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【10 days node data】
Bermuda Premier: Terra’s Collapse Highlights the Importance of Good Regulation
June 20 – The collapse of Terra highlights the importance of good regulation, Bermuda’s Premier David Burt told the 2022 Consensus Conference. He re-emphasised his goal of making Bermuda the home of the world’s safe, innovative assets. In addition, Burt said, “Bermuda wants to be the centre of a global stablecoin market, which is issued in a regulated environment. It is incumbent on our regulators to ensure that all risks have been assessed when opening up this new space. This may take longer, but it is a very thorough process to go through.” (CoinDesk)
92.1% Probability that the Fed will Raise Interest Rates by 75 Basis Points in July
June 20 news, according to CME “Fed Watch”, the probability of the Fed raising interest rates by 25 basis points in July is 0%, the probability of raising interest rates by 50 basis points is 7.9%, the probability of raising interest rates by 75 basis points is 92.1%; by September the cumulative probability of raising interest rates by 25 and 50 basis points is 0%, the cumulative probability of raising interest rates by 100 basis points is 5.1%, the cumulative probability of raising interest rates by 125 basis points is 62.6%, the cumulative probability of raising interest rates by 150 basis points is 32.2%. The probability of a cumulative rate hike of 5.1%, a cumulative rate hike of 125 basis points is 62.6%, and a cumulative rate hike of 150 basis points is 32.2%. (Golden Ten)
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