“Bitcoin jumped $700, moving above $23,600, as Federal Reserve Chair Jerome Powell suggested the U.S. central bank is seeing signs of waning inflation.
Prior to Powell speaking, the Federal Open Market Committee – as expected – lifted its benchmark interest rate by 25 basis points to a new range of 4.5%-4.75%, the highest level in 15 years. Data from the CME Group now shows investors pricing in an 86% chance of another 25 basis point rate hike to a range of 4.75%-5.00% at the FOMC’s March meeting.
Further along in the press conference, however, Powell said that “[the] disinflationary process has started.” Those words sent bitcoin and traditional equity markets sharply higher.
The Nasdaq is now ahead 2.6% and the S&P 500 1.6%. Crypto-exposed stocks also gained, with exchange Coinbase (COIN) rising 8% and bitcoin miner Marathon Digital Holdings (MARA) up 7%.”
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“The proposal would establish a set of guiding principles by which Rocket Pool manages its trove of staked ether. Some stakers have gotten too big for Ethereum’s own good, according to author Valdorff, who doesn’t want Rocket Pool to become one of them.
Despite our best attempts to be decentralized and secure, we know that, like any entity, there will always be attack surface. The only thing we can do to ensure the safety of the Ethereum network is to avoid being a single point of failure by limiting our size.
In the ongoing governance vote set to end on Feb. 12, the vast majority of votes cast have been in favor of establishing guiding principles that would prioritize the long-term health and decentralization of Ethereum over the success of the protocol.
The community ought to vote on principles that could self-limit the protocol to 22% of all staked ether, as one community member has suggested. Other examples for self-limitation include redirecting a percentage of the decentralized autonomous organization’s income to support small permissionless protocols and a 3% fee to mint rETH, where the fee and percentage of the DAO’s income rise in conjunction with the growth of Rocket Pool’s dominance of staked ETH.
Users have staked over 377,000 ETH worth roughly $593 million through Rocket Pool. Rocket Pool currently offers 4.19% APR for users to stake and 7.29% APR for users to stake and run a node.”
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“Bankrupt crypto lender Celsius Network published the names of users who are allowed to withdraw a majority of their assets locked on the platform. The customers eligible for withdrawals are due to receive an email around Feb. 15 with further steps on how to process transfers.
The 1,400-page document filed with a New York bankruptcy court on Tuesday shows the company has court permission to distribute 94% of each user’s assets. Eligibility is contingent upon certain criteria – for instance, transfers had to be less than $7,575 when they were made.
Whether and when Eligible Users are entitled to a distribution of the remaining 6% will be determined at a later date by the Court.”
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