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The Federal Reserve begins its two-day policy meeting Tuesday, with a decision due Wednesday at 2 p.m. ET and markets widely expecting rates to stay at 3.75% to 4.00%; CME FedWatch puts the odds of a hike below 10%. Bitcoin traded around $80,000 on Monday after U.S. spot bitcoin ETFs shed about $774 million across Thursday and Friday. Roughly $11 billion in bitcoin options also expire Friday. Source: crypto.news
The CFTC's innovation task force will host its first Frontier Forum on Wednesday, focused on how artificial intelligence could reshape U.S. derivatives markets and their oversight. Participants include crypto firms Chainlink, Hedera and Tempo, trading-technology companies such as OneChronos, and the Investment Company Institute. Topics include AI agents that use blockchains and stablecoins to trade without human input, and whether current rules cover them. Source: Bloomingbit
Hong Kong's Securities and Futures Commission on Monday approved the first tokenized funds offered to the public for secondary trading on a licensed virtual asset platform. Two ChinaAMC (Hong Kong) money market funds, one in Hong Kong dollars and one in U.S. dollars, can now be bought and sold around the clock on Futu-owned Cheetah Trade, with primary subscriptions and redemptions as a backstop. The SFC said it will monitor trading closely before considering a wider range of products. Source: RTHK