The Federal Reserve and the Hong Kong Monetary Authority have both announced a 25 basis point rate cut, marking a significant monetary policy shift. This move is expected to influence global financial markets and potentially impact cryptocurrency valuations. In Europe, BitGo has secured a BaFin license, allowing it to offer regulated crypto trading services across the continent. This expansion marks a strategic move for BitGo as it seeks to strengthen its presence in the European market. Meanwhile, Nvidia is investing £500 million in AI infrastructure company Nscale, a spinoff from a crypto mining firm, highlighting the growing intersection between AI and cryptocurrency sectors.