Charles Schwab, Citadel Securities and Fidelity Digital Assets have officially launched a digital asset exchange, called EDX Markets.
| September 13, 2022 | September 13th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has experienced a rapid drop to begin Tuesday, as it hits diagonal resistance and CPI numbers disappoint. |
| Top-20 altcoins have also taken losses across the board, as Ethereum drops 6%, BNB falls 4% and Litecoin is the sole gainer with a 3% rise. |
Top Stories for September 13, 2022 🔥 |
| Charles Schwab, Citadel Securities and Fidelity Digital Assets have officially launched a digital asset exchange, called EDX Markets. |
| EDX Markets is designed to enable "safe and compliant trading" via "trusted intermediaries". The exchange will aggregate liquidity from multiple market makers for low spreads and high liquidity – which they say will be more efficient than trading on existing crypto exchanges. |
| According to the exchange board, the crypto market has over 300 million participants and "pent-up demand from millions more" requiring a platform that caters to retail and institutional investors. |
| Consumer Price Index (CPI) numbers have come in higher than expected for August, resulting in 8.3% year-over-year inflation and a 0.1% increase month-on-month – despite the Federal Reserve's efforts. |
| The Fed's next rate decision comes September 21, with most expecting another 75bps hike. Both the stock market and crypto have taken a hit since the news. |
| DeFi protocol Maker, responsible for the decentralized Dai stablecoin, has doubled its allowance for staked Ether (stETH) in an effort to reduce reliance on USDC to collateralize Dai. |
| USDC accounts for more than a third of all collateral on the platform, perceived as risky due to the recent blacklisting of USDC addresses by issuer Circle. |
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