Interest rate futures traders increase bets on Fed rate cut in June
after the release of inflation data, interest rate futures traders increased their bets on a rate cut by the Federal Reserve in June, and the possibility of a second rate cut by the Federal Reserve in 2025 has increased.
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The Daily: French authorities escalate probe into Binance, US Senate confirms pro-crypto Scott Bessent as Treasury Secretary and more
French authorities have launched a further judicial probe into crypto exchange giant Binance over alleged money laundering, tax fraud, drug trafficking and other charges, Reuters reported on Tuesday.The U.S. Senate confirmed President Trump’s nomination of crypto-friendly Scott Bessent as Treasury Secretary in a 68-29 vote late Monday, succeeding Janet Yellen.
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