Latest from Helene Braun
First Mover Asia: Bitcoin Extends Losing Streak as Pelosi Taiwan Trip Passes Without Incident
ALSO: Solana's SOL token slides after wallet hack and Sam Reynolds provides an on-the-ground assessment of U.S. House of Representatives Speaker Nancy Pelosi's Taiwan trip.
First Mover Asia: Fed Fears and Pelosi Taiwan Trip Reverse Bitcoin's Recent Gains
The mood in crypto markets had turned sunnier last week, but now any bright hopes for a strong rally are fading. PLUS: The NFT market just isn't what it used to be.
What Is the Definition of ‘Recession?’ And Does Bitcoin Care?
The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.
Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’
The Treasury Secretary stressed job growth during a press conference after the release of 2Q GDP data.
GDP Falls Further in Q2, Fueling Talk of a Recession
A widely used technical definition says that two consecutive quarters of negative GDP means the economy is in a recession.
Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point
The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.
Rate Hike at Fed's July Meeting Provides a Credibility Test, With Cuts Already on Horizon
The U.S. central bank is expected to raise interest rates by 75 basis points, which many economists say is too dovish. But traders are thinking about possible rate cuts as soon as next year.
Zipmex Confirms Loans Worth $53M to Babel and Celsius
CoinDesk reported Wednesday that the exchange's financial difficulties link back to crypto lender Babel Finance.
The Fed Is Upside-Down on Inflation and That's a Big Risk
Economists say it’s hard to understand how the Fed will bring inflation down if the federal funds rate remains negative throughout the year, as shown in officials' own projections.
US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
