Welcome to the 22nd issue of mb.insider. Every week, we break down key updates on the crypto market and the mb.io ecosystem. No noise. Just what matters. As an Insider, you get this news first!
Company updates
We're going live on X
We're hosting another Space on X today, at 9AM EST to celebrate $MBG's first year live, plus break down what's actually happening in crypto right now. Don’t miss it.
Market updates
The Fed decides today. A hike isn't off the table.
The Fed's rate decision lands at 2pm ET today, and markets are pricing roughly a 30% chance of a hike, a live possibility that didn't exist a few months ago. June's dot plot already flipped hawkish, with 9 of 19 officials penciling in a hike by year end, up from zero in March.
Lido just re-architected how Ethereum runs.
Lido began migrating more than 8 million ETH, worth $16.5 billion, to a new validator setup called Curated Module v2. The move is designed to cut Ethereum's total validator count by roughly a third and reduce network attestation messages by about 29% per epoch.
Market at a glance
|
Asset |
Price |
|
BTC |
~$63,900 |
|
ETH |
~$1,920 |
|
XRP |
~$1.11 |
|
SOL |
~$76 |
The market is holding its breath for today's Fed decision, with real odds of a hike priced in for the first time this cycle. BTC and ETH are both consolidating below resistance as traders stay cautious. Today's call could break it either way.
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