Fed makes aggressive 50 bps cut amid recession fears
Key Takeaways
- The Fed’s rate cut to 4.75%-5.00% reflects rising economic concerns.
- Major banks increase recession probabilities following the Fed’s decision.
- Ethena Labs suffers frontend attack, confirms protocol remains unaffected
- Bitcoin jumps close to $61,000, then pulls back after Fed’s rate cut
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Coinbase Wrapped Bitcoin hits $100M market cap
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