EUR/USD holds near 1.1670 as Fed leaves rates unchanged

Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates.  When prices are rising too quickly and inflation is above the Feds 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money.  When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.  The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions.  The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.  In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially

04-30Industry

Crypto hackers snatch over $1B in 68 incidents this year

Crypto has always been a risky space in which to put ones money, but the current rate of hacks has even multi-cycle veterans spooked.  In 2026 alone, a grand total of $1.08 billion has been stolen in at least 68 incidents.  Three major thefts account for the vast majority of the losses, two of which came in April. Its been a particularly rough month with 30 incidents so far, an average of more than one a day.  Just this past week, Protos has identified 13 individual losses, including three on the same day this article was written. Although these were mostly for lower amounts, they totaled over $11 million of losses.  In an attempt to keep readers up to date (not to mention staying on top of it ourselves!) Protos has put together a catalogue of crypto hacks; entries cover 2026 so far, generally with a $100,000 loss cut-off.  Protos hack tracker can be found on the Live section of our website.  There has been a 6 figure hack on ethereum basically every 6 hours for the last week, this is crazy  Security firms struggling to keep up with crypto hacks  Facing such an onslaught of hacks, even specialist crypto security firms seem unable to keep pace.  Team members

04-30Industry

Warsh clears Senate hurdle, moves closer to Fed chair as crypto impact looms

The U.S. Senate moved a step closer to confirming as the next chair of the on Wednesday.  A divided committee vote advanced his nomination. The move comes amid intensifying political scrutiny and market uncertainty.  The approved Warsh in a 13–11 party-line vote. This clears a key procedural hurdle. It also positions him for likely confirmation by the full Senate before mid-May, when current chair s term expires.  Warsh, a former Fed governor and Wall Street financier, has pledged a “regime change” at the central bank. He signaled potential change in communication strategy. He also pointed to changes in balance sheet policy and inflation management.  However, the nomination has exposed deep political fault lines. Republicans have largely backed Warsh as a credible successor. Democrats have warned his appointment could undermine central bank independence. They point to perceived alignment with former President s policy preferences.  The Feds policy outlook and internal tensions  Financial markets are bracing for a potentially volatile transition. Investors expect no immediate policy changes. However, divisions within the suggest Warsh may face resistance. This could complicate any aggressive shift in interest rate policy.  Warsh has acknowledged the likelihood of internal disagreement. He described the Feds policymaking process as a “family fight.” Officials remain split between inflation

04-30Industry

Ripple Prime Adds BTC Options via Bullish

The deployment of capital can be performed via existing sub-account structures in no time. Hence, there is actually no need to deal with additional Know Your Customer (KYC) hurdles.  Furthermore, clients can use stablecoins, specifically Ripple USD (RLUSD), to trade these options directly.  Executives from both companies argue that the move is a response to maturing market demands.  According to Mike Higgins, International CEO at Ripple Prime, this upcoming feature will make it possible for institutions to improve capital efficiency when using multiple exchanges.

04-30Industry

First Prediction Market ETFs to Launch Next Week – Bloomberg Analyst

The post First Prediction Market ETFs to Launch Next Week – Bloomberg Analyst appeared first on Coinpedia Fintech News  The U.S. ETF market may be about to enter a completely new phase. Bloomberg ETF analyst James Seyffart says the first-ever prediction market ETFs may begin trading next week, letting investors bet on U.S. election outcomes like regular stocks.  This comes after Roundhills latest filing showed a May 5 effective date, opening the door for six new ETFs tied directly to upcoming U.S. political races.  New Type of ETF Is About to Launch  It all began on February 14, when New York-based fund issuer Roundhill Investments filed for a new group of ETFs linked to political prediction markets.  The RPM Democratic President ETF and RPM Republican President ETF are tied to the outcome of the 2028 U.S. presidential election.  The RPM Democratic Senate ETF, RPM Republican Senate ETF, RPM Democratic House ETF, and RPM Republican House ETF focus on the November 2026 midterm elections, tracking which party wins control of Congress after the votes are counted.  Now, these six prediction-based ETFs could go live as early as next week.  If launched, they would give investors a new way to take positions on political outcomes through regular ETF products.  Prediction Market

04-30Industry

Market Reacts as Fed Holds Rates Steady, But Historic Dissent Signals Deeper Divide

The Federal Reserve delivered a widely expected pause on interest rates Wednesday, holding the federal funds rate at 3.50%–3.75%. However, the decision was overshadowed by a surge in dissent and a stark warning on geopolitical risks.  Financial markets reacted, including crypto, with the Bitcoin price slipping below the $76,000 threshold.  Bitcoin Falls Below $76,000 After FOMC Decision  Todays FOMC decision delivered a rare show of division, where Beth Hammack, Neel Kashkari, and Lorie Logan voted against including an easing bias in the policy statement, despite supporting the decision to keep rates unchanged.  Their opposition signals growing resistance wityhin the committee to prematurely signaling rate cuts.  The level of disagreement marks the highest number of dissenting votes since the October 1992 FOMC dissent, underscoring deepening divisions over the future path of monetary policy.  Alongside the internal split, the Fed struck a more cautious tone on global risks. Officials explicitly noted that “developments in the Middle East are contributing to a high level of uncertainty,” highlighting how escalating geopolitical tensions are complicating the economic outlook.  Fed Chair Jerome Powell and the majority maintained that economic activity continues to expand at a solid pace, while inflation remains elevated. However, the absence of any clear signal toward easing suggests policymakers are

