Hong Kong's Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players► https://t.co/qkMO45v6ma https://t.co/qkMO45v6ma ...

For more on Powell's testimony and how the Middle East conflict uh factors into the Fed's thinking, let's bring in Fed Watch Advisors founder Ben Emmens. Ben, great to see you. Um I first want to ask you about bond yields being at 4.29% on the 10-year and and I'm just wondering because we saw this is a day when the markets rallied.We saw oil come off precipitously. All the risk premium got taken out of the oil market at this point and we didn't have much of a move in the bond market. So at this point is it ...

the first legislative win for the crypto industry, the Genius Act passing in the Senate earlier this week. The bill establishing a federal framework for stable coins and now going to face a vote in the House. Joining us right now is Paulo Arduino.He's the CEO of blockchain platform Tether. Good morning to you. Uh a big move uh in terms of the the sort of next stage of uh of of where you think stable coins go, but there does seem to be some kind of fight taking place in the House over all of this.How involve ...

All right. So, Lauren, I was just mentioning um our Fed survey, our CNBC exclusive Fed survey. It shows the Fed funds rate at 3.89% by the end of this year.Do you see a similar picture playing out with the Fed cutting rates pretty significantly this year. That is our base case expectation this year that the Fed would cut one to two times because frankly that's what the Fed has told us so far. And our expectation for the meeting this afternoon is that the Fed will do as much as it can to do as little as poss ...

We had Michael Schumer on yesterday and he said oil is the main impact on the markets. As long as oil remains, obviously we don't want World War II. Uh but in terms of this conflict, as soon as oil shoots up, that's when the markets get impacted.We didn't see that. We haven't seen that. Doesn't look like we're going to see that at least for now.No. And you know, we talk about this all the time. Steve brings it up.Geopolitical bounces in oil are typically short-lived. And I think this is going to be similar ...

[Music] Welcome to the brainstorm episode 91. Today we're talking stable coins. We've got Lorenzo and Ray Hottie.Ray, new new to ARC. First time on the brainstorm. Let's just do quick quick intro before we dive in.Yeah. So, I joined the ARC team as a digital asset research associate about almost two months ago. So, background mainly in the crypto space.couple years of that in school and out of school, but you know, really excited to be here, part of the team. Awesome. And so, stable coins in the mind, I fee ...

There's the dollar melting away below 98. It's now at its lowest level since March of 2022, and it's down about 10% against a basket of currencies year to date, as you can see there. Outflows fueled by the president's trade policies, rising odds of a Fed cut, and more.Our next guest, though, knows it's good news for another asset class, the rise of crypto. Mike Novagrath is founder and CEO of Galaxy Digital. They also had an IPO lately, Mike.Uh, it's good to see you again. I think what was the high we hit o ...