CME FedWatch shows the market is expecting the Federal Reserve to cut rates by 25 basis points this month, which would be the third cut this year. CME FedWatch, a tool used to measure expectations for a Federal Reserve rate change, has tipped the likelihood of an interest rate cut in December to 74.5%, up...Continue Reading

The Sonic blockchain is a new, separate chain to the Fantom Opera network and users will soon be able to swap their FTM tokens for “S” tokens at a 1:1 ratio. Sonic Labs says its layer-1 blockchain Sonic will publicly launch “soon” after achieving Genesis — the first completed block of transactions on its chain....Continue Reading

The Nike-owned company received investment funding from Andreessen Horowitz during the peak of NFT summer in 2021. RTFKT, the creators of non-fungible token (NFT) virtual sneakers acquired by Nike in 2021, has announced it will sunset operations in January 2025. “To honor and preserve this pioneering legacy, we will be launching an updated website that...Continue Reading