Last Week in Review: The Fed’s rate meeting, BlackRock’s BTC ticker, and Uniswap fees

The highlights from last week’s headline grabbers. All the important news, numbers and events from the world of crypto in one place
News from the block
The Fed’s interest rate meeting looms
- The Federal Reserve Bank in the US will meet on Wednesday 1 November to decide the way forward with interest rates in the US.
- Forbes reported that comments by policymakers suggest that the Fed will keep rates unchanged in their November meeting.
- “Assuming the Fed leaves interest rates unchanged, the first thing to look for will be if it is a consensus decision from policymakers. If some officials voted for an interest rate increase, that may make another interest rate hike over the coming months more likely,” according to Forbes.
BlackRock ticker has been there since August, says DTCC
- Last week, anticipation around the approval of a Bitcoin spot-exchange traded fund (ETF) in the US was further fuelled when the ticker for one of the applications, the Blackrock BTC ETF, was spotted on the Depository Trust & Clearing Corporation’s (DTCC) platform. The DTCC centralises and manages the clearing, settlement, and record-keeping of securities transactions in the United States.
- It later came to light that the BlackRock BTC ETF ticker had been on the website since August, CoinDesk reported.
- Investors may have seen the ticker as an indication of possible progress on the approval of the first BTC spot ETF in the US, say analysts.
- “It is standard practice for DTCC to add securities to the NSCC security eligibility file in preparation for the launch of a new ETF to the market,” a DTCC spokesperson told the crypto publication.
- The ticker was removed on Tuesday but reappeared later in the day.
Uniswap fees switch delivered for Uniswap Labs
- Uniswap Labs introduced a new fee structure for select crypto trading pairs on the decentralised exchange, which already delivered $120,000 over the 48 hours since it was activated, according to Blockworks.
- Most of the funds have come from the trading of Ether on the exchange.
- “I work in crypto because of the immense positive impact I believe it can have on the world by removing gatekeepers, and increasing access to value and ownership, the same way the internet has for information,” Hayden Adams posted on X. “I work on Uniswap because I think it has massive potential to contribute to that outcome.”
Alphabet’s share price dropped nearly 10% after Google Cloud earnings report
- Alphabet shares fell the most since March 2020 as revenue for its Google Cloud unit came in lower than expected last week, as reported by CNBC.
- “Its cloud miss was a stark contrast to Microsoft’s earnings, which showed accelerating growth in the company’s Intelligent Cloud business,” according to the news publication.
TL;DID read

What is Web3?
Crunching the numbers
63% – The current staking ratio of the Cardano network, the percentage of staked ADA in existence.
22.73% – The current staking ratio of Ethereum.
1 year – Elon Musk has reportedly given X employees until the end of 2024 to turn the platform into a financial hub.
Crypto trivia

What are smart contracts?
Protect your crypto
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