Bitcoin?s price has entered a surprise rally despite the US Federal Reserve hiking interest rates by 50 basis points. Investors piled back into Bitcoin after the US Fed made the announcement as the climb of 0.5% was less than the expected 0.75% hike.

Algorand?s cryptocurrency ALGO has surged overnight following the announcement Algorand has secured a deal to become an official blockchain partner of FIFA, before the World Cup competition that starts in November in Qatar.

And Hawaii?s Senate committee is preparing to launch a task force focused on supervising the local digital asset ecosystem and exploring the employment of cryptocurrencies in the Hawaiian economy.