Notable news in the last 24 hours (27/07) BTC: 29,421 USD | ETH: 1,877 USD | Total market cap: 1,150 billion USD 1️⃣ The U.S. Federal Reserve has approved a predicted rate hike, bringing the benchmark borrowing rate up by 0.25%, hitting its highest level in more than 22 years. Markets are watching for signs that the rate hike may be the last before Fed officials pause to see how previous hikes are impacting economic conditions. Bitcoin as well as the market as a whole reacted positively as soon as the information was officially announced. 2️⃣ Axie Infinity (AXS) will launch a new blockchain game. Recently, Sky Mavis announced a partnership with NFT project CyberKongz to build a comprehensive gaming ecosystem for the Ronin blockchain. According to Kathleen Osgood, Business Development Manager at Sky Mavis, blockchain gaming will return to its heyday if developers embrace the motivation of Web3 users. Director Kathleen Osgood said the new game will be integrated with the existing Axie experience. In addition, the company noted that CyberKongz's Play & Kollect game will also "move" from Polygon to Ronin. 3️⃣ The High Court of Singapore recognizes cryptocurrencies as property. Singapore's High Court has recognized cryptocurrencies as assets that can be owned. The ruling came in a lawsuit involving the Bybit exchange with a contract employee. 4️⃣ The U.S. House of Representatives votes in favor of the cryptocurrency bill. Although FTX, the influential cryptocurrency exchange, led lawmakers to address the details of the bill aimed at providing a uniform regulatory framework for cryptocurrencies and blockchain technology, most lawmakers ultimately supported H.R. 4763 – the 21st Century Financial and Technology Innovation Act and H.R. 1747 – the Calculation Act certainty of blockchain regulation follows a day-long discussion session. Both bills will go to the full U.S. House of Representatives for a vote.