Federal Reserve's Collins says slightly more restrictive interest rates could help inflation fall
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Collins of the Federal Reserve stated that a slightly more restrictive federal funds rate would help ensure that inflation continues to fall back to target levels.
[Main password: BTC main player shows consistency anomaly, with a total of $434 million in pending orders]
Funds seem to have entered a tug-of-war, with market divergence possibly still brewing.
The US Treasury Department has sanctioned Iran's BitBank, accusing the exchange of handling Bitcoin payments for ships under the Hormuz security insurance program and assisting the Islamic Revolutionary Guard Corps in transferring $100 million in Bitcoin. The Office of Foreign Assets Control in the United States stated that Babak Zanjani's network had used BitBank to transfer funds, and US Treasury Secretary Scott Bessent stated that Bitcoin payment channels are regulated by the Office of Foreign Assets Control in the United States. (Source: Bitcoin News)
Federal Reserve Vice Chairman Jefferson stated that the discount window of the US central bank is always ready to provide liquidity support when needed, and this tool, together with the standing repo operation, helps alleviate the pressure on the financing market.
The first L2 network in the Hyperliquid ecosystem, Elysium testnet, has been launched. This network is a general-purpose high-performance L2, settled to HyperEVM and co located with HyperCore, using HYPE as the native gas token, and currently running Conduit's G2 sorter.
Coinbase integrates Morpho Midnight to launch a fixed rate USDC loan with Bitcoin as collateral. Users can lock in the interest rate and repayment due date when borrowing. This product runs parallel to the floating rate lending based on Morpho Blue, which has outstanding loans of over $1.4 billion on Coinbase and collateral of approximately $3 billion. Morpho Midnight has been deployed on the Base chain, with a current deposit size of approximately $30 million. Coinbase offers two maturity dates, the end of this month and the end of next month. If the borrower fails to repay before maturity, the lender can dispose of the borrower's collateral. (Source: The Block)
