Will the Fed Raise Interest Rates in October? Key Signal Arrives

New York Fed President John Williams, the second-ranking official on the Federal Reserves rate-setting committee, pushed back on an October rate hike. The Fed has “no need for urgency,” he said.  Last week, markets predicted a 70% probability of an October rate hike. Today, it has dropped below 50%. What does this mean for Bitcoin and the wider crypto market?  Sponsored  Sponsored  Fed Can Wait After Septembers Hike  The Fed raised its benchmark rate by a quarter point on September 16. This increased the borrowing costs for everything from mortgages to business loans.  Williams is vice chair of the Federal Open Market Committee (FOMC), the group that votes on rates. He spoke at the University at Buffalo.  “With the policy action we took at our September meeting, there is no need for urgency, and we have time to gather more information,” said Williams.  He still called 3.7% inflation “unquestionably too high.” He added that one more hike “may be appropriate late this year.” The Feds two remaining meetings of 2026 fall on October 28 and December 9.  Traders took the hint. According to CME FedWatch, which turns futures prices into odds, the chance of an October hike is now close to a coin flip. Weeks ago, it was well

09-30انڈسٹری

AMD Makes Its Biggest Move Against Nvidia Yet

AMD is paying about $8.2 billion in stock for World Labs, a two-year-old startup run by Fei-Fei Li. Her ImageNet photo database helped launch the modern AI boom.  This startup was actually funded by Nvidia – partially. This now puts Nvidia in a very odd spot.   Sponsored  Sponsored  AMD Buys the Brains to Go With Its Chips  World Labs is basically trying to teach AI to understand and create 3D spaces, rather than only understanding words or flat images.  For instance, ChatGPT can understand: “There is a chair next to a table.”  World Labs wants AI to understand what that room actually looks like in 3D — where the chair is, how far it is from the table, what you would see if you walked behind it, and potentially what happens when objects move or interact. They call this “spatial intelligence.”  With this latest partnership, Li becomes AMD‘s chief scientist, reporting straight to the company’s Chair and CEO.  So excited to welcome @theworldlabs and @drfeifei to the @AMD family! I‘ve always been a huge fan of Fei-Fei and her pioneering research in AI. Together, we’ll combine World Labs‘ deep expertise in AI and world models with AMD’s compute leadership to power the future of AI and… https://t.co/5qaC30Q03T  — Lisa

09-30انڈسٹری

ECB puts AI agent payments on the digital euro drawing board

The European Central Bank is seeking fintechs, payment firms and other organizations to explore the use of AI agents in digital euro payments.  The ECB opened applications on Monday for a new round of its digital euro innovation platform, dividing the program between hands-on testing of payment features and workshops on future digital euro uses.  The experimentation track will run from January through June 2027, with selected participants developing prototypes for e-receipts, multiparty transactions, conditional payments and new front-end features.  Workshops in the first half of 2027 will cover AI-enabled payments, micropayments, machine-to-machine interactions and uses of the digital euro in public services.  A subset of participants will present at the ECBs Frankfurt headquarters. The ECB said the findings could inform future enhancements and use cases for the digital euro.  The digital euro is a proposed central bank digital currency for retail payments across the euro area. It would operate as digital cash alongside banknotes and coins.  The ECB has already selected 36 banks and payment firms, including Revolut, Stripe and Deutsche Bank, for a separate 12-month pilot beginning in the second half of 2027. Any issuance would still require EU legislation and a subsequent ECB decision.

