maker through a record IPO. Botha, a longtime Musk ally who worked with him at PayPal in 2000, w
LucasBennett·2h ago

Trader Garrett Jin Sells $13.5M HYPE, Holds $83M BTC and $25M ZEC Longs

Trader Garrett Jin sold 184,102 HYPE tokens worth approximately $13.55 million at roughly $73.6 each, securing a $2.83 million profit, according to blockchain analytics platform Lookonchain. He subsequently opened a long position on UNI, the governance token of decentralized exchange Uniswap,
HYPE-0.45%
BTC-1.88%
ZEC-4.76%
UNI-6.42%
CryptoFrontier·2h ago