Bitcoin Rallies on CPI Drop but Oil Shock Clouds Path Forward
Bitcoin nearly touched $65,000 after US CPI fell more than expected in June, reducing Fed rate hike risks. Analysts warn energy price declines behind the drop…
Velocity Raises $38M to Expand Enterprise Stablecoin Payment Platform
Velocity, backed by Dragonfly and FirstMark, has closed a $38M Series A to scale its enterprise stablecoin payment infrastructure, targeting cross-border settl…
US Spot Bitcoin ETFs See $424M Outflow, Breaking Brief Recovery
Bitcoin ETF outflows accelerated as US spot funds recorded $424.66 million in a single day, reversing last week’s positive flows. Persistent selling keeps inst…
Ethereum Outpaces Bitcoin as Inflation Retreats and Fed Pause Bets Grow
Ethereum surged ahead of Bitcoin as June’s inflation data surprised to the downside, boosting risk appetite and strengthening expectations that the Federal Res…
Fed’s Warsh Testifies Before Congress, Emphasizes Inflation Battle After CPI Falls
Federal Reserve Chair Kevin Warsh testified before Congress after a sharp 0.4% drop in consumer prices. He reaffirmed the Fed’s focus on restoring inflation to…
Fed’s Kevin Warsh Vows Inflation Regime Change, Cites Broad Internal Overhaul and AI Opti…
Federal Reserve Chair Kevin Warsh told Congress the central bank is committed to ending persistent inflation, outlining major policy reforms and emphasizing AI…
JPMorgan Cuts Circle, Coinbase Outlook as Hyperliquid Deal Fuels USDC Rivalry
JPMorgan cuts estimates for Circle and Coinbase, warning that the Hyperliquid partnership threatens USDC’s earnings framework and creates direct competition in…
Bitaxe Solo Miner Hits Bitcoin Block as Solo Mining Sees 41% Annual Growth
Solo bitcoin mining is surging, with a Bitaxe ASIC operator winning block 957,382 and solo miners claiming 24 blocks in a year—a 41% increase. Industry faces m…
June U.S. CPI Falls 0.4%, Easing Pressure on Fed Rate Hikes
U.S. June CPI fell by 0.4%, potentially lowering the probability of imminent Fed rate hikes. Crypto markets are likely to watch Fed policy shifts closely.
Ripple at the Core of UK Treasury’s Tokenized Repo and Bond Push
Ripple is prominently cited in the UK Treasury’s tokenization plan, aiming to put repo, bonds, and funds onchain within two years, reflecting growing instituti…