‘Government Grift’ ETF tracking Congress trades could launch this week

The post Edges higher ahead of BoC-Fed policy outcome appeared on BitcoinEthereumNews.com. USD/CAD gains marginally to near 1.3760 ahead of monetary policy announcements by the Fed and the BoC. Both the Fed and the BoC are expected to lower interest rates. USD/CAD forms a Head and Shoulder chart pattern. The USD/CAD pair ticks up to near 1.3760 during the late European session on Wednesday. The Loonie pair gains marginally ahead of monetary policy outcomes by the Bank of Canada (BoC) and the Federal Reserve (Fed) during New York trading hours. Both the BoC and the Fed are expected to cut interest rates amid mounting labor market conditions in their respective economies. Inflationary pressures in the Canadian economy have cooled down, emerging as another reason behind the BoC’s dovish expectations. However, the Fed is expected to start the monetary-easing campaign despite the United States (US) inflation remaining higher. Investors will closely monitor press conferences from both Fed Chair Jerome Powell and BoC Governor Tiff Macklem to get cues about whether there will be more interest rate cuts in the remainder of the year. According to analysts from Barclays, the Fed’s latest median projections for interest rates are likely to call for three interest rate cuts by 2025. Ahead of the Fed’s monetary policy, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto Tuesday’s losses near 96.60. USD/CAD forms a Head and Shoulder chart pattern, which indicates a bearish reversal. The neckline of the above-mentioned chart pattern is plotted near 1.3715. The near-term trend of the pair remains bearish as it stays below the 20-day Exponential Moving Average (EMA), which trades around 1.3800. The 14-day Relative Strength Index (RSI) slides to near 40.00. A fresh bearish momentum would emerge if the RSI falls below that level. Going forward, the asset could slide towards the round level of…

The post U.S. Senate Finalizes Bipartisan Crypto Market Structure Bill appeared on BitcoinEthereumNews.com. Key Points: Senate Agriculture Committee poised to release crypto market structure bill draft. Bipartisan negotiations resume after industry roundtable meeting last week. Impacts include formal CFTC oversight of digital commodities, boosting clarity. The U.S. Senate Agriculture Committee is poised to release a draft bill on crypto commodity market structure, marking key bipartisan efforts with unspecified release timing, as reported by Eleanor Terrett. This draft bill, enhancing regulatory clarity and oversight, is significant for market stability and investor confidence, impacting assets like Bitcoin and Ethereum under the CFTC’s expanded regulatory umbrella. Senate Committee’s Bipartisan Crypto Bill Nears Release Multiple sources have indicated the imminent release of a bipartisan draft bill by the U.S. Senate Agriculture Committee. The proposed legislation aims to address commodity-related matters, specifically targeting digital assets’ market structure. Key figures involved include Senator John Boozman (R-Ark.), who expressed confidence in completing the framework within the year. This proposed bill seeks to enhance commodity oversight by formalizing the Commodity Futures Trading Commission’s role in regulating digital commodities and spot markets. Such changes are expected to lead to increased regulatory certainty, fostering institutional interest and activity in cryptocurrency markets. “Substance is more important than timeline, but we intend to finalize a bipartisan draft ‘very, very soon,’” Cory Booker, Senator (D-N.J.) Bitcoin Holds Strong Amid Regulatory Bill Discussions Did you know? The proposed bill’s potential shift in regulation mirrors the impact seen with the CLARITY Act, historically stimulating market confidence without substantial immediate market shifts. Bitcoin (BTC) is currently trading at $108,803.29 with a circulating supply of 19,942,003, according to data from CoinMarketCap as of October 31, 2025. Despite a 1.93% dip in the last 24 hours, the cryptocurrency maintains a market cap of $2.17 trillion, representing 59.24% dominance in the market. Trading volumes have shown a 17.45% increase over the past…

Kelvin Wong Tin-yau, the chairman in charge of Hong Kong’s Securities and Futures Commission (SFC), has issued a warning concerning the growing risks linked to digital asset treasury (DAT) companies. According to him, some of these firms are trading cryptocurrency for higher original value,, and this would,, in the long run, lead to serious losses […]