Fed hikes rates to 4%, Arc launches mainnet, market cap rises to $2.7T
- —Fed raised rates by 25 bps to 3.75-4.00%, the first hike in three years
- —16 of 18 FOMC officials expect at least one more hike
- —Circle's Arc mainnet launched with BlackRock and Visa as validators
- —BTC $76,270 (+0.7% on the day), ETH $2,432 (+1.4%), SOL $99.42 (+2.8%)
Why it matters: The first tightening in three years sets the market's tone, while the Arc launch with major institutions strengthens USDC tokenization.
Source: Coin Edition