7 days ago
A high-ranking official at the Federal Reserve says the central bank “would absolutely be prepared” to step in and stabilize financial markets if needed, according to a new report. Federal Reserve Bank of Boston President Susan Collins just assured markets that the Fed will deploy financial firepower if necessary, reports The Financial Times. For now, Collins says the Fed believes all systems are in working order. “Markets are continuing to function well… We’re not seeing liquidity concerns overall… [The central bank] does have tools to address concerns about market functioning or liquidity should they arise… We have had to deploy quite quickly, various tools [in the past]. We would absolutely be prepared to do that as needed.” The comments come amid continued global market volatility over President Trump’s tariffs. Amid Trump’s tariff rollouts, the basis trade, which capitalizes on price gaps between Treasury futures and bonds, has suffered a rapid unwind. The Federal Reserve, which oversees financial stability, has previously stepped in to provide liquidity to stabilize the Treasury market during such disruptions. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Federal Reserve ‘Absolutely Prepared’ To Inject Firepower, Stabilize Markets If Necessary: Fed Official appeared first on The Daily Hodl .
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BNB Chain’s announces upgrade to $100m incentive program
BNBChain is upgrading its $100 million incentive program to feature direct token acquisition. According to an update , the change in approach follows ecosystem feedback that showed the initial liquidity program for memecoins, decentralized finance, artificial intelligence and gaming tokens among other projects on BNB Chain was not as effective as expected. BNB Chain initially announced the $100 million program aimed at incentivizing centralized exchanges to list native BNB Chain tokens in March 2024. The goal was to strengthen on-chain liquidity and to solidify market foundations, with projects earning rewards for listing on CEXs in a tiered approach. Top exchanges included Binance , Coinbase, Upbit, while tier two and three consisted of Kraken, Bybit, OKX and Bitget, MEXC, Gate.io, KuCoin, Crypto.com respectively. Rewards ranged from $10k to up to $500k. You might also like: Crypto exchange Kraken to add support for Binance-backed BNB token According to BNB Chain, feedback after a three-week pilot showed this model wasn’t working, which is what prompted the change. Rather than the incentives aimed at through listings, the BNB Chain now plans to support high-performing projects via direct investments. Projects with a market cap of over $1 million and average daily active traders exceeding 300 or total value locked of $20 million can enter a “qualified pool.” Other metrics, including security, will apply, with selected projects seeing BNB Chain Foundation purchase $100,000 worth of tokens. “BNB Chain Foundation also keeps the flexibility to decide when to purchase tokens and how to handle the purchased tokens,” the platform wrote. This initiative eyes tokens that qualify as being 100% BNB Chain native, with this tag extended to those that have successfully migrated from other chains. The blockchain has seen an influx of new projects as developer activity spikes across DeFi, AI, web3 gaming, and memes. Some of these new launches include infra project Quex Tech, payments solution Crypto Use, AI-powered web3 launchpad BNB4.AI and Market.Win, an oracle data-based prediction market. You might also like: Interview: BNB Chain on hosting Trump-affiliated USD1 stablecoin The Daily Hodl
Get Ready for ADA Coin’s Potential Surge as BTC Stabilizes
ADA Coin shows potential for a 30% price increase according to Ali Martinez. Bitcoin is maintaining a stable price, giving rise to optimism in the market. Continue Reading: Get Ready for ADA Coin’s Potential Surge as BTC Stabilizes The post Get Ready for ADA Coin’s Potential Surge as BTC Stabilizes appeared first on COINTURK NEWS . The Daily Hodl
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