US politicians can accept cryptocurrency donations on the Base chain. According to the Supportcrypto website, supporters can choose from more than 240 cryptocurrencies, including bitcoin and ethereum, or make credit card payments through the platform. Jesse Pollak, head of the Base network, said in a statement that while there is a company behind the platform called Engage Raise, Coinbase Commerce powers its operations.
US senator and bitcoin sceptic Robert Menendez was formally convicted of taking gold and cash bribes, claiming in 2017 that bitcoin was "ideal for criminals".
Traders in the US interest rate options market are taking an emerging bet on the direction of the Fed's interest rates: up to 300 basis points of interest rate cuts over the next nine months (12 cuts at the regular 25BP range). Over the past three trading days, positions in the options market related to the guaranteed overnight funding rate show that if the Fed cuts rates to a low of 2.25% in Quarter 1, 2025,...