Crypto Markets Rebound on Stablecoin Growth, Fed Rate Outlook
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Stablecoin supply has turned positive for the first time since the Terra/Luna collapse, suggesting market liquidity is returning.
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Bitcoin and ether rose on hopes for a spot ETF approval after SEC delayed decision rather than denying.
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Fed officials are pushing back on market bets of rate cuts, warning hikes may still come as yields drop.
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Paxos got a license to issue dollar-backed stablecoins in Singapore, expanding ecosystem.
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Macroeconomic data showed jobless claims rose and inflation slowed, sparking recession worries.