PANews reported on January 7th that Karatage, a London-based proprietary hedge fund focused on digital assets and emerging technologies, has appointed Shane O'Callaghan as Senior Partner and Head of Institutional Strategy. O'Callaghan previously worked at Dutch market maker IMC Trading, where he served as Global Head of Institutional Partnerships and Digital Asset Sales for the past year. Prior to joining IMC, O'Callaghan was Head of Global Business Development at crypto trading platform Portofino Technologies and Head of Europe, the Middle East, and Africa (EMEA) at the now-defunct crypto lending platform BlockFi.
Founded in 2017 and headquartered in London, Karatage invests in digital assets, cryptocurrency funds, and blockchain-related companies.


Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
