U.S. asset managers are racing to launch new cryptocurrency ETFs after the SEC eased listing rules. Products tied to solana, XRP, and other altcoins could debut as early as October, expanding beyond bitcoin and ethereum.
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.
Federal Reserve Chairman Kevin Warsh stressed commitment to the 2% inflation target. He clarified there is no implicit inflation target above this for the committee
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