Morning Bulletin - 08.05.2025

FED kept interest rates unchanged in line with expectations.

Powell was quoted as saying, “If the current tariffs remain in place, it could make it harder for us to achieve the goals we set this year. As time progresses, we will have a clearer view of the level at which these tariffs will stabilize. We stand ready to take swift and decisive action as developments warrant.”

At the time of writing, Bitcoin (BTC) is trading at $98,938 and Ethereum (ETH) is trading at $1,903.

The fear and greed index is neutral at “53”.

Important developments for the day:

Prom (PROM): Galar integration will be realized.

ZKsync (ZK): Important announcements will be made signaling a new era focused on EVM.