PANews reported on August 19th that blockchain settlement company Tassat has appointed Glen Sussman, currently president and chief strategy officer, as CEO, replacing Zain Saidin. Saidin will continue to serve on the company’s board of directors and as a senior advisor, supporting the company’s institutional growth strategy.
Since joining Tassat in 2021, Sussman has driven the launch of the Lynq real-time settlement network and the Digital Interbank Network, the first tokenized deposit network in the United States. Tassat plans to further expand the application of the Lynq platform and accelerate the adoption of stablecoins, tokenized deposits, and digital asset securities to build a compliant, institutional-grade financial infrastructure.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
