Starknet Roadmap Includes Parallel Processing, Robinhood Releases Crypto Wallet to Android Users

The Federal Reserve is set to announce its interest rate decision at 2 PM EST today. The key thing to watch will be the committee’s “dot plot” which shows their longer-term expectations for interest rates. Markets are pricing 75 bps of rate cuts this year, which aligns with the committee’s previous dot plot, so any deviations could impact markets. Fear surrounding today’s FOMC meeting may have contributed to Bitcoin ETFs experiencing their largest day of net outflows since inception, with an outflow of $362.2 million yesterday. BTC (+3.51%) has rebounded from a low of $60.8k to approximately $64.1k in today’s trading. ETH (+7.17%) is showing larger gains despite Bloomberg analysts now expecting that spot Ether ETF applications will be denied in May. The downgrade is due to a lack of engagement from the SEC with issuers. In contrast, in the months ahead of the Bitcoin ETF approval, there was significant back and forth between issuers and the SEC to iron out details. The reduced approval probability has caused the ETHE discount to widen from 8% back down to 20%, the largest discount since November.