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- 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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The FCA in the UK is considering exempting certain TradFi rules for cryptocurrency companies.
The UK Financial Conduct Authority (FCA) has just published a consultation document regarding the application of current financial regulations to cryptocurrencies, aimed at establishing a legal framework for the industry. The FCA proposes minimum standards that cryptocurrency companies must meet, focusing on balancing innovation, competitiveness, and consumer protection.
David Geale, the CEO of the payment and fintech sector, stated that the new regulations will not completely eliminate investment risks, but will help businesses comply with common standards while increasing investor confidence.
The FCA also consulted on the application of the Consumer Duty ( for cryptocurrencies, as well as the complaint handling mechanism through the Financial Conduct Authority. This move follows a draft law from the Treasury aimed at bringing cryptocurrency exchanges and brokers into the regulatory framework, asserting that the UK is "open for business" but firmly against fraud.