It was beginning to look a lot like Christmas until Jerome Powell surprised markets on Wednesday with what he said was the last interest rate cut for a while.
The Fed’s chair comments propelled the prices of both traditional stocks and crypto assets to fall, and Bitcoin, which reached
Arthur Hayes envisioned a stablecoin independent of the fiat banking system. Ethena, inspired by his ideas, still relies on centralized systems like USDT, falling short of full decentralization.
Trump's nominee may end Gensler's war on digital assets, but legacy Democratic appointments and banking hesitancy could challenge the pro-crypto agenda.
Polygon investors face uncertainty as Lido exits due to adoption struggles and increased competition, while Aave considers following suit amid governance disputes.
