Oil prices eased after data showing an increase in U.S. diesel stockpiles stoked worries about demand and the U.S. Federal Reserve cut interest rates as expected.
Oil prices ease on US demand concerns following Fed’s cut
Metaplanet expands Bitcoin strategy with new US, Japan units
Metaplanet, the Japanese hospitality and real estate group turned Bitcoin treasury company, is ramping up its crypto strategy with the launch of two new subsidiaries, one in the US and one in Japan. Goal is to grow Bitcoin income and expand domestic crypto media operations.
Fed delivers normal-sized rate cut, sees steady pace of further reductions
The Fed cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year, as policymakers responded to concerns about weakness in the job market in a move that won support from most of Trump’s central bank appointees.
Dollar falls to four-year low vs euro with Fed rate decision on tap
The dollar fell across the board, hitting a four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week. The euro rose by 0.9% higher to its highest level since September 2021.
Oracle, Silver Lake consortium to control 80% stake in TikTok in US
TikTok’s U.S. operations would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz, under a framework the U.S. and China are finalizing. A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake
Pump.fun daily volume crosses $1B as memecoins surge in September
Solana-based memecoin launchpad Pumpfun recorded more than $1 billion in daily trading volume Monday as the sector extended its September rally. Data from decentralized exchange Jupiter showed Pump.fun processed $942 million in transaction volume on Sunday before topping $1.02 billion on Monday.