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🚨 FOMC - Interest Unchanged🔮 Trump Media - Truth.Fi🔴 Crypto.com Delists USDT in EU🏦 Czech National Bank Considers Bitcoin Reserves👨🏼⚖️ Gary Gensler Returns to MIT🟠 Two Major UAE Crypto Developments
- The Federal Reserve Board has decided to maintain the federal funds rate at 4.25% - 4.5%.
- The Fed will continue reducing its holdings of Treasury and mortgage-backed securities.
- Fed Chair Jerome Powell emphasized that banks can serve Bitcoin and crypto without restrictions.
- What does this mean for Bitcoin and the broader crypto market? We share our in-depth analysis in this episode.📌 More details: FOMC Official Statement) 📺 Watch Powell’s Conference on YouTube)
- Trump Media & Technology Group (TMTG) is launching Truth.Fi, an investment initiative with up to $250 million in assets.
- The fund will include SMAs, ETFs, Bitcoin, and crypto, with Charles Schwab advising.
- CEO Devin Nunes calls it an "America-First" financial ecosystem.
- Expected launch: 2025, pending regulatory approvals. 📌 More info: Global Newswire)
- To comply with the Markets in Crypto Assets (MiCA) regulations, Crypto.com will delist Tether’s USDT and nine other assets in the EU.
- Other assets affected: Wrapped Bitcoin (WBTC), PayPal USD, DAI, and staked versions of ETH & SOL.
- Key deadlines:
- Jan 31: USDT purchases suspended.
- Mar 31: Non-compliant assets will be automatically swapped into MiCA-compliant alternatives. 📌 More info: DLNews)
- Governor Aleš Michl suggests allocating 5% of CNB’s reserves (~$7B) to Bitcoin.
- Motivations: Diversification, low bond correlation, and growing institutional interest.
- If approved, CNB could be the first Western central bank to hold Bitcoin. 📌 More info: Reuters)
- Former SEC Chair Gary Gensler has joined MIT Sloan School of Management as Professor of the Practice.
- He will co-direct FinTechAI@CSAIL alongside Professor Andrew W. Lo.
- Focus areas: AI, finance, fintech, and public policy. 📌 More info: MIT Announcement)
- ⚡ Solana Launches Dubai Crypto Economic Zone
- ⚡ Tokinvest & stegx.finance Partner to Revolutionize Tokenized Asset Markets
🎧 Listen now on Blockchain DXB! Stay ahead of the latest crypto trends with our AI-powered insights. 🚀
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