House Judiciary Rejects Vote To Subpoena Banks CEOs For Epstein Case

EU regulators push stricter crypto rules beyond MiCA, seeking ESMA oversight, cybersecurity audits, and AMLR bans on privacy tokens. European regulators are now calling louder for stricter crypto rules.  France’s AMF, Austria’s FMA and Italy’s CONSOB are now arguing that the Markets in Crypto-Assets Regulation (also known as MiCA framework) is not enough to manage […] The post Bad News for European Crypto Holders? EU Calls For Harsher Crypto Regulation Despite MiCA appeared first on Live Bitcoin News.

The global crypto market cap rose 2% to $4.2 trillion on Thursday, lifted by Bitcoin’s steady climb toward $118,000 after the Fed delivered its first interest rate cut of the year. Gains were measured, however, as investors weighed the central bank’s cautious tone on future policy moves. Bitcoin last traded 1% higher at $117,426. Ether rose 2.8% to $4,609. XRP also gained, rising 2.9% to $3.10. Fed Chair Jerome Powell described Wednesday’s quarter-point reduction as a risk-management step, stressing that policymakers were in no hurry to speed up the easing cycle. His comments dampened expectations of more aggressive cuts, limiting enthusiasm across risk assets. Traders Anticipated Fed Rate Trim, Leaving Little Room for Surprise Rally The Federal Open Market Committee voted 11-to-1 to lower the benchmark lending rate to a range of 4.00% to 4.25%. The sole dissent came from newly appointed governor Stephen Miran, who pushed for a half-point cut. Traders were largely prepared for the move. Futures markets tracked by the CME FedWatch tool had assigned a 96% probability to a 25 basis point cut, making the decision widely anticipated. That advance positioning meant much of the potential boost was already priced in, creating what analysts described as a “buy the rumour, sell the news” environment. Fed Rate Decision Creates Conditions for Crypto, But Traders Still Hold Back Andrew Forson, president of DeFi Technologies, said lower borrowing costs would eventually steer more money toward digital assets. “A lower cost of capital indicates more capital flows into the digital assets space because the risk hurdle rate for money is lower,” he noted. He added that staking products and blockchain projects could become attractive alternatives to traditional bonds, offering both yield and appreciation. Despite the cut, crypto markets remained calm. Open interest in Bitcoin futures held steady and no major liquidation cascades followed the Fed’s decision. Analysts pointed to Powell’s language and upcoming economic data as the key factors for traders before building larger positions. Powell’s Caution Tempers Immediate Impact of Fed Rate Move on Crypto Markets History also suggests crypto rallies after rate cuts often take time. When the Fed eased in Dec. 2024, Bitcoin briefly surged 5% cent before consolidating, with sustained gains arriving only weeks later. This time, market watchers are bracing for a similar pattern. Powell’s insistence on caution, combined with uncertainty around inflation and growth, has kept short-term volatility muted even as sentiment for risk assets improves. BitMine’s Tom Lee this week predicted that Bitcoin and Ether could deliver “monster gains” in the next three months if the Fed continues on an easing path. His view echoes broader expectations that liquidity-sensitive assets will outperform once the cycle gathers pace. For now, the crypto sector has digested the Fed’s move with restraint. Traders remain focused on signals from the central bank’s October meeting to determine whether Wednesday’s step marks the beginning of a broader policy shift or just a one-off adjustment

PANews reported on September 18 that according to SoSoValue data, the total net outflow of Ethereum spot ETF was US$1.8898 million yesterday (September 17, US Eastern Time). The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of US$25.8636 million. The current historical total net inflow of ETHA has reached US$13.255 billion. The second is Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of US$6.382 million. The current historical total net inflow of ETH has reached US$1.431 billion. The Ethereum spot ETF with the largest single-day net outflow yesterday was the Fidelity ETF FETH, with a single-day net outflow of US$29.1892 million. The current historical total net inflow of FETH has reached US$2.768 billion. As of press time, the total net asset value of the Ethereum spot ETF was US$29.719 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.47%, and the historical cumulative net inflow has reached US$13.659 billion.