Here are three big stories to watch in crypto this coming week, from the Fed's interest rate decision to Arbitrum's airdrop.
ended the week down about 11%. Investors are likely to experience more turbulence heading into the open on Monday unless regulators can restore confidence.
from the Financial Times. All eyes will be on Credit Suisse and the knock-on effect the news has on markets.Speaking of markets, as banking stocks tumbled, bitcoin and ether surged. Analysts and investors will be watching closely to see whether the crypto assets maintain this rally with the Federal Reserve expected to hike interest rates on Wednesday.
Layer 2 scaling solution Arbitrum will airdrop its token on Thursday. About 12.75% of its total token supply will be airdropped to the community. The tokens will be given to those who have used the network over the last year. Offchain Labs, the developer of Arbitrum, worked with crypto data provider Nansen to design the criteria designating who should receive the airdrop, The Block
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed poised to approve quarter-point rate hike next week, despite market turmoilChairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.
Read more »
How the Fed is forced to 'walk and chew gum' at the same timeThe Fed's anti-inflation tools work at cross purposes with the ones it uses to prevent a financial crisis. It faces a set of hard choices as it tries to solve both problems at once.
Read more »
Forex Today: Yen gains in rough waters ahead of Fed, SNB, BoE and PMIsHere is what you need to know for next week Wall Street indexes ended higher a volatile week as traders sail in rough waters. The Nasdaq gained more t
Read more »
Stock market news today: Bank worries linger amid borrowing from FedUS stocks fall as bank worries linger after firms borrow $165 billion from Fed to shore up liquidity
Read more »
Bank troubles roil markets and make Fed's decision next week more fraughtDread that more trouble could be unearthed in the banking sector has created a cloud of worry around markets that will not easily be shaken.
Read more »
What it may take to calm banking sector jitters: Time, and a Fed rate hike.Why First Republic's $30 billion injection from big U.S. banks on Thursday isn't calming the stock market yet.
Read more »