Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

February 24 (CoinDesk) — Kraken has announced it will launch what it’s calling the first regulated tokenized stock perpetual futures contract. Targeting eligible non-U.S. users in over 110 countries, the product will track digital versions of major U.S. stocks, indices and a gold ETF. It builds on Kraken’s December acquisition of the xStocks tokenized stock service.

Feb 24 (CoinDesk) — Meta (formerly Facebook) plans to re-enter the stablecoin market by late 2026, following the failure of its Diem stablecoin project.

February 24 — A Bank of America investigation has found the “AI Bubble” has become credit investors’ top concern for the first time. In the survey, 23% of investment-grade respondents named AI overvaluation their primary risk — up from 9% in December 2023 — and it now outranks traditional credit and trade-related worries. While the risk of AI-driven corporate obsolescence remains low (10%), investors have raised their forecast for bond issuances by large cloud computing firms to $285 billion in 2026. Fund inflows are expected to offset potential bond weakness, even amid AI-related market risks. Note: Credit investors are individuals or institutions specializing in debt instruments, primarily earning interest income from purchasing bonds, loans, or other fixed-income securities.

On February 24th, Federal Reserve Governor Powell noted that the Fed may not be able to ease AI-driven job losses without risking inflation. The surge in AI investment could temporarily push up the neutral interest rate. (FX168)

February 24 — Official sources confirm Binance Alpha has launched tokenized securities from Ondo, with a minimum 0% fee. The first batch includes 10 tokenized securities, purchasable directly using trading platform funds. Users can earn Binance Alpha Points by trading or holding these assets.

On February 24, White House officials said the Trump administration was working to increase the latest round of U.S. interim tariff rates—announced by U.S. Customs and Border Protection—from 10% to 15%. (IG)