Odaily’s latest morning brief reported that the Federal Reserve kept interest rates unchanged as expected. The FOMC statement also showed that 9 of the 18 FOMC participants expect a rate hike in 2026, making monetary policy one of the central items in this update.
Fed Decision and U.S. Crypto Policy Developments
In U.S. political and regulatory news, bipartisan lawmakers introduced a proposal aimed at preventing SBF from receiving a presidential pardon or a sentence reduction. Illinois signed a 0.2% crypto transaction tax, which the industry described as one of the most anti-crypto laws in the United States. The U.S. Department of Justice also seized about $9 million in USDT connected to a crypto scam network involving “pig-butchering” fraud.
The brief also included comments from market figures. Ansem said he is bullish on SpaceX becoming the world’s largest company by market capitalization, while warning about selling pressure tied to the August share unlock. Serenity, referred to in the item as the “white-haired stock god,” said he is optimistic about an early-cycle boom in robotics and would go long on Leader Harmonious Drive Systems if he were in China.
Trading Activity, ETF Debate and Funding News
On the market and product side, SPCX became one of the highest-volume HIP-3 markets, with trading volume exceeding $1.125 billion. Debate around BlackRock’s Bitcoin income ETF also intensified, with discussion focused on possible flaws in its strategy design and the prospect that its long-term performance may lag BTC.
Corporate and financing updates rounded out the brief. Revolut received a license from the Central Bank of the United Arab Emirates and will enter the Middle East market while preparing a localized launch. AI financial compliance infrastructure company Flagright completed a $12.5 million Series A financing round with participation from YC and others. Stablecoin payment infrastructure firm Trace Finance completed a $32 million Series A round led by CoinFund.