The $1 billion Ethereum DAT project led by Li Lin, Xiao Feng, and others has been shelved, with approximately $200 million returned.

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…

The post Tim Scott Pushes for Crypto Bill Vote in Senate Committee appeared on BitcoinEthereumNews.com. Key Points: Senator Tim Scott leads crypto market structure bill efforts. Committee vote scheduled next month, full Senate in 2026. Potential impact on U.S. crypto regulatory clarity. U.S. Senate Banking Committee Chairman Tim Scott has announced plans to push for a vote on cryptocurrency market structure legislation in committee next month. The bill aims to strengthen U.S. economic leadership by clarifying digital asset regulations, potentially impacting securities and commodities market oversight and enhancing consumer protections. Regulatory Push: SEC, CFTC Roles Redefined Tim Scott aims to push the cryptocurrency market structure bill through the Senate Banking and Agriculture Committees by the end of the year. The legislation clarifies regulatory oversight, dividing it between the SEC and CFTC. Additional AML and consumer protection provisions are included. The bill’s passage could bring significant regulatory clarity to crypto markets, impacting institutional flows and the trading framework. The legislation also fosters financial innovation by creating regulatory sandboxes and pilot programs. By the end of this year, next month, we believe we can mark up and vote in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation… Reactions vary across the board, with lawmakers and industry players watching closely. Paul Grewal, Coinbase’s Chief Legal Officer, expressed optimism, stating, “we’re going to get it done” despite remaining obstacles. Potential Market Effects and Expert Commentary Did you know? The proposed legislation could mirror the CLARITY Act of July 2025, which modestly increased TVL on major U.S. exchanges, showcasing prior regulatory clarity impacts. Ethereum (ETH) trades at $3,027.19 with a market cap of $365.37 billion, experiencing recent declines of 25.77% over 30 days, according to CoinMarketCap. Its 24-hour trading volume has decreased by 28.37%, providing an overall market snapshot. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at…

The post Solana ETF BSOL Logs Over $580M in Inflows in Three Weeks, Bitwise CEO Says appeared on BitcoinEthereumNews.com. COINOTAG News reports on November 19 that Bitwise Solana ETF (BSOL) has drawn persistent investor interest, with daily inflows on each trading day over the past three weeks, according to a post by Hunter Horsley, CEO of Bitwise on X. Since its launch, BSOL has amassed more than $580 million in inflows. The sustained pace signals a growing appetite for Solana ETF exposure within the crypto-asset space, as market participants weigh the BSOL liquidity narrative and the robustness of inflows across multiple sessions. As liquidity trends persist, traders will monitor performance metrics and regulatory signals to assess the durability of such inflows and the potential impact on liquidity provisioning for BSOL and related crypto ETFs. Source: https://en.coinotag.com/breakingnews/solana-etf-bsol-logs-over-580m-in-inflows-in-three-weeks-bitwise-ceo-says