Mt. Gox Extends Repayment Deadline, PYUSD Integrates with Venmo
Sep 21, 2023
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Market Update U.S. equities and crypto markets are falling today as investors digest the idea of a higher-for-longer interest-rate future. Following yesterday’s FOMC meeting, expectations for the 2024 and 2025 federal funds rate sharply increased (see below). The SPX and NDQ are both down over 1% at the time of writing, while $BTC (-1.63%) and $ETH (-1.98%) are showing larger declines. $ETHBTC has fallen below 0.06, its lowest level since July 2022. With the possibility of an Ether Futures ETF being approved in early October, it is worth monitoring a potential reversal in the ratio and a pe