 held on Sept. 18t, U.S. Federal Reserve declared a 0.5 percentage point interest rate cut, and Bitcoin (BTC) showed a \'rollercoaster move\'. Bitcoin quickly surpassed 61,000 dollars in the early morning of Sept. 19, and fell to 59,000 dollars, along with other risky assets, due to concerns about a recession caused by the Fed\'s sharp announcement of a rate cut. 2. Bitgo \"Launching Dollar Linked Stablecoin\" Cryptocu', 'https://img.blockstreet.co.kr/photo/2024/08/30/20240830000001_0640.jpg', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2024091909112909688'));){kind=link}
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At the Federal Open Market Committee(FOMC) held on Sept. 18t, U.S. Federal Reserve declared a 0.5 percentage point interest rate cut, and Bitcoin (BTC) showed a 'rollercoaster move'. Bitcoin quickly surpassed 61,000 dollars in the early morning of Sept. 19, and fell to 59,000 dollars, along with other risky assets, due to concerns about a recession caused by the Fed's sharp announcement of a rate cut.
2. Bitgo "Launching Dollar Linked Stablecoin"
Cryptocurrency custodian Bitgo announced that they will launch dollar-linked stablecoin in January next year with the aim of expanding its competitiveness in the cryptocurrency market. Bitgo announced that they will launch a new service by launching 'USDS', a stablecoin that is 100% linked to U.S. short-term government bonds and cash.
3. Revolut Announces Dollar Stablecoin Launching Plan
British fintech company Revolut announced that they will launch dollar-linked stablecoin for the purpose of cross-country banking business. Based on the testimony of sources, CoinDesk reported on Sept. 18 that Revolut plans to launch stablecoin as part of its business expansion following the launch of its own exchange this year. Although the exact release date of Revolut's stablecoin is still undecided, the stablecoin will be the first to comply with regulations.
4. BlackRock "Customers Buy Bitcoin On U.S. Debt Crisis"
BlackRock reported through PPT released on Sept. 18 that BlackRock's customers are purchasing Bitcoin for the purpose of responding to the U.S. debt crisis. BlackRock stressed that depending on the unique characteristics of Bitcoin, BlackRock's customers are purchasing Bitcoin as 'hedging asset' of various assets that change rapidly depending on macroeconomic risk variables.
5. Cynthia Lummis "U.S. Cryptocurrency Regulation Expected to Pass Within This Year"
Sen. Cynthia Lummis, a pro-cryptocurrency senator, predicted that the U.S. cryptocurrency regulations passed within this year. In a speech at the Financial Market Quality Conference held on Sept. 18, Lummis argued that the current bipartisan cryptocurrency regulations in the Senate are making great progress and could be passed at the end of the year by filling in insufficient details.
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