Major digital assets are trading flat as the Asia business day begins, with bitcoin down 1% on-day to $22,829 and ether also off 1% to $1,622. Singapore-based crypto trading fund QCP Capital said in a recent note that the performance of equities today and U.S. central bank Chair Jerome Powell’s speech will be its guide to the next leg in crypto. “Without a recession and >4% unemployment this year, it is extremely unlikely the Fed will cut rates, which means our view that the market’s pricing of cuts this year is too dovish still holds,” the fund wrote. QCP said its is looking to see Powell's comments on whether he ... (full story)