Base and Optimism Share Revenue and Governance, Mastercard Terminates Binance Partnership
Aug 25, 2023
All eyes turned to Jackson Hole this morning as Jerome Powell says the Fed will âproceed carefullyâ on any further rate rises this year. Futures pricing imply that investors see a near-50% chance of another hike by year end. Ahead of Powell’s much-awaited speech, markets opened higher before retracing to flat relative to yesterday’s close after the speech. ^SPX -0.08% and QQQ 0.22% are both down by 0.1%, while yields on the US10Y surged to 4.29%. Digital asset markets are relatively flat over the past day. BTC is 0.6% lower in the past 24 hours after spiking above, then getting rejected from the $26k level earlier in the week, while ETH is trading 0.4% higher in the same period.