🚨 BREAKING: Massive Announcement at #FOMC Meeting Today 🔥

What #Bitcoin  and #Crypto Traders MUST Know 😱

👉The Federal Open Market Committee (FOMC) is currently meeting to decide on the Federal Funds Rate.

👉 Fed Chair Jerome Powell will announce the rate decision on November 1 at 2 PM ET.

👉While a pause in November is expected, it may not signal the end of rate hikes that started in 2022.

👉 Powell has left the door open for future hikes if the economy continues to show steady growth.
👉 Inflation and #Economic Data:

👉 The recent uptick in inflation and strong consumer spending have paved the way for potential future rate hikes.

👉 The Fed's goal is to control inflation within its target.

👉 The stock #market has faced challenges, with indices like the S&P 500 declining from their peaks.

👉 Gold and oil prices have surged due to geopolitical events.

#️⃣ Summary:

👉 The US Federal Reserve is expected to keep interest rates unchanged for now, but the possibility of future rate hikes remains on the horizon, depending on economic data and inflation trends.

👉 The #economy's #resilence will be put to the test in the coming months.

Lets Meditate and stay calm like 👍 ElonMusk

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Disclaimer:This article just for education not financial Advise Investing in Crypto please do your Owen research first
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As one of the fastest-growing tech and economic sectors and the foundation for the next-generation internet of value, characterised by user ownership and trade, the US is losing ground as a centre for digital asset innovation.

However, the White House acknowledged that digital assets had a tremendous potential to "transform industries and business models" in its #Economic Report of the President, which was published in March 2023.

This raises the question of why US regulatory activities culminated in "Operation Chokepoint 2.0," a concerted effort to impede cryptocurrency-based development in the nation, with exhibit A being the recent steps taken by the #SEC against #Binance and #Coinbase.

- #crypto Twitter discusses decentralization of Layer 2 (L2) solutions, specifically Rollups.

- Philosophical perspective: Decentralization promotes open innovation and permissionless futures.

- #Trustless networks like Bitcoin and Ethereum build on decentralized foundations.

- Rollups, as trust-related to these blockchains, should also be decentralized.

- #Technical aspect: Proper Rollup implementation requires forced inclusion mechanism and sequencer replacement protocol.

- Forced inclusion mechanism enhances censorship resistance.

- Sequencer replacement protocol prevents malicious actions by centralized sequencers.

- #Economic viewpoint: Focus on optimizing user experience and Rollup profits.

- Users need fast, cheap transactions; sequencers and token holders seek profitable operations.

- #Decentralized sequencers offer pre-confirmation guarantees without centralization risks.

- Rollup's goal: Mature sequencer replacement protocols, forced inclusion, lagging governance updates.

- Strong sequencer replacement can improve liveliness guarantees and enhance economic benefits.

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As economic data shows weakness, the market is lowering expectations of interest rate hikes🥺

With the dataset suddenly downshifting, and standing at-odds with the Atlanta Fed's GDPNow still calling for 5.8%+ GDP, rates markets had a bit of reckoning as 2yr yield craters 16bp and the 2/10s yield curve bull-steepeneed by 7bp. November hiking odds dropped from a high of 47% down to lower 30%, as sell-side banks reported a wrath of short-covering flows throughout the whole day, culimating with a massive squeeze into the 7yr bond auction which came -2bp through the screens at 4.212%, with $95.9bln in bids for a strong 2.66x bid to cover ratio, the strongest since January.

#Economic #interestrates #GDPNow #curve #bond

Bitcoin (BTC) Laundering Saga: London Economic Crime Squad Convicts Woman in £1.7M Case.

The London Economic Crime Squad has achieved significant success in tackling cryptocurrency-related financial crime. A woman involved in a £1.7 million Bitcoin laundering operation has been convicted, marking a major victory for law enforcement. This case demonstrates the increasing expertise and determination of financial crime units against illegal activities in the #crypto space.

It was revealed that the convicted woman carried out a complex scheme to launder £1.7 million worth of Bitcoin. Using a network of digital wallets and exchanges, he was able to hide the source of illicit funds, making it difficult for authorities to track transactions. However, thanks to a meticulous investigation and advanced forensic techniques, the #Economic Crime Team was able to unravel this scheme and bring the criminal to justice.

This case has important implications for the future of cryptocurrency regulation. It highlights the need for robust regulatory frameworks and international cooperation to effectively combat financial crimes in the digital currency space. Authorities are increasingly focusing on increasing their ability to monitor and examine crypto transactions so that the anonymity associated with cryptos does not become a shield for illegal activity.

The London Economic Crime Squad's successful prosecution of this Bitcoin laundering case represents a significant step forward in the fight against crypto-related financial crime. This is an important reminder to those involved in illegal activities that law enforcement is committed and equipped to combat such crimes. As regulatory measures continue to evolve, the cryptocurrency industry must adapt and promote a safe and transparent financial ecosystem.
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