Index

A crypto Index provides a way for investors to gain diversified exposure to a specific basket of digital assets through a single tokenized product. These indices often track specific sectors, such as DeFi, DePIN, or RWA, and are automatically rebalanced via smart contracts. In 2026, AI-managed thematic indices have become the gold standard for passive investing, allowing users to track the "blue chips" of the Web3 economy without manual portfolio management. This tag covers index methodology, rebalancing frequency, and the benefits of diversified crypto baskets.

25129 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
$70B DeFi Protocol Aave Launches on Aptos Amid Expansion

$70B DeFi Protocol Aave Launches on Aptos Amid Expansion

The post $70B DeFi Protocol Aave Launches on Aptos Amid Expansion appeared on BitcoinEthereumNews.com. Aave, a decentralized finance (DeFi) protocol with $70 billion in net deposits, has launched on Aptos, a layer-1 blockchain founded by former Meta employees. The move may deepen stablecoin and liquid staking token liquidity on the blockchain, two asset classes subject to regulation in 2025. According to an announcement shared with Cointelegraph, Aave will support four coins native to the blockchain at launch: stablecoins USDC (USDC) and USDt (USDT), Aptos (APT), and Ethena Staked USDe (sUSDe). The Aptos Foundation will provide users with rewards and liquidity incentives to promote the use of Aave on the Aptos blockchain. The arrival of Aave could deepen stablecoin liquidity on the blockchain, as the fiat-pegged cryptocurrencies are experiencing a breakthrough and are one of the industry’s most-discussed use cases. On Aptos, the stablecoin market cap has surged in 2025, jumping to $1.27 billion on Thursday from $627.8 million on Jan. 1. Stablecoin market cap on Aptos. Source: DefiLlama The launch comes as Aave positions itself to take advantage of “new collateral markets,” such as liquid staking tokens (LSTs). LSTs are a type of token given to users who stake assets, contributing to network security. These tokens can be used for DeFi activities such as lending or trading. “By expanding to Aptos, Aave increases access to lending, borrowing, and savings to a new, fast-growing community,” an Aave spokesperson told Cointelegraph. Currently, Aptos has a total value locked of $857 million, according to DefiLlama. Aave enters an ecosystem with few DeFi protocol competitors. Of the top five protocols listed by DefiLlama, only one has a total value locked of over $1 billion: PancakeSwap at $2.1 billion. Related: Spain slaps DeFi investor with $10.5M back tax for loan: Report Regulators, indexes weigh DeFi moves  Decentralized finance is a sector of crypto that has blossomed in recent years,…

Author: BitcoinEthereumNews
Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe at risk as whales exit

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe at risk as whales exit

Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are at an increased risk of losses due to the current volatile market conditions. On-chain and derivatives data indicate a decline in interest in DOGE, SHIB, and PEPE, with technicals leaning bearish.

Author: Fxstreet
The market holds its breath as the world watches Powell's speech at Jackson Hole

