✅ As expected, the Fed decided to leave the interest rate at 5.25% - 5.5%, but the Fed also announced a QT policy slowdown and reduced the pace of balance sheet reduction from $60 billion to $25 billion per month 📊
The market reacted positively to this news, We've been down all day, but we seem to have found a BTC bottom at around $56,700 🫡
Day summary:
🔸 Tether (USDT issuer) netted $4.52 billion in Q1 profit
🔸 Securitize has raised $47 million in a new strategic funding round led by BlackRock 💸
🔸 A court in Finland has jailed the hacker responsible for blackmailing 30,000 psychotherapy patients for bitcoins
🔸 JPMorgan and Goldman Sachs expect the first rate cut by the Fed in July, while Wells Fargo is betting on September
🔸 CZ commented: "I will do my time (in prison), conclude this phase, and focus on the next chapter of my life
🔸 EigenLayer sees over 12,000 queued withdrawals after the community was disappointed by the airdrop announcement
🔸 A solo Bitcoin miner solved a block alone and earned a $218,544 reward ⛏