Paxos launches new startup to help institutions offer DeFi products

The post GBP/USD rises as Fed rate cut odds boost Sterling appeared on BitcoinEthereumNews.com. GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s losses as the US Dollar (USD) recovers some ground. Inflation data in the US kept steady the chances of a Federal Reserve (Fed) cut at the December meeting, weighing on the Greenback. At the time of writing, the pair trades at 1.3349, up 0.19%. GBP/USD rallies as US Core PCE reaffirms Fed rate cut in December The Core Personal Consumption Expenditures (PCE) Price Index, the Fed’s favorite inflation gauge, which excludes food and energy, rose by 0.2% MoM in September, unchanged from August and aligned with estimates. In the twelve months to September, it ticked lower from 2.9% to 2.8%. At the same time, the University of Michigan Consumer Sentiment in December rose to 53.3, above estimates of 52 and up from November’s final reading of 51. Joanne Hsu, the Director of the Surveys of Consumer, noted that “consumers see modest improvements from November on a few dimensions, but the overall tenor of views is broadly somber.” Americans’ one-year inflation expectations in December dipped from 4.5% to 4.1%. For a five-year period, it decreased from 3.4% in November to 3.2%. Given the backdrop, expectations for a 25 basis points (bps) Fed rate cut next week remained unchanged at 84%, as revealed by Capital Edge Rate Expectations Overview data. Source: Capital Edge After the data release, GBP/USD bounced towards 1.3350 after meandering around 1.3340 as the US Dollar tumbled to expectations of further easing. In a note, Morgan Stanley said it expects a 25-bps cut in December, in January, and in April of 2026. They expect the Fed funds rate to end at 3%-3.25%. The British Pound (GBP) shrugged off worries about last month’s budget, while business activity showed some improvement, according to S&P Global. Despite this, the Bank of England…

TLDR Crossmint enables MoneyGram’s new stablecoin payment app for cross-border transfers. The new app allows USDC transfers from the US to Colombia, boosting financial inclusion. MoneyGram offers USDC savings and Visa-linked spending for Colombian users. The collaboration simplifies cross-border payments with enterprise-grade blockchain tech. MoneyGram, a global leader in remittance services, launched its stablecoin-powered cross-border [...] The post Crossmint Partners with MoneyGram for USDC Remittances in Colombia appeared first on CoinCentral.

The post MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows appeared on BitcoinEthereumNews.com. MOEX to Launch $XRP Indices/Futures: $MAXI Adoption