The last time the Fed cut rates was during President Biden’s term, when the central bank lowered rates on Dec. 18, 2024, bringing the federal funds rate (FFR) to its current range of 4.25%–4.50%. Since then, the Fed has been stuck in neutral, refusing to budge even as other central banks around the world have eased 🌎.
The 61-page complaint, Maxwell v. Sarris, filed on 9 July 2025 in the US District Court for the Southern District of New York, makes for thrilling reading, replete as it is with allegations of unregistered broker-dealers, misleading offering exemptions, and a failure to deliver legal title to any of the underlying shares. It’s a veritable smorgasbord of financial malfeasance, and one can hardly wait to see how it all plays out.
Do prepare yourself (preferably with a croissant in one hand and anti-anxiety meds in the other) for yet another Bitcoin (BTC) update—the saga continues! Starring Max Keiser, a man with more opinions than my mum reading my diary. His recent musings: Bitcoin is now basically auditioning to overthrow the US dollar, and in true Max fashion, he’s waving around a bold new price prediction and treating fiat money like a fashion faux pas from the 90s.
According to DT, the reason behind this crypto boom is his administration’s ingenious economic policies 🤓. Specifically, he pointed to the 47% rise in Nvidia stock since the implementation of new tariffs, because, you know, tariffs are the answer to all of life’s problems 🙄. “USA is taking in Hundreds of Billions of Dollars in Tariffs,” he wrote, proclaiming that the country is now “BACK” (in all caps, because subtlety is overrated) and calling on the Federal Reserve to “rapidly lower” interest rates, because who needs fiscal responsibility, anyway? 🤑
The crypto community, a motley crew of tech wizards and digital dreamers, had rallied against this bureaucratic behemoth, arguing that DeFi protocols, often run by algorithms and not by humans, were as capable of compliance as a cloud is of carrying a mountain. 🌤️🏔️
Triple-digit price gains within 24 hours are nothing unusual in the world of crypto. The lesser-known altcoin Hyperlane (HYPER) proved that narrative, skyrocketing roughly 170% within that timeframe to almost match its all-time high of $0.35. Its market capitalization, which stood at around $20 million yesterday (July 9), has surged past $55 million.
The news comes on the heels of Circle’s application to establish a national trust bank in the US, a move that would see the firm overseeing the USDC reserve on behalf of its US issuer. The US Senate, in a rare moment of clarity, passed the GENIUS Act, a stablecoin regulation bill, in mid-June, which promises to bring legal clarity to the world of stablecoin issuers. One can only hope it’s more entertaining than the average legal document.
On the 10th of July, YZi Labs announced a strategic investment in Aspecta, a blockchain infrastructure project that’s like a modern-day alchemist, turning illiquid assets into liquid gold. These assets, ranging from locked tokens to pre-TGE shares and private equity, have been the bane of many a financier’s existence. 🤑
Cue the run-down of all things official and cryptic:
For those who don’t speak crypto, a golden cross is like a green light for a bull run. It happens when the nine-day moving average in the MA Cross indicator flips the 21-day moving average, signaling a potential rally. And wouldn’t you know it, XRP is currently trading up by 3.79% at $2.43, just above the $2.40 level indicated by the golden cross.
