Author: American Coins & Gold

Fed Rate Cut Could Crash Crypto Markets, but Era of Central Banks Is Over: Arthur Hayes
A rate cut could add to inflation and strengthen the Japanese yen, crashing markets, Hayes explained.

Bitcoin Holds Above K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut
Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket

BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
BitGo says USDS is an “open participation” stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.

Animoca's Timeline to Go Public Would Depend on The Market's Status: Yat Siu
Animoca Brands is hoping to go public soon but the final decision on the timeline is dependent on a key component, the “market’s status, amongst other” aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday.

Decentralized AI Society Launched to Fight Tech Giants Who 'Own the Regulators'
Web3 industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolisation of the Artificial Intelligence (AI) industry, the chair of DAIS, Michael Casey told CoinDesk in an interview on the sidelines of Token 2049 on Tuesday.

DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody's Says
The Wall Street ratings agency’s first-ever report about the sector underscores the increased attention towards DePIN apps.

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams
The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.

Forget Meme Coins, Crypto Utility Is Already Here
Memecoin mania has many wondering if crypto will stop the nonsense and deliver real use-cases, but crypto utility is already here if we simply look, says David Zimmerman, a research analyst at K33 Research.

Brian Armstrong, ETF Experts Shoot Down 'Paper Bitcoin' Rumors
Rumors alleging Coinbase (COIN) of issuing bitcoin IOUs to BlackRock were quickly shut down by industry experts as well as Coinbase CEO Brian Armstrong on Monday.

Key Opinion Leaders Are Bad for the Crypto Industry
That’s why my new project isn’t paying them. (And who is Professor Crypto, anyway?)