Fed's Bostic: Fed will cut interest rates once this year
The Fed's Bullard: Although the timing is uncertain, it still believes that the Fed will cut interest rates once this year.
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Grayscale CEO Michael Sonnenshein departs role, former Goldman Sachs exec to step in
Grayscale CEO Michael Sonnenshein is stepping down as CEO to “pursue other interests,” the firm said.Though the exact reasons for his departure remain unclear, the firm’s spot bitcoin ETF GBTC has seen swathes of investors exit despite inflows increasing.Former Goldman Sachs exec Peter Mintzberg will join as Grayscale’s CEO on Aug. 15, 2024.