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The Fed raises interest rates by another 75 basis points

Edition #35 - 23 SEP 2022


Powell says policymakers see the need to lift the rate to a "restrictive level" and "keep it there for some time".

Officials forecast that rates would reach 4.4% by the end of 2022 and 4.6% in the next year, a more hawkish shift in their so-called dot plot than expected. That implies a fourth-straight 75 basis-point hike could be on the table for the next gathering in November, about a week before the US midterm elections.



gaming developments


metaverses & Adoption


defi


funding rounds

  • Metaverse infrastructure developer Hadean raises $30 million in Series A funding with Fortnite creator Epic Games, as well as Molten Ventures, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel participating in the funding round.

  • LootMogul, a sports metaverse company, secures a $200 million investment commitment from Gem Global Yield LLC SCS, part of GEM.

  • Crypto analytics firm Messari has closed its $35 million Series B round led by Brevan Howard Digital with Morgan Creek Digital, Samsung Next, FTX Ventures, Galaxy and Coinbase Ventures in participation.

  • 3Commas, an automated crypto trading bot platform, has raised $37 million in a Series B funding round led by investment firms Target Global, Alameda Research and Jump Crypto, as well as Dmitry Tokarev, founder and CEO of crypto custodian Copper.

 



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