Blockchain.News reported PEPE trading at roughly $0.00000363 with volume down more than 90% from a September 4 peak of over $400M, following a Fed-driven short squeeze that lifted the token 10–13%.
Federal Reserve researchers outlined a framework for including payment stablecoins in US monetary aggregates, dependent on economic use and subject to reserve double-counting adjustments.
CryptoPotato reported that ChatGPT analysis projects XRP could face a 4%-8% initial decline if the Fed raises rates by 25 basis points at its September meeting.
Bitcoin held largely unchanged just below $80,000 as the U.S. struck three Iranian oil tankers in retaliation for missile attacks on American warships.
The FOMC will meet September 15-16, following a stronger-than-expected August jobs report that has split market expectations on the next interest-rate move.
Rising odds of a Federal Reserve rate hike at the September 15-16 FOMC meeting are putting Bitcoin on alert, with AI models predicting an initial price drop if a hike occurs.