The market holds its breath as the world watches Powell's speech at Jackson Hole

Key Highlights: Event focus: The Jackson Hole economic policy symposium will be held from August 21 to 23, 2025, and Federal Reserve Chairman Jerome Powell will speak at 14:00 GMT on Friday. Rate cut expectations: The market expects an 83% chance of a 25 basis point rate cut on September 17, down from 94% last week. Dollar impact: Lower interest rates tend to weaken the dollar and boost risky assets like stocks and cryptocurrencies. Powell's tone matters: a dovish Powell could drive a breakout in EUR/USD; a hawkish tone could trigger profit-taking. EUR/USD Setup: The EUR/USD pair has rallied 13% year to date and is trading near 1.168, just below the key resistance level of 1.182. Neutral technicals: Flat MACD and RSI at 50 reflect market indecision ahead of Powell’s speech. Macro Background The Jackson Hole Symposium, hosted annually by the Federal Reserve Bank of Kansas City, Wyoming, has become one of the most anticipated macroeconomic events of the year. While a gathering of global central bankers, economists, and academics gathers, this year's market focus is on one figure: Federal Reserve Chairman Jerome Powell, who will deliver a speech at 2:00 PM GMT on Friday. The stakes are high. The Fed will announce its next interest rate decision on September 17th, and investors are eager for forward guidance. US interest rates are currently at 4.5%, and the market is pricing in an 83% chance of a cut to 4.25%. Just a week ago, that probability was as high as 94%, highlighting the heightened uncertainty. Why is this important for traders? Lower interest rates reduce the appeal of US dollar savings and US Treasury yields. This typically leads to capital flows into riskier assets such as technology stocks, cryptocurrencies, and non-US currencies like the euro, yen, and franc. Conversely, higher interest rates can boost the US dollar and put pressure on stocks and commodities. Beyond interest rates, the Jackson Hole symposium is likely to address broader macro themes: Trade policy: Continued tariff uncertainty involving Europe, Japan, and China Geopolitics: US, Russia hold peace talks on Ukraine Labor market: The employment situation is weak, with the latest non-farm payroll data showing a slowdown in hiring and an increase in the unemployment rate. Over the past few years, the market has reacted strongly to Powell's comments: On August 26, 2022, Powell delivered a hawkish speech, hinting at a rate hike. The US dollar surged, and the S&P 500 index sold off. Source: TradingView On August 23, 2024, Powell delivered dovish remarks, triggering a rise in stock markets and a general decline in the US dollar. Source: TradingView Given the current level of uncertainty, another outsized move could occur this Friday. Technical analysis: EUR/USD The EUR/USD pair is a key barometer of sentiment toward the US dollar. When the dollar weakens, the EUR/USD ratio tends to rise, and vice versa. So far in 2025, EUR/USD has risen 13%, supported by expectations of easing US monetary policy and a more proactive fiscal stance in the Eurozone. Increased military investment across the EU, coupled with tariff-driven supply chain shifts, has also supported the euro. Currently, the pair is trading around 1.168, having peaked at 1.182 on July 1st. The short-term outlook depends largely on Powell's tone: a dovish scenario: a break above 1.182 could quickly target the psychological 1.2 level. If 1.2 is broken, the next targets include the May 2021 high of 1.227 and the January 2021 peak of 1.235. Hawkish scenario: The dollar could strengthen if Powell signals no immediate rate cut. A break below 1.16 could see a drop towards 1.14, which was a key support level earlier this year. The momentum indicator currently has no clear bias: An RSI of 50 indicates a neutral stance, often the “calm before the storm.” The MACD is flat with no crossover or momentum divergence, confirming indecision. For the RSI to reach overbought or oversold levels, EUR/USD would need a strong move, as the RSI indicator is neutral at 50. On the daily chart, resistance lies precisely at 70. Therefore, to reclaim this level, EUR/USD would likely need to break through the resistance level of 1.182 from July 1st. On the daily chart, EUR/USD's move down to RSI 30 was even more powerful, well below 1.14. From a technical perspective, a decline to 1.10 is possible. This technical picture aligns with fundamental uncertainty, as traders remain on the sidelines awaiting signals. Traders should also note the following: Volatility Setup: The probability of a sharp breakout increases due to narrow technical range and known macro catalysts. Leverage sensitivity: EUR/USD trading often comes with leverage, and even small fluctuations can result in high profits (or high risks), depending on the position size. Profit-taking risk: A surprising hawkish move could trigger broad-based buying of the dollar and liquidate EUR/USD longs that profited earlier this year. Source: TradingView Jackson Hole compared to previous years This year is unique in the divergence between data and market sentiment. Inflation is softening and the job market is cooling, which typically suggests more accommodative policy. However, geopolitical risks and trade frictions are fueling inflationary pressures, and the Fed may be reluctant to cut rates too quickly. This is why Powell's policy guidance on Friday is crucial. Even subtle hints from the Fed regarding its views on tariffs, unemployment, and/or global economic growth could influence interest rate expectations for the rest of the year. The market is currently divided among the following possibilities: Two rate cuts before the end of the year brought the Fed's interest rate down to 4.0%. Three rate cuts will bring the interest rate to 3.75% by 2025 Only cut rates once if inflation and/or geopolitics worsen The more dovish Powell's comments are, the more likely the dollar will weaken. But if he emphasizes risk and patience, traders may flock back to the dollar. in conclusion The Jackson Hole Symposium is always important, but this year it could be decisive for the US dollar and global markets. Traders should note: Powell's speech at 14:00 GMT on Friday EUR/USD breaks through 1.182 or falls below 1.16 Changes in the probability of a September rate cut Cross-asset reaction, particularly cryptocurrencies, stocks, and gold Positioning remains underweight as momentum indicators are neutral. However, volatility could surge once Powell speaks. Traders should be prepared for range breaks, dollar volatility, and headline-driven price action, which could set the tone for the remainder of 2025.

