Crypto News
Trump’s First Inflation Report Due as Risk investors Seek Signs of Cooling
The consumer price index (CPI) report due Wednesday will be the first under President Donald Trump's tenure, with signs of cooling likely to raise the chance of an interest-rate cut and lift the spirits of investors in risk assets, who have been hammered in recent weeks.The Bureau of Labor Statistics is forecast to say headline inflation declined year-over-year to 2.9% from 3%, while core inflation, which excludes volatile food and energy prices, also lost 0.1 percentage point to 3.2%.Slower inflation raises the chance of an interest-rate cut, making riskier investments more attractive. CPI, which measures the cost of a basket of goods and services across the U.S. economy, has accelerated for four consecutive months.In the past few weeks, the S&P...
BTC touches $80K, Strategy wants $21B more BTC, Banks to enter Crypto
BTC touches $80k then rebounds. Feed & Greed index hits 20 in ‘Extreme fear’. OCC allows banks to broadly access crypto. Strategy files $21bn perp stock issuance. Stablecoin legislation by August: Trump. Utah senate passes watered down BTC bill. US could sell gold for BTC reserve: StanChart. Sacks talks down gold selling expectations. Fold Holdings buy 475 more BTC. US Dept. of Housing contemplating adopting crypto. WLFI’s crypto losses stand at $110m. SBF moved to solitary after Tucker interview. Kraken could seek IPO as soon as 1Q 2026. BBVA to offer BTC and ETH services. Coinbase set to hire thousands in the US. Survive to win: Degen Spartan.Source link
Latam Insights Encore: Bukele’s Gambit or How (Not) to Conduct a Bitcoin Revolution
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines President Nayib Bukele’s behavior regarding the commitments El Salvador has made under the IMF deal, choosing to remain vague rather than explaining how bitcoin fits into this new national reality. LatamSource link
Dogecoin, Ether Slump 9% as Bitcoin Tumble Leads to $700M in Bullish Liquidations
Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions.Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated, alongside $30 million in DOGE long losses. Solana (SOL) shed 8%, and XRP slipped 7%, with the broader CoinDesk 20 (CD20) falling more than 6.5%.Open interest in BTC futures dropped 7% to $45 billion, signaling forced exits as margin calls hit.“Investors are taking a risk-off approach as the chances for a Federal Reserve interest rate cut diminished after a stable jobs report and anticipation that February's...
Leveraged ETFs Tied to Strategy See Trading Volume Surge as Bitcoin-HODLer MSTR Teeters on 200-Day Average
Defiance's leveraged Strategy (MSTR) exchange-traded funds (ETFs) saw a surge in activity on Monday as the bitcoin (BTC)-holding firm's shares fell to their 200-day average.A record 24.33 million shares in the Defiance daily target 2x long MSTR ETF, trading under the ticker MSTX, changed hands as the ETF price slipped 32% to $17.90, the lowest since September, according to data source TradingView. The ETF seeks to deliver 200% of the daily percentage change in the share price of Strategy, formerly known as MicroStrategy.Meanwhile, trading volume in the Defiance daily target 2x short MSTR ETF (SMST) tallied 51.21 million, the highest since Nov. 24. The ETF seeks to deliver investment results corresponding to 2 times the inverse of the daily performance...