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The cautious stance of the Federal Reserve on interest rates has seen the probability for a rate cut tumble to a mere 0.1%. As the June FOMC meeting inches closer, traders are expecting rates to remain steady between 425 and 450 bps, but incoming economic data may sway sentiments. Chances of A Fed Rate Cut
The post Traders Bet Against Fed Rate Cut At June FOMC Meeting appeared first on CoinGape.
The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News
Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered the memecoin mania too. The top ones like Dogecoin & Shiba Inu prices are attracting decent gains, but the other memes like Brett, FLOKI, doewifhat, and Bonk have been surging with a huge margin.
Meanwhile, the rise in the TRUMP price has raised everyone’s eyebrows and has also raised concerns about whether the rally is short-lived.
Currently, TRUMP is running hot with a massive increase in the trading volume as bullish news flew in. Soon after, President Trump announced a private dinner with the top 220 holders of the token on May 22. Just a couple of days before, on April 18, nearly $300 million worth of TRUMP tokens were unlocked, and traders began to short, anticipating a pullback. However, the latest rounds of private dinner have liquidated $8.5 million of shorts. Moreover, a whale just bought nearly $5 million worth of tokens, which has pushed the price above $16 for a while.
This huge purchase suggests whether the U.S. President is indirectly compelling the investors to buy more TRUMP. It gets more shocking after joining the dots of Trump owning 90% of the TRUMP supply, the lockup period on the supply expiring, and Trump placing tariffs on the entire world and carving out exemptions for companies on a case-by-case basis. Interestingly, only 24% of the tokens have been unlocked till now, and the rest, which includes a daily unlock of 492K tokens, will last for the next couple of years.
The bulls have failed to surpass the pivotal resistance at $16.5, despite a 90% upswing and a 500% increase in the trading volume. This points towards the possibility of a short-term rally as the bears have begun to extract profits.
The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News
Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered …
Base, a Layer-2 (L2) blockchain developed by Coinbase, transitioned from a Stage 0 to Stage 1 rollup, effectively overtaking Arbitrum (ARB) as the largest Ethereum scaling solution.
Stages refer to a framework for assessing the maturity of L2 rollups, based on milestones proposed by Ethereum co-founder Vitalik Buterin.
Data on L2Beat shows Arbitrum One is no longer the largest optimistic rollup on Ethereum. L2Beat is an analytics and research website focused on Ethereum layer-2 scaling.
After a $557 million surge in TVL (Total Value Locked), Base has overtaken Arbitrum L2, with a margin of more than $710 million in total value secured (TVS).
Alongside overtaking Arbitrum One, Base has also matured from Stage 0, where the rollup is fully controlled by its operators (full training wheels).
It is now a Stage 1 rollup, featuring smart contract governance. However, because a security council remains in place to handle potential bugs, this stage features “limited training wheels.”
“Proud that Base is now stage 1 — and #1 by TVS but it’s still day one. Time to bring the world on-chain,” wrote Base creator Jesse Pollak.
This comment aligns with Base’s vision to expand the on-chain creator ecosystem, fostering virality and creativity.
Meanwhile, with Base now among Stage 1 rollups, it has effectively escaped Vitalik Buterin’s list of L2s doomed to fail. In September, Buterin flagged a select list of L2 networks doomed to fail unless they advance.
“Welcome to the full-EVM stage 1 gang Base,” Buterin remarked.
The Ethereum executive said he would only recognize L2 networks that reach stage 1+ maturity. Buterin referred to his threshold for measuring different stages of L2s based on a decentralization scale.
“Stage 1 (75% threshold on the council to override the proof system, 26%+ of the council must be outside the rollup team) is a very reasonable moderate milestone. The multisigs I am in have not had a single liveness failure in years, let alone 26%. The era of rollups being glorified multisigs is ending. The era of cryptographic trust is upon us,” Buterin explained.
This ultimatum aligned with Buterin’s vision of advancing cryptographic trust. Recently, Buterin proposed a plan to scale Ethereum’s L1 and L2 protocols in 2025.
BeInCrypto reported that he cited incentivizing L2 alignment with Ethereum’s ecosystem, such as fee burning, staking, and funding public goods.
While this is the first time Base has overtaken Arbitrum, it is not the first time it has challenged its market position. In hindsight, Base TVL surpassed $2 billion in September after 400% growth, which saw it close in on Arbitrum’s $2.6 billion TVL.
Aerodrome remains the leading protocol on Base L2. It boasts up to $830 million in TVL, up 5% in the last week. Other leading protocols on Base include Morpho, Aave, and Uniswap.
As Base takes the lead, it is impossible to forget Arbitrum’s Achilles’ Heel. The network is still digging out of an 80% crash. Key interventions to recover include token buybacks and the recently rejected Nvidia accelerator program bid.
BeInCrypto data shows Arbitrum’s ARB price has increased by 2% in the last 24 hours. As of this writing, it was trading for $0.33.
The post Base Beats Arbitrum, Escapes Vitalik Buterin’s List of Layer-2 Networks Doomed to Fail appeared first on BeInCrypto.
The post SEC’s Crypto Task Force Announces 4 Key Roundtables on DeFi, Tokenization, and More appeared first on Coinpedia Fintech News
The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance.
The roundtables, running from April to June, are part of the SEC’s ongoing effort to establish clearer and more effective rules for the crypto industry.
The first roundtable of the Crypto Task Force marked the beginning of the SEC’s effort to bring more clarity to cryptocurrency rules, which Commissioner Hester Peirce called the “Spring Sprint Toward Crypto Clarity.” The event, held last Friday in Washington, D.C., brought together crypto lawyers to discuss whether tokens should be considered securities.
At the roundtable, Miles Jennings, a16z crypto’s general counsel, criticized the SEC’s past approach to crypto, saying it failed to protect investors, support capital formation, or create efficient markets.
“The Crypto Task Force roundtables are an opportunity for us to hear a lively discussion among experts about what the regulatory issues are and what the Commission can do to solve them,” Peirce noted in a Tuesday announcement.
The next roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” is all set to be held on April 11. Other topics will include crypto custody (April 25), tokenization (May 12), and decentralized finance (June 6). All events will be held in Washington, D.C., and livestreamed.
The Crypto Task Force, launched on January 21 by Acting SEC Chairman Mark T. Uyeda, was created to help the SEC set clear rules, offer practical paths for registration, build effective disclosure frameworks, and use enforcement resources wisely.
Furthermore, the SEC is also exploring how it could “provide some kind of framework or some kind of markers” to craft rules for NFTs as an asset category. This comes after the SEC announced last Thursday that crypto mining doesn’t violate securities laws.
Meanwhile, Paul Atkins, nominated by Trump to be the new SEC chair, will have his Senate hearing on Thursday. A former SEC commissioner from 2002 to 2008, Atkins is also a supporter of crypto.
The post SEC’s Crypto Task Force Announces 4 Key Roundtables on DeFi, Tokenization, and More appeared first on Coinpedia Fintech News
The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance. The roundtables, running from April to June, are part of …