Author: PANews
U.S. Stock Index Futures Display V-Shaped Recovery Amid Crypto Volatility

U.S. Stock Index Futures Display V-Shaped Recovery Amid Crypto Volatility

The post U.S. Stock Index Futures Display V-Shaped Recovery Amid Crypto Volatility appeared on BitcoinEthereumNews.com. Key Points: U.S. stock index futures show V-shaped recovery on August 22, 2025. No direct primary-source commentaries reference this move. Crypto-exposed equities report significant activity and volatility. On August 22, 2025, U.S. stock market futures exhibited a notable “V-shaped” recovery, with the Dow Jones, S&P 500, and Nasdaq 100 futures all turning positive. This shift signals potential investor confidence and may influence related cryptocurrency markets, including notable crypto-exposed equities like BNB Treasury Company and recently delisted Windtree Therapeutics. U.S. Futures Surge with Crypto-Equities Activity Cathie Wood, CEO of Ark Invest, amplified the market’s momentum by reallocating shares within the Robinhood platform, investing approximately $16.22 million. She stated, “Ark Invest added a total of 150,908 shares of Robinhood stock yesterday, which is approximately worth $16.22 million based on the closing price.” Market reactions varied across sectors. President Trump criticized Federal Reserve policy, claiming it hindered mortgage procurement—a notable external commentary amid the recovery. He remarked, “Can someone please tell Jerome ‘Too Late’ Powell that his actions are severely damaging the real estate industry? People are unable to get mortgages because of him.” Mixed Reactions Amid Federal Policy Criticism Did you know? V-shaped recoveries in U.S. stock markets often correlate with key economic announcements, impacting crypto-equities. BNB’s market snapshot highlights a recent price of $853.57, supported by a circulating supply of 139,287,464.16 according to CoinMarketCap. The token’s market cap is noted at $118.89 billion, with current dominance at 3.09%. Trading volume decreased by 23.46% over 24 hours. BNB(BNB), daily chart, screenshot on CoinMarketCap at 08:35 UTC on August 22, 2025. Source: CoinMarketCap Coincu’s research team anticipates significant regulatory deliberations around crypto-exposed equities soon, especially given historical volatilities observed during similar index movements. Accurate data connectivity from market analytics forms the basis of these assessments, underscoring potential trends that could shape market outlooks.…

Author: BitcoinEthereumNews
Fed Rate Cut Confidence Softens, Crypto Market Eyes This Key Data

Fed Rate Cut Confidence Softens, Crypto Market Eyes This Key Data

The post Fed Rate Cut Confidence Softens, Crypto Market Eyes This Key Data appeared on BitcoinEthereumNews.com. Key Insights: Crypto market volatility continues as the prediction market suggests confidence of institutions and traders on Fed rate cuts in September softens. The personal consumption expenditures (PCE) inflation data becomes the key decider for the September Fed rate cut. Bitcoin price is trading near support at $112k, but analysts suggest buying at dips. Institutions and traders are losing confidence in the U.S. Federal Reserve resuming interest rate cuts in September. The recent FOMC Minutes revealed that most committee members consider inflation risks outweighing labor market weakness, with the PPI inflation rising a massive 0.9% in a month. The crypto market traders turned cautious and await the Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) inflation data. Bitcoin price has since tumbled more than 10% to touch $112k. Crypto Market News: September Fed Rate Cut Doubts Resurface The September 17 FOMC meeting remains the most significant event for global markets, with the FOMC Minutes failing to provide cues on the crypto market direction. Prediction markets, including Kalshi, data showed 25 bps rate cut bets falling and the Fed maintaining rates bet rising. Notably, 68% now expect a 25 bps Fed rate cut in September, but it’s trending down. Meanwhile, 34% people anticipate no change in the Fed funds rate. Prediction Market on Fed Rate Cut Odds in September | Source: Kalshi Over the past two weeks, confidence in the Fed rate cut in September has softened, while bets on the Fed holding steady have climbed. This happened after the US PPI inflation jumped 0.9% in July, raising core PPI inflation to 3.7%. Meanwhile, the CME FedWatch tool showed nearly 79% probability of a 25 bps Fed rate cut in September. It dropped from a 99% probability, with traders now estimating odds of two rate cuts this year instead of three. Crypto Market Awaits US PCE…

