News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Check out how high SHIB can spike in the following months (according to some popular analysts).
Rep. Wiley Nickel, a crypto-friendly lawmaker, seemed optimistic that the measure to overturn SAB 121 would pass the Senate this week, noting that it had previously passed the House with bipartisan support. Earlier in the day, Nickel penned a letter to Gensler, calling on him to withdraw SAB 121.
Bitwise CIO Matt Hougan said bitcoin allocations revealed in recent 13F filings with the SEC are just a “down payment.”About six months after an initial allocation, Hougan said he’d expect allocations to rise to 1-5% of professional investor portfolios on average.
Van Buren Capital General Partner Scott Johnsson unearthed an overlooked detail in a March spot Ethereum ETF filing on Tuesday. Analysts suggested the filing showed the SEC is potentially considering ETH a security in likely spot ETF denials this month.
Bitcoin rallied alongside stocks following cooler U.S. inflation data for April.The largest digital asset by market cap increased 3% in the past 24 hours.
MicroStrategy, whose bitcoin holdings are currently valued at $13.5 billion, will be added to the MSCI World Index, effective May 31.The addition follows a surge in the price of MicroStrategy’s stock — which up more than 87% year-to-date.
- 14:12The U.S. PPI increase in January was slightly higher than expectedThe US PPI data for January robustly increased, further proving that inflation is rising again and reinforcing the financial market's view that the Federal Reserve will not cut interest rates before the second half of this year. The data shows that last month's PPI rose by 0.4%, while the index for December of last year was revised upwards to an increase of 0.5%. Data released last Wednesday showed that January CPI recorded its largest increase in nearly a year and a half, making hopes for another Fed rate cut in June seem slim. The financial market currently expects a rate cut in September, but some economists believe that due to strong domestic demand and stable labor markets, the window for further easing policies has already closed.
- 14:09Scroll announces the establishment of a Safety CommitteeScroll announces the establishment of a Security Committee. The Security Committee is a decentralized governance body responsible for overseeing protocol upgrades, emergency responses, and other important decisions affecting the Scroll ecosystem. Its main goal is to maintain the security and integrity of the Scroll network.
- 13:56Bets on the Federal Reserve cutting interest rates in July increase in the marketU.S. short-term interest rate futures rise, increasing market bets on a Federal Reserve rate cut in July, but the market still believes there is a greater possibility of a rate cut in September.