📈 FOMC raised rates by 25 basis points to 3.75%–4%
The Fed stated this increase aims to speed up reaching 2% inflation. All 12 FOMC members voted unanimously; most project rates at 4.1% by end-2026, with the median longer-run rate now revised up to 3.2%.
⚡️ Circle launched the Arc mainnet, its new L1 blockchain created for financial markets and the AI agent economy, with BlackRock, Visa, Mastercard and the DTCC as founding validators
⚡️ X launched its Cashtag Partner Program in the US, allowing users to trade stocks, ETFs, or crypto directly through integrated brokerages like Gemini, Kraken, and Coinbase
📢 Coinbase CEO Brian Armstrong said the Senate's failure to advance the Clarity Act is a "disappointment" but believes regulatory clarity will still come to crypto.
He stated that both the SEC and CFTC have the necessary tools to establish clearer rules for the industry.