Episode Details

21st Sep: Crypto & Coffee at 8 🎙️
🚨 FED interest hike unchanged ⚡PayPal rolls out PYUSD on Venmo 🔴 Grayscale Investments ETH Futures ETF ❌Balancer frontend exploit
 

🏦 Federal Reserve Board chair has decided to leave the rate hike unchanged at 5.25 per cent — 5.50 per cent. We strongly urge watching the full video via YouTube here https://lnkd.in/dSFjZCs6 There’s a very high possibility for an increase in rate later this year

🚀 What does it mean for crypto?
🔻 Forkast.News mentioned that Bitcoin briefly fell below US$26,900 in the early morning hours after Fed Chair Jerome Powell said more interest rate hikes may be needed to curb inflation. https://lnkd.in/dbMf8fwR As of now the Global crypto market is down by 0.61% via CoinMarketCap 🔻CoinGape News article also states Bitcoin, BNB, & Pepe Coin Falls After FOMC Decision https://lnkd.in/dNznwakW

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we share our commentary on this. Also see slides 1–2 below for a global snapshot on #defi, #stablecoins #DAPP & more

💰 PayPal USD (PYUSD), PayPal’s on-chain, regulated, dollar-denominated stablecoin 100% backed by U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, is available on Venmo starting 20th.

💰 PayPal USD is now available on Venmo to select users and will be rolling out fully in the coming weeks. Venmo users are able to purchase PYUSD and send it to friends and family on PayPal, Venmo, and compatible external wallets.

💰 Official news https://lnkd.in/dkFGfc5m
🟥 How will this news be impacted once CBDC goes mainstream?

❗ Grayscale Files With SEC for Ethereum Futures ETF on NYSE Arca
On September 19, Grayscale Investments, the leading digital asset manager, submitted documentation to the U.S. Securities and Exchange Commission for the establishment of a novel exchange-traded fund (ETF) exclusively focused on Ether