The Daily: ‘Powell’s pullback,’ Uphold’s XRP rewards card, SpaceX’s bitcoin move, and more
Bitcoin dipped after Fed Chair Powell's comments, while Uphold relaunched its XRP rewards card and SpaceX moved more BTC.Summary
Bitcoin dropped to around $107,000 following Federal Reserve Chair Powell's indication that a December rate cut is not guaranteed, despite a recent 25 basis point reduction. In other crypto news, Uphold has relaunched its U.S. debit card, offering up to 6% in XRP rewards for spending, catering to its strong XRP community. Elon Musk's SpaceX transferred another 281 BTC ($31 million) to a new wallet, continuing a custody consolidation effort this month. Furthermore, MetaMask's parent company, Consensys, is reportedly pursuing a U.S. IPO led by JPMorgan and Goldman Sachs. Other developments include the launch of KRWQ, the first Korean won-pegged stablecoin on Base, and Western Union filing a trademark for "WUUSD" following its Solana stablecoin announcement.
(Source：The Block)