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Fed
Grayscale Takes Over Key Role for Bitcoin Trust from Genesis; UN Agency Recession Risk Warning
A United Nations agency said Monday the Fed and other central banks risk pushing the global economy into recession if officials keep raising interest rates. Plus, Grayscale Investments, which offers the world’s biggest bitcoin (BTC) trust, is bringing a key administrative role for all of its products in-house through a newly created broker-dealer unit.

We Are in the 'Middle Innings' of a Recession: Global X ETF Exec
"Given the aggressive stance that the Fed has taken in terms of raising interest rates, I think that we are probably in the middle innings of a recession," Adam Sze of Global X ETFs tells "First Mover." Plus, he explains why this crypto winter "feels different" compared to previous cycles.

Bitcoin Sinks Below $19K Ahead of Key Fed Decision
Bitcoin (BTC) slips below $19,000 ahead of the upcoming FOMC meeting this week. Adam Sze, SVP and head of digital assets at Global X ETFs, discusses global recession concerns and his outlook on the crypto markets. Plus, his prediction on the Fed's next expected interest rate hike.

More Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet
Trade The Chain Director of Research Nick Mancini joins “All About Bitcoin” to explain why bitcoin (BTC) daily sentiment has been bearish since the price fell below $21,000. Plus, his markets outlook as key Fed officials signal interest rates will likely remain high.

Bitcoin Under $21K After Powell's Hawkish Remarks; Analysts Trim Price Targets for Argo Blockchain
Bitcoin (BTC) dropped following Fed Chair Jerome Powell's hawkish speech at the annual Jackson Hole Economic Symposium. H.C. Wainwright and Jefferies analysts slashed their price targets for Argo Blockchain after disappointing guidance from the bitcoin miner's quarterly results. The wife of Alexey Pertsev, the web developer arrested in Amsterdam over alleged ties to sanctioned crypto mixer Tornado Cash, dismissed speculation her husband had links to the Russian secret service.

Fed’s Crypto Bank Guidelines; Coinhako Planning Expansion
The Federal Reserve issues guidelines for crypto banks to tap the central banking system. Coinhako is planning an expansion in Asia Pacific region. Huobi to end crypto derivatives trading in New Zealand. Tencent’s Huanhe NFT marketplace halts sales and will offer refunds.

Digital Asset Research CEO on Bitcoin Outlook Amid ‘Favorable Macro Environment’
Digital Asset Research CEO Doug Schwenk discusses his outlook for bitcoin (BTC) as the cryptocurrency continues to trend higher after this week’s cooler-than-expected U.S. inflation reading calmed fears of a more aggressive Fed monetary policy. “The macro environment is very favorable right now,” Schwenk said.

Digital Dollar Push; Tornado Cash Blacklisted
U.S. lawmakers aim to push Fed on digital dollar. Circle freezes smart contract addresses linked to blacklisted Tornado Cash. Hodlnaut freezes withdrawals, swaps and deposits. Zipmex to release specific amounts of bitcoin and ether. Extraordinary Agent Woo production company teams up with Polygon to build NFT community.

Bitcoin Drops Even as Wall Street’s ‘Fear Gauge’ Indicates Calm Ahead of Fed Decision
Bitcoin fell even as the Chicago Board of Options Exchange’s volatility index (VIX), a measure known as Wall Street’s fear gauge, showed an absence of investor anxiety ahead of the U.S. Federal Reserve’s expected 75 basis point interest rate hike.

Bitcoin Hovers Near $21K as Investors Look to Avoid Another Weekend Slump
Bitcoin (BTC) held steady near $21,000 in Friday afternoon trading. “All About Bitcoin’s” Week in Review panel weighs in on the biggest crypto news of the week that potentially drove BTC to this point, including the Fed’s plans to fight inflation.
