Rumors circulating online suggest the Fed will inject $55.36 billion in liquidity into the system over the next three weeks. The aim is to ease the banking system and prevent potential liquidity squeezes in money markets. This is not QE. However, fresh dollars entering the market are always an important signal in terms of risk appetite.
Legacy firm State Street, which oversees $51.7T for global institutions, is rolling out a suite of tokenized products within its new digital asset platform such as ETFs and stablecoins. ⏳⏳⏳