Crypto News
Bitcoin’s Coinbase Premium Indicator Shows Overseas BTC Buyers Taking the Lead Ahead of CPI Release
Bitcoin's (BTC) Coinbase premium indicator, which measures the spread between BTC's dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb. 3 crash, according to data source Coinglass. It's a sign that traders over the Nasdaq-listed exchange have turned cautious ahead of Wednesday's U.S. CPI release, and their offshore counterparts have led the price recovery from overnight lows near $94,900 to $96,000. Historically, bull runs have been marked by prices trading at a premium on Coinbase, indicating strong leadership from U.S. investors. The premium soared to two-month highs in early November as BTC rose into its the-then uncharted territory above $70,000.Source link
EdgeTier Leverages AssemblyAI’s Speech-to-Text for Market Expansion and Growth
EdgeTier partners with AssemblyAI to enhance its customer service platform, leveraging speech-to-text technology to unlock new markets and drive business growth. (Read More)Source link
Arkham Intel Exchange Integrates Chainlink Functions for Decentralized Verification
Arkham Intel Exchange has integrated Chainlink Functions to enhance decentralization in its intel verification process, replacing centralized oracles with decentralized networks. (Read More)Source link
Bitcoin May See Gains from Soft U.S. CPI, Major Risk-On Surge in BTC Appears Unlikely
A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin (BTC). But those expecting bullish fireworks may be disappointed.The Labor Department will publish January's consumer price index (CPI) report on Wednesday at 13:30 UTC. It's expected to show that the cost of living increased by 0.3% month-on-month in January, slowing down from December's 0.4% rise, according to Reuters estimates tracked by FXStreet. The annualized figure is expected to match December's 2.9% reading.The core inflation, which strips out the volatile food and energy component, is forecast to have risen to 0.3% month-over-month from 0.2%, resulting in an annualized reading of 3.1%, down from December's 3.2%.Lower-than-expected data, particularly the core figure, will likely bolster expectations for...
Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust
WBTC unlocks Bitcoin’s liquidity for decentralized finance (defi). In this interview, Z Liu discusses its role and future. Despite many wrapped bitcoin products now available, with many more likely coming out in the years ahead, the OG wrapped bitcoin WBTC continues to dominate this growing category of digital assets. The Bitcoin.com News interview with ZSource link