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"If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi," BOB co-founder Alexei Zamyatin, told CoinDesk.

Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said.

At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus an easy Trump victory just days ago.

Traders Tuesday pushed expectations of a second consecutive 50 basis point rate Fed rate to 60%.

The world's largest crypto has now roughly tripled in price in 2023, surely signaling the end of the industry's long bear market.