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Also Read: Will BTC Price Recover Before September 1, 2023? What’s Next for Bitcoin? advertisement The Holesky Update Recently, Parithosh Jayanthi, a DevOps at the Ethereum Foundation, informed during the Execution Layer Meeting that there were updates to share on about Devnet-8 and Holesky testnet. This was in response to the meeting called for on various other topics by Tim Beiko, an Ethereum core developer. The Holesky mainnet is likely set for launch around September 15, 2023. This upgrade would replace Goerli as a staking, infrastructure and protocol-developer testnet. “We’d like to bring up testing updates from Devnet-8 and Holesky updates (We tested out 1.4 million validators and more than 1B Ether in the network and would like to propose the same for Holesky).” ETH Price: What Could Impact? Around August 18, 2023, the wider Crypto Market s experienced a bearish cycle over selloff in the US financial markets as well as the...

“The tools to maintain financial stability are likely to weigh on economic conditions, hiring and inflation. So, as a result, our policy rate may not need to rise as much as it would have to achieve our goals.” advertisement Powell Warns About Further Market Shocks Jerome Powell said the markets will be facing the dilemma about future market shocks for a ling time and that it will be hard to predict them. The Fed Chair was speaking at a panel discussion on the “Perspectives on Monetary Policy” before the Thomas Laubach Research Conference hosted by the Federal Reserve Board of Governors on Friday. The discussion happened amid a mixed expectation in the Crypto Market about whether the US Fed would pause or maintain a hawkish pause in the June 2023 FOMC meeting. Also Read: Will Central Banks Utilise XRP Via Ripple’s CBDC Platform? However, recent comments from the central bank officials sided more towards further raising i...

Also Read: Binance Adds Additional Functionalities for PEPE, FLOKI advertisement To start the week, US regional bank stocks showed some recovery in premarket hours, leading to renewed hopes of an end to the banking crisis. Meanwhile, Bitcoin price dipped as crypto exchange Binance halted Bitcoin withdrawals. Christopher Whalen: More Banks Could Fail Popular analyst and author Christopher Whalen said the massive losses in balance sheets of the major banks could pose a big problem. He said an impending banking fallout could be avoided if the US Federal Reserve takes a shift from its current monetary policy stance. Hence, this could be a likely scenario for a Bitcoin price jump in the months to come, if the banking crisis drags on. “Unless the Fed is willing to walk back their current policy and give the banks some more breathing room, I don’t think we will get out of the woods. I think you will see more banks fail.” ...

Also Read: PayPal’s Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto advertisement Hence, what started with Silvergate is now seen similarly with the First Republic Bank. In this context, a popular crypto expert commented that the banking crisis has just about started, although based on American television personality Jim Cramer. The CNBC host faces flak for what appears to be an ‘inverse’ prediction on stocks. In fact, some of the stocks he was bullish on declined immediately and vice versa, so much so that an “inverse Jim Cramer” strategy is popular among trader communities. Banking Crisis Just Started? The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad Based on this inverse Jim Cramer strategy, XRP lawyer John Deaton, who represen...