✅ The stock market took a big hit today after the Fed chair said we need to expect a rate cut, but Bitcoin seems to have stopped following stocks and is moving on its own 👀
Day summary:
🔸 Ripple will launch its dollar stablecoin
🔸 Fed Chair Powell emphasizes that more evidence of weakening inflation is needed before cutting rates
🔸 Crypto market maker GSR has obtained the major payment institution license in Singapore 📄
🔸 The US will face extremely rare “cicada-geddon” for the first time since 1803, shortly after the April 8th solar eclipse 🪰
🔸 Hedge funds currently hold record net short positions in BTC futures
🔸 The creators of the Solana meme coin named "CONDO∆∆" have rugged its holders for $906k 🤦♀️