Author: BitcoinEthereumNews
Bitcoin (BTC) Price Prediction for August 23

Bitcoin (BTC) Price Prediction for August 23

The post Bitcoin (BTC) Price Prediction for August 23 appeared on BitcoinEthereumNews.com. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) The Bitcoin price today is hovering around $112,980, up marginally by 0.1% after a volatile week that saw the pair slip from highs near $121,000. BTC is still in a rising parallel channel on the daily timeframe, but it is now testing the lower boundary of that channel. Since April, the channel floor around $112K has been a key area of demand. If the price breaks below it, it could drop even lower to $108,000. BTC price dynamics (Source: TradingView) Smart Money Concepts show repeated change of character (CHoCH) signals around the $120K level, indicating exhaustion at the top. Price is currently anchored above a key liquidity zone between $111,800 and $113,200, suggesting short-term stability but limited momentum. Why Is The Bitcoin Price Going Down Today? BTC price dynamics (Source: TradingView) A combination of technical and on-chain signals is to blame for the recent drop in the price of Bitcoin. BTC has stayed below the Supertrend indicator at $115,500 on the 4-hour chart, which strengthens bearish control. The Directional Movement Index (DMI) shows that the -DI line is well above the +DI line and that the ADX is rising, which means that the trend is strong for sellers. BTC price dynamics (Source: TradingView) At the same time, the 20/50/100 EMAs on the 4-hour chart are stacked bearishly above price, with the 200 EMA at $116,200 acting as a ceiling. Bollinger Bands confirm this pressure, with candles hugging the lower band between $111,800 and $113,000. BTC On-Chain Analytics (Source: Coinglass) On-chain flows also show that people should be careful. Data shows a positive net inflow of $66 million on August 22, which means that more money is being deposited into exchanges. In the past, rising inflows when prices are falling have…

Author: BitcoinEthereumNews
Jackson Hole Speech: Pivotal Anticipation Grips Forex Markets as US Dollar Gains

