- Former President Donald Trump is set to officially launch World Liberty Financial on Monday.
- Additionally, the forthcoming FOMC meeting is anticipated to result in an interest rate reduction between 25 and 50 basis points.
- Bitcoin remains steady around the $60K mark this Sunday.
Following MicroStrategy’s recent significant Bitcoin (BTC) acquisition, cryptocurrency holders should prepare for key events in the US that are likely to impact the digital asset market. Notably, former President Donald Trump will be hosting the launch of the World Liberty Financial decentralized finance (DeFi) platform, which may coincide with a potential interest rate reduction in the upcoming Federal Open Market Committee (FOMC) meeting.
World Liberty Financial Launch
World Liberty Financial revealed on its social media platforms that it will officially launch its platform on Monday, September 16, at 8:00 PM EST. The event will be graced by the Republican presidential candidate at Mar-A-Lago.
The DeFi platform resonates with Trump’s “Make America Great Again” (MAGA) slogan, adopting the tagline “Make Finance Great Again”. However, the specific products or services it intends to offer remain undisclosed.
What has emerged from speculations is that it aims to provide decentralized access to “high-yield crypto investments” for the “debanked” or individuals who lack access to banking and traditional financial services. The Trump family positions it as a strong opponent to the dominance of “big banks and financial elites.”
There are indications that it will issue its own governance token to facilitate decision-making and management within its ecosystem. In addition to key figures from the Trump family, World Liberty Financial recently disclosed the addition of veteran investor and co-founder of Scroll, one of the largest layer-2 Ethereum scaling platforms, Sandy Peng, to its team. It has also partnered with cybersecurity experts from firms such as CryptOgle, Zokyo, BlockSecTeam, Peckshield, and Fuzzland to enhance its network security and strengthen its digital infrastructure.
The vision of World Liberty Financial aligns with Trump’s campaign commitment to make the US “the crypto capital of the world” should he secure a victory in November.
Fed Interest Rate Cut
Following the impactful announcement by World Liberty Financial is the expected decision of the Federal Reserve during the FOMC meeting scheduled for September 17 to 18. Fed Chair Jerome Powell has already suggested a significant probability of an interest rate cut after inflation readings dropped below 3% in the recent Consumer Price Index (CPI) reports.
Experts speculate a possible downward adjustment of either 25 basis points (bps) or 50 bps. Depending on the extent of the cut, either outcome is likely to trigger moderate to significant volatility affecting both the cryptocurrency and traditional financial markets.
Bitcoin This Sunday
As of Sunday noon (UTC), Bitcoin has regained solid ground around the $60K range. However, the cryptocurrency showed less than a 1% price increase over the past 24 hours.
A cautious tone is also reflected in a more than 50% decline in trading volume during the same timeframe, with only $13.28 billion of the digital asset transacted. Nevertheless, if the inverted head and shoulders pattern that has formed over the past few weeks aligns with the positive outlook following Trump and the Fed’s announcements, BTC could potentially maintain its upward trajectory toward the $65K level in the near term.
Dutch
English
French
German
Greek
Italian
Portuguese
Russian
Spanish