Bitcoin, Ethereum Dip as Fed Holds Rates Steady for Third Straight Time
Bitcoin and Ethereum declined following the Federal Reserve's decision to maintain interest rates steady for the third consecutive meeting. BTC dropped 1.08% to $75,396, while ETH fell 2.85% to $2,231. The market interpreted the hawkish hold as limiting near-term crypto upside, with most major altcoins following suit. For Indian investors, persistent rate stability suggests prolonged macro headwinds affecting risk assets globally.
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Celsius Founder Alex Mashinsky Banned From Crypto Industry in $10 Million FTC Settlement
Celsius founder Alex Mashinsky faces permanent crypto industry ban following FTC settlement of $10 million, marking significant regulatory enforcement against failed lending platform. The ban prevents any future involvement in digital asset businesses. This settlement reinforces regulatory scrutiny on centralized crypto platforms and highlights consumer protection priorities for Indian investors evaluating platform safety and regulatory compliance risks.