The post Bitcoin Jumps to $116,000 as Powell Hints at Fed Rate Cut appeared on BitcoinEthereumNews.com. Federal Reserve Chair Jerome Powell signalled the US central bank may soon pivot toward easier monetary policy, telling the Jackson Hole Economic Policy Symposium that “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance Federal Reserve Chair Jerome Powell signalled the US central bank may soon pivot toward easier monetary policy, telling the Jackson Hole Economic Policy Symposium that “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” The remarks, delivered after five consecutive meetings with rates on hold, sharpen expectations that policymakers could lower borrowing costs as soon as their 16-17 September gathering. Risk assets reacted swiftly. Bitcoin jumped from about $112,000 to a record $116,600 within minutes of Powell’s speech, while Ethereum gained almost 9% to roughly $4,650, approaching its all-time high. Solana and other major tokens also advanced, and the total value of digital assets neared $4 trillion, according to CoinGecko data. Powell tempered his dovish tone by warning that inflation remains elevated and that the full impact of Washington’s 145% tariff on Chinese goods has yet to appear in price data. Even so, traders increased bets on at least one rate cut this year, with swap markets now implying a move at the September meeting. The prospect of looser policy also rippled into equity markets: crypto-linked stocks such as Coinbase and mining firms rose, and Ether-focused exchange-traded funds drew net inflows after four days of redemptions. Analysts said a confirmed rate reduction would likely reinforce the nascent rebound in digital-asset prices, which had been under pressure ahead of Powell’s address. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/bitcoin-jumps-to-116000-powell-hints-fed-rate-cut-24bcd223The post Bitcoin Jumps to $116,000 as Powell Hints at Fed Rate Cut appeared on BitcoinEthereumNews.com. Federal Reserve Chair Jerome Powell signalled the US central bank may soon pivot toward easier monetary policy, telling the Jackson Hole Economic Policy Symposium that “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance Federal Reserve Chair Jerome Powell signalled the US central bank may soon pivot toward easier monetary policy, telling the Jackson Hole Economic Policy Symposium that “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” The remarks, delivered after five consecutive meetings with rates on hold, sharpen expectations that policymakers could lower borrowing costs as soon as their 16-17 September gathering. Risk assets reacted swiftly. Bitcoin jumped from about $112,000 to a record $116,600 within minutes of Powell’s speech, while Ethereum gained almost 9% to roughly $4,650, approaching its all-time high. Solana and other major tokens also advanced, and the total value of digital assets neared $4 trillion, according to CoinGecko data. Powell tempered his dovish tone by warning that inflation remains elevated and that the full impact of Washington’s 145% tariff on Chinese goods has yet to appear in price data. Even so, traders increased bets on at least one rate cut this year, with swap markets now implying a move at the September meeting. The prospect of looser policy also rippled into equity markets: crypto-linked stocks such as Coinbase and mining firms rose, and Ether-focused exchange-traded funds drew net inflows after four days of redemptions. Analysts said a confirmed rate reduction would likely reinforce the nascent rebound in digital-asset prices, which had been under pressure ahead of Powell’s address. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/bitcoin-jumps-to-116000-powell-hints-fed-rate-cut-24bcd223

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more