Citadel Calls for Shock 25bps Fed Rate Hike Today, Defying Market Expectations

Bitget Wallet has just launched Assetback, an innovative cashback program that transforms your card into an automatic investment tool. Every purchase made with the Bitget Wallet Card can now be directly converted into bitcoin, physical gold, or tokenized stocks, creating a diversified portfolio without additional user effort. This initiative represents a pioneering fusion between traditional finance and the digital world, allowing ordinary consumers to build real assets while making daily purchases. The launch comes at a time of increasing cryptocurrency adoption in El Salvador, where the company hosted the announcement, and reflects the 'decentralized finance' (DeFi) trend of integrating traditional products with blockchain technology.

A recent survey by the Ontario Securities Commission (OSC) reveals that cryptocurrency ownership in Canada has surged to 25% in 2026, a significant increase from the 10% recorded in 2023. The study, which polled 2,360 Canadians aged 18 and over between December 2025 and January 2026, also found that 59% of respondents are aware of digital assets, indicating growing adoption and awareness of the cryptocurrency market in the country.

This growth in cryptocurrency ownership in Canada reflects a global trend of digital acceptance and a shift in risk perception within the sector. The OSC uses this data to anticipate emerging opportunities and risks, ensuring its regulatory approach protects investors while fostering fair and efficient markets. The research highlights the crucial role of financial institutions in educating investors and creating a safer, more transparent cryptocurrency ecosystem for Canadians.

Prediction markets and interest rate futures now point to a growing likelihood that the Federal Reserve will raise rates in September, reversing expectations from just weeks ago after officials struck a more hawkish tone. The Federal Open Market Committee voted 9 to 3 to keep the target range unchanged.

Fed Chair Kevin Warsh's hawkish warning is sending ripples through financial markets, with investors adjusting their positions in anticipation of tighter monetary policy. This potential rate hike could negatively impact risk assets like Bitcoin and stocks while strengthening the US dollar and making bonds more attractive to investors.

The Federal Trade Commission (FTC) has accused telehealth company Hims of sharing sensitive user information about sexual wellness pill orders with advertising giants Meta and Snap, directly contradicting the company's privacy promises to its customers. This privacy scandal raises critical questions about data protection in digital health, particularly for stigmatized treatments. The regulatory action could set precedents for how digital health companies handle sensitive personal information and may result in substantial fines for Hims, alongside irreparable damage to its reputation as a trusted healthcare provider.