BNY Mellon, Fed Rate Cut Boost Crypto Inflows: Weekly Review

BNY Mellon is collaborating closely with regulators to provide extensive crypto custody services. Coinshares has reported $321 million in inflows of digital assets, spurred by the Fed’s recent 50 basis points interest rate reduction. Robert Kiyosaki anticipates that Bitcoin may hit $500K by 2025 and $1M by 2030, citing the global financial instability risks discussed in an upcoming book by Jim Rickards. […]