Daily Brief: Fed Holds Rates at 3.75%-4%, Singapore Police Flag Tampered Ledgers

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Fed Freezes Rates in 10-2 Vote as Bitcoin Holds Near $81,000

The Federal Open Market Committee kept the federal funds rate at 3.75% to 4%, with two policymakers dissenting in favor of a hike . CME FedWatch data shows an 82.6% probability for a rate increase at the Dec.

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Singapore Police Report $3.5 Million Stolen via Tampered Ledger Wallets

The Singapore Police Force identified at least two instances where modified Ledger hardware devices captured private keys . The malicious components were found inside wallets purchased at local retail stores .

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Moody's Assigns A2 Deposit Rating to Ripple's RLUSD Stablecoin

Moody's granted an A2 long-term deposit rating to Ripple's RLUSD, citing the stablecoin's 103% reserve backing in cash and short-term Treasuries .

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Westpac to Cap Monthly Crypto Exchange Payments at A$10,000

Starting in December, Westpac will enforce a strict A$10,000 monthly limit on customer payments to digital asset exchanges . The bank will not offer account exemptions, though inward withdrawals remain unaffected .

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CoinShares Lists Physically Backed Zcash ETP on Euronext Paris

CoinShares debuted a $ZEC exchange-traded product on Oct. 28, offering regulated European exposure with a 1.50% annual fee . The ETP trades in euros and is backed entirely by physical assets .

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Birch Hill Secures $4 Million Seed Round for Onchain Private Credit

Multicoin Capital led a $4 million investment into Birch Hill, bringing the firm's total funding to $6.5 million . The company filed a FINRA broker-dealer application to distribute private credit to accredited investors…

The numbers

$BTC trades at $80,183, down 1.5%, while total market capitalization sits at $2.64 trillion.

What to watch

• The Dec. 8-9 FOMC policy decision, where rate hike odds exceed 82%.
• Findings from the ongoing Singapore Police Force investigation into tampered Ledger wallets.
• The outcome of Birch Hill's pending FINRA broker-dealer membership application.

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