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The latest government report on April’s Consumer Price Index (CPI) showed a slight easing of inflation, with the CPI rising 0.3% compared to economist forecasts of 0.4%. On a year-over-year basis, CPI was higher by 3.4%. Core CPI, which excludes food and energy costs, also rose 0.3% in April and was higher by 3.6% on…

Cathie Wood’s investment firm, ARK Invest, completed the sale of its remaining shares in the ProShares Bitcoin Strategy ETF (BITO) on Thursday. The firm sold 237,983 BITO shares, valued at $6.7 million based on Thursday’s closing price of $28.22, from its Next Generation Internet ETF (ARKW). Last year, ARK initially purchased over 4 million BITO…

In an interview, Noelle Acheson highlighted the potential ripple effects of the yen’s recent sharp decline against the U.S. dollar, suggesting that other fiat currencies might face similar volatility. With U.S. interest rate cuts appearing unlikely due to persistent inflation, investors may turn to alternative assets like gold and bitcoin. The yen’s significant drop against…

Built on Base, a layer-2 network, Friend.Tech introduces a novel concept where crypto influencers on X can issue “shares” for exclusive access to closed group chats. These chats offer valuable insights into trading, token selections, and potential seed-funding opportunities, increasing the attractiveness of the shares for users. Anticipation builds as version 2 of the application…

Jan Van Eck, CEO of VanEck, expressed concerns about the potential delay of Ethereum exchange-traded funds (ETFs) due to a lack of response from the U.S. Securities and Exchange Commission (SEC). He suggested that the cryptocurrency industry should shift its focus towards transaction fees rather than Bitcoin (BTC) and Ethereum (ETH) or their associated ETFs.…

Early Friday, WIF briefly touched the $4 mark before retracing its gains, showcasing the heightened volatility within the meme coin sector amidst a market that remained relatively stable. Meme coins, particularly those led by Solana-based dogwifhat, experienced significant surges, surpassing the performance of other sectors like DeFi and exchange tokens. The betting activity on DOGE-tracked…

Singapore’s QCP Capital suggests that the market may pause this weekend. Bitcoin continues to show volatility, but analysts anticipate some market stability in the near future. QCP Capital notes that traders are no longer expecting an ether ETF to be approved soon, leading to market consolidation. Bitcoin tested $66,000 during Asian trading hours on Friday,…

COPA initiated legal action against Craig Wright in an attempt to prevent him from suing developers and others in the crypto community, claiming ownership of Bitcoin’s technology. Following a month-long trial, UK Judge James Mellor delivered a verdict stating that Wright is not Satoshi Nakamoto, the creator of Bitcoin, nor did he author the Bitcoin…

Deribit data indicates a surge in activity for the $200,000 strike bitcoin call option, which is significantly higher than the current market rate of the cryptocurrency. Open interest in options has reached all-time highs alongside the impressive rally in bitcoin’s price. Investor optimism, reminiscent of the bullish sentiment in 2021, is driving increased interest in…

Analysts suggest that the cryptocurrency market still has significant potential for growth. Bitcoin is set to end February with an impressive 44% increase, marking its most substantial monthly gain since December 2020. According to Galaxy’s Alex Thorn, the demand for Bitcoin through U.S.-listed spot bitcoin ETFs is met with limited supply, primarily due to long-term…