AVAX Surges 45%, Is a 280% Rally to $126 Next?

Tom Lee’s BitMine Immersion Technologies bought $82 million Ethereum (ETH), sending its shares soaring 11%. According to on-chain data from Arkham Intelligence cited by Lookonchain, [...]

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…

The post Metaverse wallets, solutions poised for growth: reports appeared on BitcoinEthereumNews.com. Homepage > News > Business > Metaverse wallets, solutions poised for growth: reports A new report has predicted that the metaverse wallet will surge to meteoric levels by the end of the decade, matching the expected rise of virtual worlds and their growing use cases. The market assessment report, compiled by InsightAce Analytics, disclosed that the metaverse wallet ecosystem will reach a valuation of $42.9 billion in 2031. Currently, the market is valued at $7.39 billion, with the seven-year forecast period representing a compound annual growth rate (CAGR) of 24.7%. Metaverse wallets are digital asset wallets, primarily designed to hold assets in virtual worlds, such as tokens, in-game currencies, non-fungible tokens (NFTs), and other identification credentials. Several factors are expected to be tailwinds for the metaverse wallet market in the lead-up to the start of the new decade. Analysts argue that the rise of metaverse technologies and virtual worlds is the primary driver of wallet growth alongside their increasing utility. Metaverse wallets are becoming indispensable in facilitating seamless user interaction in virtual worlds and streamlining transactions between users. Furthermore, the utility of establishing verifiable asset ownership and consolidating digital holdings in a single interface is considered a key element in the push for a $42 billion valuation. The report highlighted prominent service providers in the metaverse wallet landscape, indicating that they are expected to hold a significant portion of the market share by 2031. Key players include ConsenSys, Enjin, Coinbase (NASDAQ: COIN), Decentraland, The Sandbox, Somnium Space, and Alpha Wallet. In terms of regional distribution, the report predicts North America to be the most dominant force in 2031. The market report hinges its forecast on North America’s streak of investment in blockchain and digital innovation, with Southeast Asia expected to close the distance. Despite the glowing numbers and upside opportunity,…