The Federal Open Market Committee (FOMC) of the Federal Reserve sets monetary policy, influencing interest rates and economic outlook, which is crucial for investors. Recent minutes from the July meeting revealed concerns reminiscent of 1996 under Alan Greenspan, suggesting potential significant impacts on the S&P 500.
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Why Cronos Is Skyrocketing Today
Cronos (CRYPTO: CRO) surged 24.9% in 24 hours following news of a partnership between Crypto.com and Trump Media & Technology to form a new company that will acquire Cronos. This entity, merging with Yorkville Acquisition and going public via a SPAC deal under ticker MCGA, is backed by $1 billion in CRO tokens and additional funding sources. Want More Context? 🔎
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