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It's Thursday, June 15th, 2023, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine here again with your daily news roundup.

On today, we're talking Bitcoin, the Fed pause, plus a look at the SEC's big disclosure in their case against Ripple.

And just a reminder, CoinDesk is a new source and does not provide investment advice.

Bitcoin, Ether, and the broader crypto market took a beating yesterday after the U.S. Central Bank finally gave markets what they at least thought they wanted and did not increase the core

interest rate, which over the last year has been pushed up by a staggering 2,000 percent from a range at the

start of last year from zero to one quarter of a point before the Fed finally couldn't ignore

the inflationary repercussions of their money printer policies to today's range of 5 to 5.5

and a quarter percent. And yet, markets are not happy at all. In a world where bad news is

good news for markets, because it means the Fed is more likely to intervene in support, the U.S.

Central Bank may have or be on the verge of breaking that long-trained habit, as the end of the

record-setting rate hike regime results in markets that are at best confused, but mostly down.

...