🚨JUST IN: Pro-Bitcoin PAC launches crypto campaign ads supporting Ted Cruz. "I want Texas to be the oasis on planet Earth for Bitcoin and crypto." | MiconCrypto on Binance Square

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🚨JUST IN: Pro-Bitcoin PAC launches crypto campaign ads supporting Ted Cruz.
"I want Texas to be the oasis on planet Earth for Bitcoin and crypto."

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🚨Fed Rate Cut: Lorie Logan Calls For Lower Rates If This Happens📈📈 What Next to Cryptocurrency💯💯 Federal Reserve Bank of Dallas President Lorie Logan again called for gradual rate cuts, citing uncertainty in the current economy. She explained that if the economy is moving forward, a steady path of policy-rate reductions is more than welcome. Lowering rates toward neutrality could help achieve the Fed’s goals, she said. However, she commented that economic shocks such as inflation or unemployment, could affect this pace. Any risk of rate cuts from the Fed will inevitably raise expectations for cryptocurrencies, including Bitcoin. Traditionally, when the Fed cuts interest rates, it favors risk assets when investments become cheaper on debt and liquidity surpluses. Fed’s Lorie Logan: Gradual Rate Cuts Coming Therefore, Lorie Logan reiterated her call for gradual rate cuts from the Fed, given the uncertainty over the present outlook. Cuts may continue to increase prices as traditional yields become less attractive. This is forcing investors into alternative assets like Bitcoin. Recent expectations for rate cuts have already been priced into market sentiment. Analysts predict such monetary policy easing could keep crypto demand sustained. Also, it could prop up Bitcoin’s potential as a hedge to fiat currency devaluation. Speaking at the Securities Industry and Financial Markets Association’s annual meeting, Lorie Logan said a less restrictive monetary policy would balance the risks associated with the Fed’s dual mandate regarding inflation and employment. Lorie Logan added that if the economy moves up, a steady path of policy-rate reductions toward neutrality could help achieve the Fed’s goals. However, she tempered these same observations by noting that different types of economic shocks can affect the pace and endpoint of such normalization. She also said that the path for the central bank may need to differ as economic circumstances change. Follow Us Like / Share Comment Repost

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Donald Trump’s US Election Lead Drives $2.2B Crypto Inflows Crypto Markets Rally on Donald Trump 60% Odds, Adds $2.2 Billion Inflows Donald Trump currently leads with 62.1% odds against Harris’s 37.8% in the upcoming US election. This growing confidence in a Republican victory has driven optimism within the crypto market. Consequently, the market has seen a surge to $2.2 billion inflows. The recent rally marks the largest inflow since July, with traders expecting favorable regulatory conditions under a potential Trump administration. Investors are increasingly betting on the likelihood of more crypto-friendly policies, with Donald Trump perceived as supportive of digital assets. Most recent Polymarket data shows Donald Trump leading with 62.1%, a 2.1% increase, while Kamala Harris trails with 37.8%, dropping by 2.3%. In addition, Bitcoin investment products were the primary beneficiaries of these inflows, adding $2.1 billion to the total. The increase in demand is attributed to both rising optimism in Donald Trump’s election lead and BTC price appreciation. Similarly, Bitcoin funds saw significant activity, while short-Bitcoin products also gained $12 million in inflows, the largest since March. Ethereum-based products followed closely, adding $58 million in inflows, further underscoring the broader market enthusiasm linked to the US election. Other altcoins like Solana and Litecoin also witnessed positive inflows, with $2.4 million and $1.7 million respectively. However, multi-asset products, which usually cater to more diversified investments, saw $5.3 million in outflows, ending a 17-week streak of inflows. Follow Us Like / Share Comment Repost

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JUST IN: Pro-Bitcoin PAC launches crypto campaign ads supporting Ted Cruz. "I want Texas to be the oasis on planet Earth for Bitcoin and crypto."🚨

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$1.5T Pension Giant Joins BlackRock, Franklin’s Entry into Crypto Tokenization L&G Eyes Major Inroads Into Crypto Tokenization More and more traditional financial firms are increasingly adopting crypto tokenization, which involves representing traditional like U.S. Treasury-backed money-market funds in the form of tokens on the blockchain network. With the world’s top asset managers like BlackRock entering this space through its BUIDL fund on the Ethereum blockchain, the overall trend has accelerated. Other major players, such as Franklin Templeton, State Street, and Abrdn, have also launched similar offerings. Speaking on the development, Ed Wicks, global head of trading at Legal & General (L&G) said: “We are evaluating ways to make the Legal & General Investment Management Liquidity funds available in tokenized format. Digitization of the funds industry is key to improving efficiency, reducing cost, and making a broad range of investment solutions available to a wider range of investors. We look forward to continued progress in this space”. British pension giant L&G has been dabbling with blockchain technology since 2019. Back then, the insurer stated that it planned to use its managed blockchain system from Amazon Web Services (AWS) which helps it to manage and record bulk annuities for its insurance business. BlackRock Making Inroads With BUIDL Fund While stepping into the tokenization space earlier this year in March, the world’s largest asset manager BlackRock launched its BUIDL fund on the Ethereum blockchain network. This fund will invest in cash, debt securities, and US Treasury bonds primarily with the help of the Ethereum blockchain. Follow Us Like / Share Comment Repost

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Elon Musk Mentions XRP At Pennsylvania Rally, Boosts Crypto Prices Here’s What Elon Musk Said When Asked About XRP During his Pennsylvania rally supporting Donald Trump, Elon Musk came to extend support for President Donald Trump, who’s gaining massive ground against his opponent Kamala Harris. The Poylmarket data shows that Trump has a 60.7% chance of winning against Kamala whose odds have dropped to 38.7%. During his Pennsylvania rally for Trump, someone from the audience asked Elon Musk considering SEC’s hostile approach towards crypto under the Biden administration, does the tech billionaire sees the XRP Ledger getting incorporated into financial institutions in the future. Responding to this, Musk said: “This is definitely not an endorsement or lack of endorsement for XRP, but I do think crypto by its very nature helps with individual freedom.” Elon Musk has been an ardent proponent of the crypto tech, especially Dogecoin (DOGE) and Bitcoin (BTC). Furthermore, his electric car company Tesla holds Bitcoins on its balance sheet for more than three years now. Besides, Musk has also confirmed his role to lead the ‘Department of Government Efficiency’ (D.O.G.E) if Donald Trump comes to power once again while teasing the DOGE meme coin. Elon Musk’scommentary on XRP and crypto has got the entire market rolling today with Ethereum leading altcoins with 4% gains. Other market players have also extended support with similar gains. Follow Us Like Share Comment Repost

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