04-30Industry

US spends $25B on Iran conflict, ceasefire unlikely by April 30

Tech  US spends $25B on Iran conflict, ceasefire unlikely by April 30  The U.S. has spent $25 billion on its military operations against Iran, according to a senior Pentagon official. The probability of a U.S.-Iran ceasefire by April 30 is at 1.8% YES, down from 16% a week ago.  Daily military costs exceeding $1 billion point to continued hostilities, not wind-down. Traders have responded by pushing ceasefire odds lower, and the April 30 ceasefire market is now approaching expiration with almost no movement.  The market trades $50,697 in daily USDC volume. It takes $5,457 to move the price 5 points, indicating a thick order book. The largest move in the past 24 hours was a 1-point spike, consistent with stable sentiment against a ceasefire.  The Pentagons $25 billion figure confirms the conflict is entrenched, making a near-term ceasefire less likely, not more. With no formal end to hostilities and daily costs above $1 billion, this is a bearish signal for any immediate resolution. Buying YES at 2¢ offers a 50x return but requires an improbable diplomatic breakthrough within a day.  Watch for any movement from intermediaries like Oman or Qatar, or signals from Trump or CENTCOM indicating a shift in strategy. A sudden diplomatic event could

04-30Industry

AI finance platform Rogo raises 160M USD Series D led by Kleiner Perkins

AI finance platform Rogo raises 160M USD led by Kleiner Perkins to scale its agentic workflow OS for banks and asset managers, as AI agents sweep regulated finance.Rogo closed a 160 million dollar Series D round led by Kleiner Perkins, lifting total funding above 300 million dollars to scale its “agentic platform for finance” across major institutions.The New York‑based company builds workflow‑specific agents like Felix that plug into internal and external data to automate research, modeling, and client communications for more than 35,000 finance professionals.Backed by Sequoia Capital, Thrive Capital, Khosla Ventures and J.P. Morgan Growth Equity Partners, Rogo plans deeper deployments inside large banks while expanding into Europe and Asia amid a broader funding wave for AI agent infrastructure.  AI financial workflow platform Rogo has closed a 160 million dollar Series D round led by Kleiner Perkins, with participation from Sequoia Capital, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners and others. The deal brings Rogos total funding to more than 300 million dollars and positions the New York‑based company to scale what it calls an “agentic platform for finance” across major global institutions.  Rogo builds AI systems purpose‑built for financial workflows, rather than horizontal “office” use cases. Its flagship

04-30Industry

Bitcoin slips to $75k as Fed holds rates, crypto stocks tumble

Bitcoin dropped to lows of $74,958 before stabilizing above $75,000.The decline also coincided with tighter liquidity in traditional equity markets.Crypto stocks fell sharply as short‑term volatility hit risk assets.  Bitcoin price briefly slipped to below $75,000 on Wednesday as the Federal Reserve held interest rates steady, dimming hopes for near‑term rate cuts and triggering a broad‑based sell-off in risk assets.  The move weighed heavily on crypto‑linked equities, with Coinbase, Riot Platforms, and MicroStrategy among the hardest hit.  Bitcoin dips to $75k as Fed holds rates  Bitcoin fell to roughly the $75,000 level, trimming earlier gains after the US central bank opted to keep borrowing costs unchanged, signaling a more cautious stance on monetary easing.  The decision reinforced expectations of a higher‑for‑longer rate environment, prompting investors to pare back exposure to volatile assets tied to speculative growth narratives.  Market data as of writing showed that over the past 24 hours, Bitcoin had logged a modest decline of about 1.4% as it hovered around $75,156.  The combination of elevated yields and geopolitical uncertainty has continued to dampen risk appetite, capping BTC below $80,000.  Bitcoin price chart by CoinMarketCapCrypto stocks tumble amid weak trading signals  The Feds in‑line‑but‑hawkish‑leaning decision spilled into crypto‑related stocks, which had already been under pressure from disappointing revenue

04-30Exchange

US Judge Bans Celsius Founder Mashinsky From Any Product Involving Assets

The Federal Trade Commission settlement decision also ordered Mashinsky to pay the commission $10 million.  U.S. District Judge Denise Cote on April 28 signed off on a $10 million settlement between the Federal Trade Commission and Alex Mashinsky, the founder of collapsed crypto lender Celsius Network, according to court documents.  The settlement permanently bans Mashinsky from promoting or operating any product or service involving the deposit, exchange, investment, or withdrawal of “assets” broadly, which could bar him from financial services beyond crypto.  The stipulated order enters a $4.72 billion monetary judgment against Mashinsky, though his actual cash payment to the FTC is capped at $10 million. That obligation will be considered satisfied if Mashinsky pays an equivalent amount to the Department of Justice under a separate forfeiture order tied to his criminal case, the court filing notes.  The order also permanently enjoins Mashinsky from misrepresenting any product or service he promotes.  The civil settlement follows Mashinsky‘s sentencing last May, when a federal judge ordered him to serve 12 years in prison for fraud and market manipulation — specifically for artificially inflating the price of Celsius’s CEL token while secretly selling his own holdings.  Celsius froze customer withdrawals in June 2022, cratering crypto markets and trapping funds

04-30Industry
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