Market summary
Here is everything you want to know about the most important digital currency news and statements from the investment asset giant BlackRock, in addition to the most important economic events☄️Larry Fink, CEO of the $10 trillion investment management giant BlackRock, describes Bitcoin as a “journey to safety” in an interview with Fox Business. ⚡️He adds that Bitcoin's recent surge based on a false rumor of SEC approval is "an example of pent-up interest in cryptocurrencies."☄️Blackrock in its amended S-1 filing for the iSHARES Bitcoin Trust calls out the lack of transparency around centralized digital exchanges. It poses obvious risks, and may harm investors in financial derivatives such as ETF stocks.☄️Interest in potential spot Bitcoin ETFs is growing among retail investors, Google Trends data reveals.☄️New York Attorney General Letitia James files lawsuit against Gemini, Genesis and Digital Currency Group, Alleging that they defrauded more than 230,000 investors, including 29,000 New Yorkers, of more than a billion dollars. Statements by US Federal Reserve member Loretta Mester yesterday stated the following points: We look at a lot of data about monetary policy, including... In that money supply.⚡️The balance sheet should be drawn regardless of interest rate movements.⚡️I cannot say with certainty that we have reached peak monetary tightening. ⚡️The US Federal Reserve underestimated inflation until recently. ⚡️It is noteworthy that economists at Rabobank presented US Federal Reserve policy forecasts in light of Federal Reserve Governor Jerome’s speech on the first evening. Yesterday, Thursday, at an event in New York, he left options open regarding the next monetary policy path.⚡️In this context, experts explained that US Federal Reserve Governor Jerome Powell had reported earlier in the year the possibility of tightening credit conditions in the wake of the banking crisis in March as an alternative to raising... interest rates, but he is currently hesitant about applying the same logic to rising Treasury bond yields