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The Federal Reserve has enacted the second interest rate cut of 2025, bringing the federal funds range down by 25 bps to the 3.75%- 4% range: Fed chairman Jerome Powell cited the slowdown in the US labor market as the reason for the cut but stopped short of promising another cut in December.
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Four altcoin spot ETFs, including one tracking Solana, are scheduled to begin trading in the US this week: The listings were aided by new generic listing standards and managed to go live despite SEC operations being restricted during the US government shutdown. |
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JPYC Inc. has launched Japan’s first legally recognized yen-pegged stablecoin, JPYC: The firm claims that the token is 100% backed by yen reserves and has compatibility for a number of blockchains including Ethereum and Avalanche. |
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The Mt. Gox trustee has delayed the creditor repayment deadline for a third time, just four days before the originally planned deadline: The new deadline has been set for October 31, 2026, with many creditors yet to receive their reimbursement. |
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President Donald Trump has nominated Mike Selig, head of the SEC Crypto Task Force, as nominee to lead the CFTC: If confirmed by the Senate, Selig would take the helm as Congress and regulators move to expand the body’s oversight of the digital asset sector. |
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| Perpetual futures (or perps) are a type of derivative contract that enables traders to speculate on the price movements of cryptocurrencies or other assets without owning the underlying assets. These contracts are called "perpetual" because they do not have a set expiration date, allowing traders to hold positions for as long as they choose. |
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| This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini. |
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