Jackson Hole Speech: Pivotal Anticipation Grips Forex Markets as US Dollar Gains

BitcoinWorld Jackson Hole Speech: Pivotal Anticipation Grips Forex Markets as US Dollar Gains For those navigating the volatile currents of the cryptocurrency market, understanding broader macroeconomic shifts is not just an advantage—it’s a necessity. The upcoming Jackson Hole Speech by Federal Reserve Chair Jerome Powell is one such event that often sends ripples far beyond traditional finance, potentially influencing everything from bond yields to Bitcoin’s trajectory. As the US Dollar strength continues to build ahead of this pivotal address, crypto investors are keenly watching for clues that could dictate the next market move. Jackson Hole Speech: Why Does This Annual Gathering Matter So Much? Every August, the quiet mountain retreat of Jackson Hole, Wyoming, transforms into a global economic hotspot. The Federal Reserve Bank of Kansas City hosts its annual Economic Policy Symposium here, attracting central bankers, finance ministers, academics, and financial market participants from around the world. While the setting is serene, the discussions are anything but. Historically, this symposium has served as a critical platform for central bank leaders, particularly the Federal Reserve Chair, to signal significant shifts in monetary policy or offer nuanced insights into the economic outlook. These pronouncements can have immediate and profound effects on global markets, including the Forex market. A Stage for Policy Shifts: From Ben Bernanke’s hint at quantitative easing in 2010 to Janet Yellen’s discussions on inflation, and Jerome Powell’s recent pronouncements, Jackson Hole has often been the launchpad for major policy discussions. Global Implications: What the Fed Chair says at Jackson Hole isn’t just about the US economy; it reverberates across international markets, influencing currency valuations, commodity prices, and investor sentiment worldwide. Forward Guidance: It provides invaluable forward guidance on the Fed’s thinking regarding inflation, employment, and interest rates, offering a glimpse into future policy decisions. Unpacking US Dollar Strength: What’s Driving the Greenback’s Ascent? In the days leading up to Powell’s Jackson Hole address, the US Dollar strength has been a prominent feature in currency markets. This upward trend isn’t accidental; it’s a confluence of several powerful macroeconomic factors: Safe-Haven Appeal: In times of global economic uncertainty or geopolitical tension, the US Dollar traditionally acts as a safe haven. Investors flock to US assets, particularly Treasury bonds, pushing up demand for the dollar. Interest Rate Differentials: The Federal Reserve’s aggressive interest rate hiking cycle over the past year has made dollar-denominated assets more attractive compared to those in other major economies where central banks might be perceived as less hawkish or further behind in their tightening cycles. Higher yields on US bonds and savings accounts draw capital, increasing dollar demand. Resilient US Economy: Despite fears of a recession, recent economic data from the United States has often surprised to the upside, showing resilience in employment and consumer spending. This relative strength compared to some other major economies, particularly in Europe and China, makes the US a more appealing investment destination. Market Positioning: Traders often position themselves ahead of major events. Anticipation of potentially hawkish remarks from Jerome Powell or a continuation of the “higher for longer” narrative for interest rates encourages dollar buying. The interplay of these factors creates a robust environment for the greenback, making it a critical asset to monitor for anyone involved in global finance, including the crypto space where dollar strength can sometimes weigh on risk assets. Jerome Powell’s Pivotal Role: What to Expect from the Fed Chair? All eyes and ears will be on Jerome Powell as he takes the podium at Jackson Hole. His words carry immense weight, capable of shifting market sentiment in an instant. The primary focus will be on any signals regarding the future trajectory of interest rates and the Fed’s overall stance on inflation. Investors will be scrutinizing his speech for: Inflation Outlook: Will he reiterate the Fed’s commitment to bringing inflation down to its 2% target, even if it means further economic tightening? Or will he acknowledge recent disinflationary trends and suggest a more cautious approach? Future Rate Hikes: The market is divided on whether the Fed will implement another rate hike this year. Powell’s speech could provide clues, either reinforcing the possibility of further tightening or hinting at a prolonged pause. Economic Growth Projections: How does the Fed view the current state of the US economy? Will he acknowledge the resilience or express concerns about potential headwinds? “Higher for Longer” Narrative: This phrase has dominated discussions recently. Will Powell double down on the idea that rates will need to stay elevated for an extended period, even if further hikes are off the table? This has significant implications for borrowing costs and investment decisions. The tone of his speech—whether decidedly hawkish, cautiously optimistic, or dovish—will be paramount. A hawkish stance could further bolster the US Dollar strength and potentially weigh on risk assets like cryptocurrencies, while a more dovish tone could provide some relief. Federal Reserve Policy: Navigating the Future of Interest Rates The direction of Federal Reserve policy is arguably the single most influential factor for global financial markets. Since early 2022, the Fed has embarked on an aggressive campaign to tame inflation through rapid interest rate increases. The upcoming Jackson Hole speech is expected to offer crucial insights into the next phase of this policy. Consider the potential scenarios for future Fed policy: Policy Stance Potential Implications Hawkish (More Hikes/Strong “Higher for Longer”) Further boost to US Dollar, potential pressure on equities and crypto, increased borrowing costs, risk of economic slowdown. Neutral (Extended Pause/Data-Dependent) Dollar might consolidate, markets may find some stability, focus shifts heavily to incoming economic data. Dovish (Hints at Future Cuts/Softer Tone) Dollar likely to weaken, potential rally in risk assets (equities, crypto), reduced borrowing costs, increased liquidity. The Fed’s dual mandate of maximum employment and price stability means that every policy decision is a delicate balancing act. Powell’s challenge will be to communicate the Fed’s path forward without causing undue market volatility, while still ensuring inflation remains on a downward trend. The implications for the Forex market, bond yields, and ultimately, the broader investment landscape, are immense. Forex Market Dynamics: How Will Currencies React? The Forex market, the world’s largest and most liquid financial market, is already pricing in a certain degree of anticipation for Powell’s speech. As the US Dollar strength has been a key theme, other major currencies have felt the pressure. Here’s how different currency pairs might react: USD/JPY: A hawkish Powell could see the dollar strengthen further against the Japanese Yen, especially given the Bank of Japan’s continued ultra-loose monetary policy. EUR/USD: The Euro has been struggling against the dollar. A strong dollar narrative from Powell would likely push EUR/USD lower, while a more dovish tone could offer the Euro some breathing room. GBP/USD: Similar to the Euro, the British Pound could face renewed selling pressure if the dollar strengthens, though the Bank of England’s own inflation battle adds complexity. Emerging Market Currencies: A strong dollar typically spells trouble for emerging market currencies. It makes dollar-denominated debt more expensive to service and can lead to capital outflows. Traders will be particularly attentive to interest rate differentials and carry trade opportunities. If the US maintains significantly higher rates than other major economies, it incentivizes investors to borrow in low-yield currencies and invest in higher-yield dollar assets, further supporting the dollar. This dynamic, driven by Federal Reserve policy, is a powerful force in the currency world. Actionable Insights for Investors: Navigating the Jackson Hole Aftermath As the Jackson Hole symposium approaches, what can investors, particularly those in the crypto space, do to prepare? Stay Informed: Closely follow live coverage and analyses of Powell’s speech. The initial reaction can be volatile, but the underlying message is key. Watch the Dollar Index (DXY): The DXY measures the dollar’s value against a basket of six major currencies. A rising DXY often signals broader dollar strength, which can be a headwind for risk assets. Assess Risk Appetite: A hawkish Fed generally dampens risk appetite, leading investors to pull back from more speculative assets like cryptocurrencies. Conversely, a dovish pivot could reignite interest. Diversification and Hedging: Consider how your portfolio is positioned. For crypto investors, understanding the dollar’s trajectory is crucial for managing exposure to highly correlated assets. Long-Term Perspective: While short-term volatility is likely, focus on the long-term implications of Fed policy for inflation, economic growth, and the overall investment environment. The decisions and rhetoric coming out of Jackson Hole will not only shape the immediate future of the Forex market but will also influence the broader economic landscape, creating both challenges and opportunities for discerning investors. Conclusion: The Unfolding Narrative of Global Finance The impending Jackson Hole Speech by Jerome Powell is more than just an annual event; it’s a critical juncture for global financial markets. As the US Dollar strength continues to be a dominant force, driven by expectations surrounding Federal Reserve policy, the world watches with bated breath. The insights shared will undoubtedly steer the direction of the Forex market and ripple through every corner of the investment world, including the ever-evolving cryptocurrency ecosystem. Understanding these macro currents is essential for making informed decisions in an increasingly interconnected global economy. To learn more about the latest Forex market trends, explore our article on key developments shaping the US Dollar and interest rates liquidity. This post Jackson Hole Speech: Pivotal Anticipation Grips Forex Markets as US Dollar Gains first appeared on BitcoinWorld and is written by Editorial Team

