Federal Reserve Governor Waller: Crypto stablecoins introduce competition for payments

[Charles Schwab Plans to Launch Bitcoin Trading Services in 2026] Charles Schwab's CEO announced that the company plans to start offering Bitcoin trading services in 2026.

The 4-hour cycle shows that the current price of ETH is below the EMA24 and EMA52 moving averages, which are bearish and have a downward slope, indicating that the downward trend is still continuing. The exclusive chip distribution data for members shows a clear resistance at $3330, while the recent strong support below is in the range of $3845-3869, and the current price is approaching this area. Based on the KDJ indicator, the J value has entered an extremely oversold range, and with the emergence of a bottom pattern, the probability of short-term rebound has increased. But the trading volume continues to shrink, and the market has a strong wait-and-see sentiment. Open a membership now and get real-time chip tracking and accurate buying and selling point tips! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

[Federal Reserve's Hammack: No Need to Raise Interest Rates to Address Inflation Pressure for Now] Federal Reserve's Hammack stated that she currently does not believe it is necessary to raise interest rates to address high inflation pressure but acknowledged that this view might change. She pointed out that although inflation levels are high, raising interest rates is not her current baseline expectation. The Federal Reserve needs to maintain moderately tight monetary policy to reduce inflation amid a weakening labor market. Hammack mentioned that if the labor market performs more robustly, employment data does not indicate an economic slowdown, or inflation remains persistently high, it may prompt her to adjust her stance on interest rate policy.

[Federal Reserve Voting Member Harker Opposes Further Rate Cuts Next Year, Emphasizes Inflation Risks] 2026 Federal Reserve voting member and Cleveland Fed President Harker stated that persistently high inflation levels are unfavorable for the Federal Reserve to implement further rate cuts. She believes that current monetary policy is hardly restrictive and sees no clear justification for additional policy actions. Harker opposed the Fed's rate cut decision last week, pointing out that inflationary pressures remain above target levels and that current policy has limited restrictive effects on economic growth. She also mentioned issues in the labor market, though the unemployment rate remains low.

Founder of Ark Investment, Cathie Wood, has lowered the target price of Bitcoin from $1.5 million to $1.2 million, citing that stablecoins are rapidly replacing Bitcoin as a value storage tool in emerging markets. （Cointelegraph）