25 basis points hike and Crypto is still green. Grayscale Research views this as a mid-cycle adjustment, not a cyclical shift, and expects little impact on crypto markets. A comparable hike in 1997 had the same result. Worth noting: stablecoin issuers like @circle and @tether, who earn higher revenues when interest rates rise. Read more on The Stack: https://www.grayscale.com/the-stack/fed-s-mid-cycle-adjustment-unlikely-to-bother-crypto-markets