Crypto Markets Await Interest Rate Decision Amid Delistings and New Trading Features
The Korea Exchange will launch after-hours stock trading on September 14. This new feature, however, will exclude exchange-traded funds (ETFs) and exchange-traded notes (ETNs) from participating in after-hours trading.
Another notable development is the planned delisting of UK Bitcoin treasury company Satsuma on September 14. As part of this process, Satsuma will sell all its Bitcoin holdings and return capital to investors.
Circle's Arc mainnet is scheduled to officially launch on September 16. This new network has already attracted over 100 institutions and ecosystem participants, including major players such as BlackRock, DTCC, Galaxy, and Visa, who will serve as genesis validators to support network security and governance.
The US House Ways and Means Committee is set to review crypto tax rules on September 16. The markup focuses on two key issues: when miners and stakers should be taxed on newly created tokens, and whether wash-sale rules that apply to stocks should also cover digital assets.
The Federal Reserve will announce its new interest rate decision at 2:00 on September 17. This announcement will likely have significant implications for the global financial markets.