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Archax, a regulated crypto exchange and custodian based in the UK, has announced its acquisition of King & Shaxson Capital Markets, a Spanish broker. This move will enable Archax to expand its existing brokerage, trading, and custody services into the European Union, just as the Markets in Crypto-Assets Regulation (MiCA) rules take effect. As a result of this acquisition, Archax will be better positioned to serve the growing demand for cryptocurrency trading and custody services in the EU.

Raghav Gulati, CEO of CoinList, posted on social media saying, "I like Meme coins, but there are a few things to say:

In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."