09-30انڈسٹری

Bitwise launches first US spot NEAR ETF after tokens recent surge

Crypto asset manager Bitwise has launched the first US spot exchange-traded product tracking NEAR, giving investors exposure to the token through a fund trading on NYSE Arca.  The Bitwise NEAR ETF, trading under the ticker NRR, carries a 0.75% management fee and will hold NEAR directly, with Bitwise intending to stake a significant portion of the funds tokens.  The launch comes as activity on NEAR Intents, the networks cross-chain transaction protocol, has increased sharply, with volume rising to more than $32 billion compared with less than $1 billion a year ago, according to Bitwise.  Bitwise chief investment officer Matt Hougan told Cointelegraph that the firm sees AI agents as a growing use case for NEAR and has already seen evidence of agents using the network. He expects that activity to increase over time, although most activity on NEAR today remains human-driven.  Hougan added that Bitwise has been working on the US NEAR ETF since launching its European NEAR exchange-traded product in June 2025. NRR joins its US lineup of single-asset crypto products tracking Bitcoin (BITB), Ether (ETHW), Solana (BSOL), XRP (XRP) and Hyperliquid (BHYP).  The NEAR token has rallied sharply over the past month, gaining about 167% to trade around $4.94 on Tuesday, according to

09-30انڈسٹری

Bitcoin Faces Risk as US Credit Card Stress Hits Multi-Year Highs

Weakening household credit alongside high rates could put Bitcoin on the defensive while financial conditions tighten.  Serious credit card delinquencies among Americans aged 18 to 29 rose 10.1% in the second quarter of 2026, the highest since Q1 2025.  The same stress is showing up in older age groups too, and one crypto analytics account reads it as a warning sign for Bitcoin.  Delinquencies Climb Across Age Groups  The share of young borrowers moving into serious delinquency rose 0.4 percentage points from the prior quarter. It was the second straight increase and puts the rate closer to its highest level since Q4 2010, with The Kobeissi Letter noting that the figure has more than doubled since Q2 2021.  Other groups are slipping too. Transitions into 90-plus-day delinquency for Americans aged 70 and over rose 0.3 points to 6.3%, the highest since Q3 2011. Among 50- to 59-year-olds, the rate edged up 0.1 points to 6.4%, the highest since Q4 2024.  Hupzy, an agent associated with Spot On Chain, described the data as a risk-off signal for Bitcoin, arguing that household credit deterioration alongside a hawkish Federal Reserve could weigh on risk assets while longer-term rates remain high.  “For BTC, the setup leans defensive while long-end yields stay

09-30انڈسٹری

Google appeals EU orders to share search data and open Android to AI rivals

Google has asked Europes General Court to throw out two Digital Markets Act orders that would potentially force the tech giant to feed search data to its rival engines and let competing AI assistants run on Android systems with the same reach as its own Gemini.   The appeals are focused on instructions issued by the European Commission in July under the DMA, which represents the EUs rulebook for its largest tech platforms. One of the orders mandates Google to give competing search providers, including AI chatbots, access to the info users search for and click on, along with a January 2027 deadline.  The second order would require Google to open up parts of Android that currently give Gemini an advantage, allowing rival AI services to access features such as voice activation and the ability to carry out tasks within other apps.  Googles privacy and security case  Google is presenting the appeal as a response to what it says are risks to users and not just the company‘s concerns over market share. Oliver Bethell, Google’s senior director of competition, said the decisions would require the company to share users private search histories without adequate anonymization and equally weaken security protections on Android.  Bethell argued that

09-30انڈسٹری

Aztec Labs relaunches zk.money wallet for private Ethereum transactions

Aztec Labs has relaunched zk.money on the Aztec Network, bringing back its private payment wallet after a three-year absence and offering users self-custody of their funds.  SummaryThe original zk.money served more than 75,000 unique wallets and processed $100 million in volume before it was retired in 2023.Aztec Labs says the new wallet keeps balances, transfer amounts, and transaction parties off the public ledger.Users can request payments through links and receive funds through readable zk.money handles.The wallet runs on Aztec Network, the companys privacy-focused Ethereum layer-2.  In a Sep. 29 announcement shared with crypto.news, Aztec Labs said that users can access the relaunched wallet through the zk.money website or a frontend run on their own device. A mobile app is planned, while the website is available for users to claim a handle now.  The company said zk.money hides wallet balances, payment amounts, and the parties to a transfer from the public ledger. Users also control who can interact with their tag, according to the announcement.  For payments, the wallet replaces long Ethereum addresses with names such as bob.zk.money. Users can send or request funds by sharing a link, and Aztec Labs said the tags use Ethereum Name Service technology that resolves wherever ENS CCIP is

