Coinbase Integrates Real-world Assets, BlackRock Revises ETF Application

Dec 13, 2023

Equities are flat as investors wait for the Federal Reserve’s policy decision later today, where they are expected to hold rates steady. While a pause is largely priced in, investors will hone in on Chair Powell’s commentary to anticipate when rate cuts could be expected. According to CME, markets are pricing in a potential rate cut as early as next Spring, something Powell could attempt to push back on. BTC is recovering some losses after starting the week with a liquidation-driven sell-off, gaining 2.6% to trade back at $42.1k. ETH is recovering but continuing to underperform, gaining only 1.7% to reach $2.2k. Gaming continues to be one of the stronger sectors, with BEAM rising 20.1% in the last day. AI decentralized machine learning project Fetch.ai (FET) is the second largest gainer in the top 100 after BEAM, gaining 18.9%. 

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