From Yahoo Finance: 2025-05-09 21:08:00

The Federal Reserve maintains interest rates at 4.25% to 4.5%, highlighting caution and data dependence. Markets respond flatly, with analysts predicting potential rate cuts in July or September if economic conditions worsen.

China confirms talks with the U.S. to resume amidst escalating tariff tensions. Bitcoin surges to $97,000 on May 6 in response to the potential thaw in relations between the two economies.

New Hampshire becomes the first state to approve a Bitcoin Strategic Reserve, allowing the state treasurer to purchase digital assets with a market cap exceeding $500 billion, currently limited to Bitcoin.

Ethereum activates the Pectra upgrade ahead of schedule, incorporating 11 changes to enhance user experience, validator operations, and Layer 2 scaling. Despite the technical advancements, Ethereum prices remain steady.

Bitwise files for a spot $NEAR ETF, while the SEC delays a decision on Canary Capital’s proposed spot $LTC ETF to gather more public comments and address concerns about market manipulation.

Hedera enables ERC-20 token support through HashPack and SaucerSwap, along with EVM compatibility via WalletConnect, Fireblocks, and Copper following a successful Chainlink CCIP integration.

Read more: Fed holds steady, Bitcoin climbs and Ethereum rolls out major upgrade