Federal Reserve Chair Jerome Powell’s comments on possible rate cuts coincided with heightened market volatility, new blockchain airdrops, and investment activity across major crypto ecosystems.
Federal Reserve Chair Jerome Powell suggested support for further interest rate cuts amid a cooling U.S. job market, sparking volatility in the crypto sector. Over $697 million in liquidations affected more than 200,000 traders in the past 24 hours. BNB Chain and Four.Meme executed their first 'rebirth support' airdrop, while Farcaster paused its deposit reward registration program. Binance denied allegations of token dumping and listing fees. Meanwhile, Polymarket announced $2 billion in new investment at a $9 billion valuation, and discussions continued on the resilience of the BSC meme coin market amid ongoing fluctuations.