09-30انڈسٹری

Bitcoin faces bigger risk from another Fed hike than CLARITY delay, analyst says

Bitcoin has faced a larger threat from a possible second Federal Reserve rate hike than from the Senates failed CLARITY Act vote, according to comments from a HashKey Group researcher shared with crypto.news.  SummaryThe Fed raised its benchmark rate by 25 basis points to 3.75%–4.00% on Sep. 16.HashKeys Tim Sun said an October hike could change how investors view the September decision.The Senates Sep. 15 procedural vote on the CLARITY Act failed 49–50.Sun identified Treasury yields, spot Bitcoin ETF flows and derivatives leverage as key factors for Bitcoin.  Tim Sun, HashKey Group‘s senior researcher, told crypto.news that Bitcoin’s path now depends more on U.S. financial conditions and investment flows than on the stalled market structure bill. In particular, he said another rate increase in October could lead investors to treat Septembers hike as the start of repeated tightening, rather than a single preventive move.  Sun said such a change could end Bitcoins current upward momentum. He pointed to long-term Treasury yields, money entering U.S. spot Bitcoin exchange-traded funds and the amount of leverage in derivatives markets as the main factors to follow.  Why Bitcoin faces an October rate test  The Federal Reserve raised its target range by a quarter percentage point to 3.75%–4.00% on Sep.

09-30انڈسٹری

US crypto ETF inflows cool after $3.3B week but streaks hold

US spot crypto exchange-traded fund (ETF) attracted about $64.8 million on inflows continued to cool on Monday, down roughly 80% from Friday after a strong week of buying.  SoSoValue data showed US spot Bitcoin (BTC) ETFs led Mondays inflows with $31.07 million, followed by $17.1 million for Ether (ETH) ETFs. Solana (SOL) funds recorded $12.7 million, while XRP (XRP) ETFs drew $3.96 million.  The four categories attracted roughly $330.8 million on Friday. Bitcoin funds drew $134.47, while Ether took in $86.95 million, Solana $86.7 million and XRP $22.65 million.  The broad cooldown across US spot crypto ETFs followed a week of strong demand, when the same four ETF categories attracted more than $3.3 billion combined. Bitcoin ETFs led last weeks inflows with $2.39 billion, followed by Ether at $690 million, Solana at $188 million and XRP at $75.6 million. Zcash ETFs added about $35 million last week before posting an $8.1 million outflow on Monday.  US spot Bitcoin ETF daily inflows. Source: SoSoValueCrypto ETF inflow streaks continue despite slowdown  While Mondays inflows were substantially smaller, all four categories remained in positive territory and continued their inflow streaks.  Monday extended Bitcoin ETFs net inflow streak to eight consecutive trading sessions. The funds have attracted about $3 billion

09-30انڈسٹری

Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach

The CEO of crypto exchange Bitget isnt sure that the company can fully freeze or recover all the assets compromised in a security breach last week that resulted in the loss of $388 million in crypto.  Speaking on Cointelegraph‘s Chain Reaction released Tuesday, Bitget CEO Gracy Chen said she was looking at the February 2025 hack of crypto exchange Bybit as a “good reference point” for Thursday’s breach. Hackers stole about $1.5 billion worth of Ether (ETH) from Bybit, and the company reported only freezing and recovering a combined $80 million.  “I‘m actually not very optimistic because after a year or so of Bybit’s hack, they‘ve only [been able to freeze] about 3.5% of the total stolen funds,” said Chen. “That’s only the freezing. Its not about recovery yet.”  Bitget CEO Gracy Chen (left) speaking to Cointelegraphs Ciaran Lyons (right). Source: Cointelegraph  Bitget launched a bounty program in response to the incident, offering 5% of funds frozen and 5% for those recovered. Some companies have already stepped up to try to mitigate user losses.  The team behind NEAR Intents reported on Monday that it had blocked more than $50 million in assets tied to the attack and froze about $500,000. Chen also confirmed that stablecoin

09-30انڈسٹری
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