CEX.IO chief analyst Illia Otychenko said that while lower interest rates are usually good for risk assets like bitcoin, investors should focus on the Fed's forward guidance. Even if the Fed chooses to cut interest rates by 50 basis points, the market's reaction may depend on Fed Chair Jerome Powell's comments on future monetary policy actions. Without clear forward guidance, institutional investors may reduce their risk exposure, which could dampen bitcoin's bullish momentum. (Decrypt)
According to Henk Jan Hoogendoorn, Head of Financial Services at the Qatar Financial Centre (QFC), Qatar has established a solid framework for tokenizing a wide range of real-world assets, including securities, debt capital markets instruments, investments, Islamic bonds and other asset classes. The framework is expected to be completed and promulgated in the fourth quarter of this year. In addition, QFC recently established a Digital Asset Lab to encourage innovation and research in finance and...