Author: Coinstats
US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell’s speech awaited

US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell’s speech awaited

The post US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell’s speech awaited appeared on BitcoinEthereumNews.com. US Dollar Index appreciates ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium. Fed rate cut odds ease following the US Purchasing Managers’ Index data and Initial Jobless Claims. Cleveland Fed President Hammack stated there is currently no case for cutting interest rates. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.80 during the Asian hours on Friday. Traders await Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming to gain clues on the September policy outlook. The US Dollar appreciates amid easing odds of Federal Reserve (Fed) interest rate cut in September, driven by strong Purchasing Managers’ Index (PMI) and rising Initial Jobless Claims data from the United States (US). According to the CME FedWatch tool, Fed funds futures traders are now pricing in a 75% chance of a rate reduction in September, down from 82% on Wednesday. The preliminary S&P Global US Composite PMI inched higher to 55.4 in August, from 55.1 prior. Meanwhile, the US Manufacturing PMI rose to 53.3 from 49.8 prior, surpassing the market consensus of 49.5. Services PMI eased to 55.4 from 55.7 previous reading, but was stronger than the 54.2 expected. Moreover, US Initial Jobless Claims rose to 235K for the previous week, an eight-week high and above the consensus estimate of 225K, suggesting some softening in labor market conditions. On the sidelines of the three-day symposium, Cleveland Fed President Beth Hammack said, during an interview with Yahoo Finance on Thursday, “I walk into every meeting with an open mind,” “But with the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a…

Author: BitcoinEthereumNews
Australian Dollar declines as US Dollar advances on easing Fed rate expectations

