Fed Rate Decision Expected: The major event of the day is the anticipated Federal Reserve interest rate decision and FOMC outcome. The market is widely expecting a 25 basis point rate cut, which is generally seen as a boost for risk assets like cryptocurrencies.
Solana ETF Launch: Grayscale's Solana Trust (GSOL) is converting to a spot ETF, a significant development that expands institutional access to Solana and could impact capital flows across the altcoin market. This launch, along with new ETFs for Litecoin and Hedera, signals growing mainstream acceptance beyond just Bitcoin and Ethereum.
Institutional Adoption: Citi and Coinbase announced a partnership to develop digital asset payment solutions for Citi's institutional clients, aiming to streamline crypto payments. Political Crypto Focus: There are reports highlighting the growing crypto ventures of the Trump family, with one report claiming an $864 million windfall in the first half of 2025 from various crypto projects. This raises ongoing questions and debates around potential conflicts of interest and regulatory oversight.
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Wednesday, October 29, 2025
Fed Rate Decision Expected: The major event of the day is the anticipated Federal Reserve interest rate decision and FOMC outcome. The market is widely expecting a 25 basis point rate cut, which is generally seen as a boost for risk assets like cryptocurrencies.
Solana ETF Launch: Grayscale's Solana Trust (GSOL) is converting to a spot ETF, a significant development that expands institutional access to Solana and could impact capital flows across the altcoin market. This launch, along with new ETFs for Litecoin and Hedera, signals growing mainstream acceptance beyond just Bitcoin and Ethereum.
Institutional Adoption: Citi and Coinbase announced a partnership to develop digital asset payment solutions for Citi's institutional clients, aiming to streamline crypto payments.
Political Crypto Focus: There are reports highlighting the growing crypto ventures of the Trump family, with one report claiming an $864 million windfall in the first half of 2025 from various crypto projects. This raises ongoing questions and debates around potential conflicts of interest and regulatory oversight.
#Crypto
#Market