Cryptocurrency News & Live Updates
Synopsis
Federal Reserve Chair Jerome Powell has opted not to disclose his intentions regarding his position as a Fed governor beyond May 2026.
In recent cryptocurrency news, Federal Reserve Chair Jerome Powell has refrained from commenting on his future role, leaving many speculating about his intentions post-May 2026. Meanwhile, Binance founder Changpeng Zhao has made headlines by donating $10 million in BNB to Vitalik Buterin’s biotech initiatives, aiming to leverage blockchain principles for scientific advancements. In market updates, Polkadot’s DOT has seen a 4% decline, testing support at $3.32, while ATOM has plunged below the $4 mark amid selling pressure. Additionally, Botanix Labs has launched its Bitcoin Layer 2 mainnet, promising to enhance Bitcoin’s utility with five-second block times and decentralized smart contracts. This launch could potentially reshape the landscape of Bitcoin beyond its traditional role as a store of value. As the crypto market navigates these developments, the interplay of technological innovation and regulatory uncertainty continues to shape the future of digital currencies.
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Powell Remains Silent on Future Fed Role
Federal Reserve Chair Jerome Powell has opted not to disclose his intentions regarding his position as a Fed governor beyond May 2026.
CZ Donates $10M in BNB to Vitalik’s Biotech Projects
Binance’s Changpeng Zhao has contributed $10 million in BNB to Vitalik Buterin’s open-source biotech initiatives, aiming to leverage blockchain for scientific advancements.
Polkadot’s DOT Faces 4% Decline, Testing $3.32 Support
Polkadot’s DOT has decreased by 4% from its recent high, currently testing support at $3.32, with resistance noted at $3.46.
Botanix L2 Mainnet Launches, Reducing Bitcoin Block Times
Botanix has launched its decentralized Bitcoin Layer 2 mainnet, promising to cut block times to five seconds and enable smart contracts without centralization.
ATOM Falls Below $4 Amidst Increased Selling Pressure
ATOM-USD has plunged below the crucial $4.00 mark after encountering resistance at $4.18, despite a late recovery attempt. The cryptocurrency faces immediate resistance at $4.02 and support at $3.98.