Fed Chair Jerome Powell Stands Firm Against Resignation Demands, advocate for Federal Reserve Autonomy

In the ever-evolving landscape of finance, several significant developments have taken place over the past few weeks. Here's a snapshot of some of the most noteworthy events:

iSpecimen Announces $200 Million Digital Asset Treasury Program

iSpecimen, a leading marketplace for human biospecimens, has unveiled plans for a $200 million digital asset treasury program. The move is aimed at bolstering the company's digital transformation and enhancing its financial resilience.

Federal Reserve and Crypto Regulation

Jerome Powell, Chair of the U.S. Federal Reserve, has reaffirmed his commitment to the Fed's independence, refusing to resign despite pressure from President Trump. Powell's leadership of the Federal Reserve comes with a focus on resisting political interference, as his term ends in May 2026. The Federal Reserve has also highlighted stablecoins amid the passage of the GENIUS Act, signalling potential for substantial federal crypto laws in the 2025–2026 legislative cycle.

Crypto Market Regulation and Senate Democrats' Proposal

Senate Democrats have proposed a bipartisan crypto market regulation framework, aiming to combine Republican focus on national security and asset strategy with Democratic priorities on investor protection, market stabilization, and clear roles for regulatory bodies like the SEC and CFTC.

Cryptocurrency Market Performance

Bitcoin has seen a decrease of 2.84% over 24 hours but has increased by 22.62% over the past 90 days, with a current price of $115,750.42 and a market cap of $2.30 trillion, capturing 61.01% market dominance. Ethereum setup suggests a potential next pump following a $4,250 range low.

Binance and Coinbase Collaborations

Binance and Coinbase have been active in the crypto space. Binance has announced the launch of its MAIGA token, requiring 200 points on Sep 17, and Binance Alpha users can claim the MRLN airdrop with points starting from Sep 16. Google and Coinbase have also collaborated on the launch of an AI payment protocol.

Crypto ETFs and SEC Decisions

The SEC has approved universal listing standards for crypto spot ETFs, and a record 92 cryptocurrency ETF filings have been made in the US, with the industry eagerly awaiting the SEC's decisions. The Grayscale CoinDesk Crypto 5 ETF has also debuted post-SEC approval.

Tether's Profit Margin and Market Dominance

Tether has reported a 99% profit margin amid a US strategy shift, aiming for US dominance in the stablecoin market.

Crypto Security and Regulation

Malta has opposed ESMA's push for centralizing crypto regulation, while Hong Kong has set new guidelines for virtual asset accounting. The RCMP has conducted a record $56 million cryptocurrency seizure in Canada, and Binance founder has warned of North Korean hacker tactics.

DeFi, Stablecoins, and AI

Coinbase has introduced on-chain DeFi lending with Morpho integration, and Elon Musk has launched an AI-driven software company, Macrohard. Wormhole has countered LayerZero's $110M Stargate bid.

Cryptocurrency Ecosystems and Stable Operations

Major cryptocurrency ecosystems continue operating without notable disruptions, underscoring unaffected technological and financial protocols.

Press Release: LET Mining Simplifies Crypto Investing

LET Mining has announced a press release, highlighting their efforts to make crypto investing simple and efficient.

SEC Roundtable on Cryptocurrency and Financial Surveillance

The SEC has held a cryptocurrency roundtable on financial surveillance and privacy.

Record Seizure by RCMP in Canada

The RCMP has conducted a record $56 million cryptocurrency seizure in Canada.

Bitwise CEO's Prediction on Crypto Lending Market

Bitwise CEO predicts rapid growth in the crypto lending market.

Hyperliquid's 24-Hour Revenue Surge

Hyperliquid has seen a surge in 24-hour revenue, outpacing key competitors.

Seoul Protocol Upgrade on Tezos

The Seoul Protocol upgrade on Tezos brings strengthened institutional security and enables 63x network efficiency gains.

$LIVE Crypto Presale

The $LIVE Crypto Presale offers 12x returns on launch, RWA rewards, and a $2.5 million giveaway.

U.S. Treasury Secretary's Statement on Jerome Powell

U.S. Treasury Secretary Scott Bessent stated that there is no reason for Jerome Powell to step down at the moment.

Forward Industries' PIPE Financing

Forward Industries has secured $1.65 billion PIPE financing.

Wormhole's Counter to LayerZero's Stargate Bid

Wormhole has countered LayerZero's $110M Stargate bid.

Bitwise CEO's Prediction on Crypto Lending Market

Bitwise CEO predicts rapid growth in the crypto lending market.

Elon Musk's AI-driven Software Company, Macrohard

Elon Musk has launched an AI-driven software company, Macrohard.

Fed Chair Jerome Powell Stands Firm Against Resignation Demands, advocate for Federal Reserve Autonomy