Crypto Market Relishes FOMC’s Dovish Outlook for 2024 🐂

💥 MORE: Ethereum Foundation Under Investigation by Unknown Authority

March 21, 2024

Howdy folks,

Today's big news is that the Federal Reserve's FOMC decided to pause hiking interest rates, keeping them at a 23-year peak of 5.5%. They also hinted at possible rate cuts later this year. 🎉

🤔 Wait, what? What does this mean?

Rate cuts mean inflation is cooling down. Incentivizing sidelined investors to take advantage of lower borrowing rates and create the positive market sentiment we like so much.

Short answer: 🐂

In other news:

🔎 Things over at the Ethereum Foundation are getting tense under the lens of an unnamed state authority.

The Ethereum Foundation is a Swiss-based non-profit, key to the Ethereum Network. And while the specifics are unclear, they have confirmed a subpoena has been served using a “warrant canary.“

This comes at the same time as a possible ETH ETF is in the works.

Coincidence? 😫

🎭 After the UK High Court debunked Craig Wright’s claims of being Bitcoin's creator, Satoshi Nakamoto, there's now chatter about a class action lawsuit led by the FaketoshiSUX group.

This organization was born as a cathartic response to having fallen for CW’s manipulations. ⚔

Still, it is unclear at this stage whether it can get the redress it seeks, particularly as Wright’s financial situation is unknown.


🛫🛬 And the Solana memecoin scene seems to be hitting a bit of turbulence.

Tokens like DogWifHat and Bonk are seeing their prices wobble after Solana's founder sternly warned about the dangers of memecoin hype.

A classic case of what goes up must come down.

👉 Friendly Reminder: Memecoins are extremely volatile, with their price heavily dependent on community engagement and market sentiment.


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The Ethereum Foundation Finds Itself Under Investigation By Unknown State Authority: Here’s What We Know So Far

An investigation into the Ethereum Foundation by an undisclosed state authority was revealed recently by a change to their website. Read more on DailyCoin.

Wu Tang Clan Enters Bitcoin Ordinals With Free-To-Mint Music By Top Shelf Rapper Ghostface Killah

The upcoming Ghostface Killah’s inscription leads Wu-Tang to enter Bitcoin Ordinals in style, offering fans blockchain-only music with no strings attached.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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