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Fed Holds Rates, Azure Revenue Surges, RLUSD Stablecoin Debuts on Coinbase
The Federal Reserve voted 10‑2 to keep its policy range at 3.75%‑4.00%, with two members preferring a 25‑basis‑point hike. Microsoft reported Azure revenue growth of 48% while Alphabet’s cloud revenue jumped 103% but posted a negative free‑cash‑flow of $9.065 billion. Vertiv announced quarterly sales up 61% and organic orders increasing by more than 100%, raising its full‑year guidance. The RLUSD stablecoin was launched on Coinbase Prime, Coinbase Exchange and the retail app, supporting deposits and withdrawals on XRPL, Base and Ethereum. Bitcoin traded around $81,156.84 USDT, up 0.47%, and Ethereum around $2,356.59 USDT, up 0.41%, with total crypto market capitalization at approximately $2.74 trillion, down 2.31% over 24 hours.