Post-Fed Decision: 3 Key Crypto Stories to Follow

Following the Federal Reserve's highly anticipated 25 basis-point rate cut, major cryptocurrencies such as bitcoin experienced a surge, despite Fed Chair Jerome Powell's cautious tone. The CoinDesk 20 Index saw a 3% increase over 24 hours, with all its components in the green. With the Fed decision out of the way, traders are shifting their focus to crypto-specific developments. The SEC's approval of accelerated listing standards for crypto ETFs is a significant development, reducing approval times from 240 days to about 75 days. This move is expected to increase listings, similar to what was seen in traditional markets. DeFi giant Aave has also unveiled its V4 roadmap, featuring a shift to ERC-4626 share accounting, which promises cleaner integrations, easier tax treatment, and better compatibility with other DeFi protocols. Additionally, decentralized blockchain bridge Wormhole has announced new tokenomics, offering increased earning opportunities for token holders. Other notable developments include a popular post arguing that Hyperliquid's HYPE token is undervalued, and the dollar remaining strong above its July lows, ahead of the Bank of Japan's rate decision.