
Bitcoin Faces Volatility as US Inflation Data Fails to Ignite Market Rally
Bitcoin remains under pressure near the $63,000 support level despite US inflation data matching market expectations, leaving traders cautious about future Fed policy.

Bitcoin remains under pressure near the $63,000 support level despite US inflation data matching market expectations, leaving traders cautious about future Fed policy.

The Bank of England has initiated trials through its Digital Pound Lab, focusing on the interoperability of stablecoins and a potential digital pound to improve the efficiency of cross-border settlements.

Wintermute, a leading crypto market maker, has announced plans to invest $1 billion into AI-driven ventures as it seeks to capture non-crypto revenue by 2027.

Following a $130 million exploit affecting Coldcard hardware wallets, over $15 billion in Bitcoin has been migrated to alternative storage solutions, highlighting the resilience of self-custody practices.

Goldman Sachs has moved to acquire Neos Investments in a $2.25 billion deal, gaining immediate access to a suite of Bitcoin and Ethereum income-focused ETFs.

Local markets remain stable as BTC and ETH see minor pullbacks. The Fear and Greed index sits at 29, reflecting a cautious sentiment among regional traders.

Fidelity Investments has submitted a filing to the U.S. Securities and Exchange Commission seeking permission to stake its Ethereum ETF holdings, potentially offering quarterly payouts to shareholders.

Bitcoin and Ethereum are experiencing a period of consolidation as investors prepare for upcoming U.S. inflation data, highlighting the ongoing sensitivity of crypto to macroeconomic indicators.

The SEC is set to discuss a new proposal aimed at addressing registration hurdles for digital asset projects, potentially altering the landscape for crypto compliance in the United States.

Regulatory efforts in the United States have stalled as the vote for the Clarity Act is pushed to September, raising questions about the future of digital asset oversight and its global influence.

Regulatory clarity in the UAE reaches a new milestone as ARP Digital and Flowdesk secure broker-dealer licenses from Dubai's Virtual Assets Regulatory Authority.

Trump Media & Technology Group has reported a $238 million net loss for the recent fiscal period, a development partially attributed to the volatility of its crypto-related investments.

A pivotal meeting at the U.S. Securities and Exchange Commission could mark the beginning of a new regulatory framework, potentially offering clarity for token issuers through a safe harbor provision.

eToro has reported a downturn in crypto-specific revenue for the second quarter, despite the platform surpassing general profit estimates and announcing a major acquisition.

Bitcoin is holding steady near $64,000 following the release of U.S. CPI data and a surge in institutional investment, signaling a period of market consolidation.

Ravencoin is currently navigating a significant technical crisis following the discovery of a critical exploit that threatens the integrity of its blockchain ledger.

Bitcoin network activity saw a notable increase this week, with new address creation rising to 330,000, as users respond to security warnings regarding hardware wallet vulnerabilities.

Benchmark analysts have issued a bullish outlook for Bitdeer, citing a strategic shift where bitcoin mining revenues are being leveraged to fund a massive $4.7 billion AI data center expansion.

Bernstein analysts suggest that Riot Platforms could see an 80 percent upside following a strategic pivot toward AI colocation, which now dominates the firm's valuation model.

Binance and RedotPay are currently embroiled in a significant legal disagreement, with the two entities providing contradictory updates regarding the future of their $473 million lawsuit in Singapore.

Bitwise Asset Management has reduced its workforce by 14 percent, trimming its headcount from 180 to 155, as the firm navigates the ongoing crypto winter.

A recent analysis reveals that public Bitcoin miners have contributed $1.78 billion in selling pressure, creating a notable shift in market supply.

CoreWeave has seen a significant surge in market interest following a $2.58 billion revenue quarter, highlighting how AI infrastructure demand is currently eclipsing traditional crypto mining investments.

Fidelity Investments has moved to incorporate staking into its Ethereum ETF, a shift that could redefine how institutional investors interact with yield-bearing digital assets.