Kevin Warsh · Federal Reserve (FED) · Bitcoin · CoinDesk
Altcoins edged ahead, with ether ETH $2,419.56 adding 0.5% near $2,450 and the CoinDesk 80 (CD80) gaining 0.46%
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Asian equities steadied after Thursday’s rout, with South Korea’s Kospi closing 2.05% higher and Japan’s Nikkei up 1.39%, while S&P 500 futures were little changed after the index snapped a three-day losing streak.
Key facts
- Bitcoin BTC $81,331.84 was little changed since midnight UTC, trading around $82,100 after bouncing from a dip to about $81,600 at around 03:30 UTC
- Altcoins edged ahead, with ether ETH $2,419.56 adding 0.5% near $2,450 and the CoinDesk 80 (CD80) gaining 0.46%, while the bitcoin-heavy CoinDesk 5 (CD5) held steady
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Asian equities steadied after Thursday’s rout, with South Korea’s Kospi closing 2.05% higher and Japan’s Nikkei up 1.39%, while S&P 500 futures were little changed after the index snapped a three-day
Summary
Bitcoin was little changed since midnight UTC near $82,100 after bouncing from a dip to about $81,600 at around 03:30 UTC. Celestia jumped 16%, injective rose 7.7% and layerzero added 7.3%, leaving more than two-thirds of CoinDesk 100 members higher and the CoinDesk 5 flat. Fed Chair Kevin Warsh declined to signal what the central bank will do later this month, and the odds of an October interest-rate increase fell to about 15% from almost 30%. Altcoins edged ahead, with ether ETH $2,419.56 adding 0.5% near $2,450 and the CoinDesk 80 (CD80) gaining 0.46%, while the bitcoin-heavy CoinDesk 5 (CD5) held steady.