Australian Dollar declines as US Dollar advances on easing Fed rate expectations

The post Australian Dollar declines as US Dollar advances on easing Fed rate expectations appeared on BitcoinEthereumNews.com. The Australian Dollar maintains its position near the two-month low of 0.6414 recorded on Thursday. AUD/USD came under pressure as the US Dollar strengthened following upbeat S&P Global US PMI data. The CME FedWatch Tool indicates a 74% chance of a September rate cut, down from 82% on Wednesday. The Australian Dollar (AUD) steadies near a two-month low at 0.6414 after registering losses in the previous four consecutive days. However, the AUD/USD pair lost ground as the US Dollar (USD) gained ground after the upbeat S&P Global US Purchasing Managers’ Index (PMI) data was released on Thursday. The AUD also received downward pressure as Consumer Inflation Expectations rose 3.9% in August, coming in below the previous increase of 4.7%. The preliminary S&P Global US Composite PMI picked up pace in August, with the index at 55.4 versus 55.1 prior. Meanwhile, the US Manufacturing PMI rose to 53.3 from 49.8 prior, surpassing the market consensus of 49.5. Services PMI eased to 55.4 from 55.7 previous reading, but was stronger than the 54.2 expected. Traders expect the Reserve Bank of Australia (RBA) to remain cautious after last week’s rate cut. However, investors anticipate that the central bank may resume easing with a larger 50 basis-point rate cut, likely in November. Australian Dollar loses ground as US Dollar steadies ahead of Powell’s speech The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is holding ground after registering gains in the previous session and trading around 98.60 at the time of writing. Traders await Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming to gain clues on the September policy outlook. The US Initial Jobless Claims rose to 235K for the previous week, an eight-week high and above the consensus estimate of 225K,…

Author: BitcoinEthereumNews
An institution that manages $2.5 trillion has changed its tune after 6 years: Bitcoin is a reliable store of value

An institution that manages $2.5 trillion has changed its tune after 6 years: Bitcoin is a reliable store of value

In a recent investment report, Allianz Group declared Bitcoin a "reliable store of value," marking the first time that the institution, which manages $2.5 trillion in assets, has recognized digital assets as a legitimate institutional investment target. The report, titled "Bitcoin and Cryptocurrencies: The Future of Finance," stands in stark contrast to Allianz's 2019 policy against Bitcoin investment. Today, the German investment giant defines Bitcoin’s evolution “from an experimental protocol to a reliable store of value” as a core element of modern portfolio construction. “Bitcoin’s deflationary design, decentralized governance, and low correlation with traditional markets make it an attractive hedge and long-term asset,” the report states. Allianz specifically emphasized that Bitcoin's correlation with the S&P 500 index is only 0.12, and its correlation with gold is -0.04, which makes it an effective portfolio diversification tool. Allianz cited "accelerated institutional adoption" as a key factor in Bitcoin's legitimization. The report noted that as of the second quarter, corporate treasury Bitcoin purchases had exceeded ETFs for three consecutive quarters, with publicly listed companies purchasing approximately 131,000 BTC in the second quarter alone. The asset manager also highlighted university endowment funds’ emerging cryptocurrency investment strategies, specifically noting that Emory University was the first U.S. university to publicly disclose a significant Bitcoin investment. Allianz believes this trend indicates that "digital assets are being integrated into the operations and investment strategies of higher education institutions." The report said that Federal Reserve Chairman Jerome Powell recently called Bitcoin the "digital counterpart of gold", further confirming the institution's recognition of Bitcoin. Allianz also noted that increased global regulatory clarity has removed major barriers to institutional participation in the crypto space. The report argues that infrastructure development has facilitated institutional entry. Regulated exchanges like Coinbase, institutional-grade custodians like Fidelity Digital Assets, and SEC-approved Bitcoin spot ETFs have collectively "built a bridge between traditional finance and the crypto space." Allianz described Bitcoin’s transformation as “one of the most profound changes in modern finance” and predicted its continued integration into mainstream investment portfolios. The agency expects that the tokenization of real-world assets and DeFi will "significantly expand the total addressable market for cryptocurrencies." As one of Europe's largest asset management institutions, Allianz's endorsement is significant. In a policy document released in 2019, the company clearly stated that it would avoid cryptocurrency investment due to regulatory uncertainty and volatility concerns. Allianz concluded in its report: “Barring an unforeseen catastrophe or a collapse of the global financial system due to a technological flaw, Bitcoin will become a permanent part of the financial system rather than a short-term speculative trend.” The report further states that digital assets “are not only complementary to the future of global finance, but also its cornerstone.”

Author: PANews