Bitcoin traders are looking to the Federal Reserve for direction as the central bank is set to announce its latest policy decision later today. While interest rates are expected to remain unchanged, investors are focused on a potential end to quantitative tightening.
Nasdaq-listed cryptocurrency exchange Coinbase has announced the launch of Verified Pools, a new service aimed at reducing counterparty risk for decentralized finance (DeFi) participants.
Strategy, formerly known as MicroStrategy, is moving ahead with a $500 million sale of perpetual preferred stock, aiming to use the proceeds for bitcoin purchases and corporate expenses. The offering, set to price later this week, follows the firm’s recent acquisition of $10.7 million worth of BTC.
Top stories in the Crypto Roundup today:
- Bitcoin Eyes Fed Decision as Investors Weigh Quantitative Tightening Shift
- Coinbase Introduces Verified Pools to Reduce DeFi Counterparty Risk
- Strategy to Raise $500 Million Through Preferred Stock Sale to Accumulate More Bitcoin