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Many US senators are reportedly moving to advance a bill for crypto market structure rules amid a government shutdown with no end in sight.According to a Bloomberg report published on Thursday, several Republicans in the Senate, including those with leadership positions on key committees, plan to pass legislation on digital asset market structure by the end of the year, in line with their initially announced timeline. Despite thousands of government employees being furloughed across several agencies amid the shutdown, members of Congress continue to receive their paychecks and are permitted to conduct business in the House of Representatives and the…

Blockchain technology has not only set new benchmarks for innovation but also introduced new career opportunities. If you are interested in Blockchain and want to become a blockchain professional with a thriving career, try the new blockchain career accelerator program launched by 101 Blockchains. Our blockchain career accelerator program is not just a collection of courses and certification programs. It offers the most structured roadmap you can find to build your career in the domain of blockchain and Web3. Do you want to become a blockchain expert and don’t know where to start? You can pursue the career path you…

In brief AI computing company CoreWeave was set to buy Bitcoin miner Core Scientific in a $9 billion all-stock deal. But Core Scientific shareholders rejected the proposed transaction on Thursday. Shares of CoreWeave dipped on the news; Core Scientific’s stock rose. Bitcoin miner Core Scientific shareholders have rejected a proposed $9 billion merger with AI computing company CoreWeave, Core Scientific announced on Friday, ending the potentially massive transaction in the high-power computing space. Core Scientific shareholders voted against the all-stock deal at a Thursday meeting. “Core Scientific, a leader in digital infrastructure for high-density colocation services and digital asset mining, today announced…

Key Takeaways OKX obtained its MiCA license in January 2025. The exchange is working with Standard Chartered to offer products and solutions to EU institutions. European banks, hedge funds, family offices, and insurance firms are increasingly looking to crypto. Europe’s crypto scene has struggled to “take off” in comparison to the U.S., but things could be looking different as the continent’s bloc’s regulations take effect. CCN spoke with the CEO of OKX Europe, Erald Ghoos, at this year’s European Blockchain Conference in Barcelona, who shared great optimism for the future of crypto in the EU. OKX in Europe In January…

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$110,760.94 is down but not out following Federal Reserve Chairman Jerome Powell’s latest hawkish remarks, which challenged expectations around a December rate cut.That’s the message from the price chart, which shows that although BTC is facing selling pressure likely in response to Powell downplaying additional easing in December, prices still remain above the critical 200-day simple moving average (SMA) near $109,250. As of writing, BTC changed hands at $111,000, bouncing off the key average.Holding above the 200-day simple moving average (SMA), a long-term barometer of…

Stellar Lumens (XLM) gained 1.53% in the past 24 hours, rising from $0.3168 to $0.3177 as trading volume jumped 134% above its 30-day average. The controlled price action amid high volume points to institutional accumulation rather than retail-driven momentum.XLM slightly outperformed the broader crypto market by 1.23%, consolidating between $0.315 and $0.325 after rebounding from a $0.3162 low. Diminishing short-term volume suggests distribution has eased, with strong support forming above $0.32 ahead of the upcoming Protocol 24 upgrade.The surge in volume without sharp price swings indicates steady institutional buying, often a precursor to sustainable breakouts. Meanwhile, Stellar’s ecosystem continues to…

As widely anticipated, the U.S. Federal Reserve cut its benchmark interest rate range by 25 basis points to 3.75% to 4.0%. Also as generally expected, the Fed moved to conclude the reduction of the securities held on its balance sheet on December 1, i.e., the so-called “quantitative tightening” process.”Job gains have slowed this year, and the unemployment rate has edged up but remained low through August,” read the bank’s policy statement. “Inflation has moved up since earlier in the year and remains somewhat elevated.”Interestingly, there was some opposition to the rate cut, with Kansas City Fed President Jeffrey Schmid voting…

The Federal Reserve lowered its benchmark interest rate by 25 basis points to 3.75–4.00% on Wednesday, marking its second rate cut this year.The central bank said economic growth remains moderate while job gains have slowed and unemployment has edged up. Inflation, however, remains “somewhat elevated,” keeping the Fed cautious about further policy easing.Sponsored SponsoredFed Balances Inflation and Labor Market RisksThe decision also confirmed that the Fed will end quantitative tightening on December 1, effectively pausing its balance sheet reduction earlier than expected.The statement highlighted growing downside risks to employment, a shift from prior meetings that focused mainly on inflation. The Fed…

A solid down day in crypto is morphing into a plunge after Federal Reserve Chairman’s unexpectedly hawkish remarks at his post-policy meeting press conference.”A rate cut in December is far from a foregone conclusion,” said Powell in his opening remarks. That was a shock to markets, which had priced in a 90% chance of another rate cut at the Fed’s final meeting of the year.The effect in prices was immediate, with bitcoin BTC$111,219.30 tumbling about $2K to the current $109,600, now lower by 5% over the past 24 hours and largely having given up its big gains from earlier in…

Key points: Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points.Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026. Bitcoin (BTC) price tumbled to $109,200 ahead of Wednesday’s US Federal Reserve decision to cut interest rates by 25 basis points. While traders may have anticipated a degree of risking-off ahead of Fed Chair Jerome Powell’s announcement, BTC’s 6% drop from its Monday rally to $116,400 might be sharper than anticipated, especially considering that the consensus among analysts was a 25…