Crypto Exchanges

Story: Fed Rate Call and FTX’s 900 Million Dollar Payout Put Crypto on Edge

By Pankaj K

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Bank of England, Bank of Japan: Hold, Hold, Hold. The UK isn't adding any drama. Every economist in a Reuters poll expects the Bank of England to…

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FTX Creditor Payout and BitMEX Settlement Hit the Market. On the crypto-specific side, things get more interesting — and more immediate.

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The Federal Reserve hasn't moved yet. But markets are already flinching.

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Central banks in the U.S., UK, and Japan are all expected to hold rates steady this week — and yet the crypto market is treating the whole thing like a live wire.

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Thursday is the day to watch on the data front. The U.S. second-quarter GDP drops, and so does the June Personal Consumption Expenditure reading.

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The UK isn't adding any drama. Every economist in a Reuters poll expects the Bank of England to keep its rate at 3.75%. No surprises expected there.

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For crypto, the macro picture is kind of the backdrop nobody can ignore. When borrowing costs stay elevated globally, speculative assets tend to get hit hardest.

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FTX is set to begin distributing roughly $900 million to creditors. That's a big number. Large-scale distributions like this tend to move markets, because creditors receiving…

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Read also: KB Kookmin Bank Joins JPMorgans Kinexys Network for Dollar Payments Across 10 Countries

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BitMEX, meanwhile, is settling 35 derivatives early. That's a different kind of market event, but it's still a market event.

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And then there's earnings season. Robinhood, Coinbase, and Strategy are all set to report. Coinbase results basically function as a proxy for the health of retail crypto trading…

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Binance isn't reporting earnings, but it's still part of the story. The exchange holds around 55% of user funds and roughly 24% of spot trading volume.

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Rising energy prices hang over all of it. If energy costs keep climbing, inflation stays stubborn, central banks stay hawkish, and the macro pressure on crypto doesn't ease.

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More context: Dango Shuts Down Trading and Layer 1 Blockchain Amid 17 Crypto Failures in 2026

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Daco's September thesis is worth keeping in mind. The Fed probably won't give the market a clean answer this week.

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