Here are some exciting updates from #cryptocurrency world:
1. Breaking News from Nasdaq: The rejection of BlackRock's initial #bitcoin ETF may not be the end of the story. Nasdaq's ETP Chief believes this is just a procedural hiccup, and experts like Michael Saylor agree. The anticipation is that a physically-backed Bitcoin ETF will eventually receive approval, possibly aligning with significant events like those from Grayscale.
2. FTX's Legal Victory: FTX has secured court approval for the liquidation of its cryptocurrency assets. While this may sound complex, it's likely related to over-the-counter trading and won't have a major impact on the broader #crypto market.
3. Economic Optimism: In other news, the US August Consumer Price Index (CPI) has surpassed expectations. With interest rate hikes still expected in September, it's worth noting that these increases are likely to be modest—perhaps one or two more bumps of 25 basis points each. This signals the end of the interest rate hike cycle and the beginning of brighter economic prospects!