The latest price moves in crypto markets in context for Sept. 20, 2023.
suppressed, consistent with the calm in U.S. stock and bond markets. The low volatility will likely continue after Wednesday's Federal Reserve rate decision, according to some crypto traders.
The Fed will announce the rate decision at 14:00 ET accompanied by a statement, the Summary of Economic Projections and a new"dot plot" of interest-rate estimates. Fed Chair Jerome Powell will follow with a press conference 30 minutes later. To tame inflation, the central bank has raised rates by 525 basis points since March 2022, with the early phase of the so-called tightening cycle injecting volatility into the liquidity-addicted crypto and traditional markets.
Sam Bankman-Fried’s dad, Joe Bankman, was paid a $200,000 salary by FTX’s U.S. division, according to the filing from FTX’s bankruptcy estate, which just sued the parents. But that wasn’tin a Jan. 12, 2022, message that he was supposed to get $1 million annually starting the previous month, according to the filing. Then he emailed his son. “Gee, Sam I don’t know what to say here,” he wrote, according to the filing.
. According to K33 Research, Binance’s seven-day average spot BTC volume is down 57% since the beginning of September versus roughly flat readings at a number of other exchanges. Volumes at U.S.-based competitor Coinbase are 9% higher. The dramatic decline comes as Binance is in the crosshairs of regulators around the world following a string of lawsuits, license rejections and voluntary withdrawals. Prosecutors at the U.S.
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