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Bitcoin volatility lower than Dow with another Fed rate hike of 75 basis points looming

The biggest news in the cryptoverse for Oct. 21 includes the likelihood of the Federal Reserve increasing the interest rates by another 75 basis points in early November, the emergence and price surge of two new meme coins created out of a joke from Vitalik Buterin, and Circle and Axelar’s new protocol seamlessly allowing USDC transactions cross-chain.

Fed likely to hike interest rates by 75 basis points in November meeting

Federal Reserve officials are currently working on introducing an additional 75 basis point rate hike. The rate is likely to be introduced in the upcoming meeting on November 1-2.

The FED has been increasing the rate by 75 basis points each time in the last three meetings held in September.

Vitalik jokes led to 2 new memecoins that surged over 300%

The Ethereum (ETH) founder Vitalik Buterin joked about a hypothetical DIE coin, saying that he’d get a shirt of a token with a name like that.

Today, the DIE token is real and is being traded on Pancakeswap for $0.000341. In the last 24 hours, the DIE token surged by 300% and reached a trading volume of $730,000 from 740 transactions.

USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens

Axelar and Circle announced the launch of the Cross-Chain Transfer Protocol, which allows users to transfer USDC cross-chain without wrapping tokens or lending the assets to a cross-chain bridge.

Jason Ma from Axelar shared his comments with CryptoSlate on the matter and said:

“LPs never hold bridged assets. This removes the biggest point of friction we’ve encountered when talking to blue-chip DeFi apps. There is only some risk for the users over a small window of time.”

INTERPOL takes global policing to the Metaverse

The International Police Organization announced that it intends to bring law enforcement to the Metaverse. Interpol will bring law enforcement officials together to train and will start fighting crime in the real world and online.

Polkadot ecosystem falls 2.9% after founder Gavin Wood steps down as Parity CEO

Polkadot (DOT) founder Gavin Wood announced his…

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