October Inflation Rate Hits 2.6% Sparking Cautious Optimism
October's inflation rate rose to 2.6%, aligning with expectations, prompting cautious optimism from Federal Reserve officials about future economic conditions.
Coinbase Launches COIN50 Index for Top 50 Cryptos
Coinbase introduces the COIN50 Index, enabling users to track the top 50 cryptocurrencies, primarily Bitcoin and Ethereum, while excluding derivatives in select markets.
Key Insights Ahead of U.S. CPI Data Release
Anticipation builds for the upcoming U.S. CPI data, with forecasts indicating potential upward pressures on core inflation, influenced by recent economic developments.
Italy Cuts Crypto Tax from 42% to 28%
Italy's government plans to reduce proposed crypto tax from 42% to 28%, addressing industry concerns and aiming to boost market competitiveness.
Canary Capital Group Files for HBAR ETF Launch
Canary Capital Group has filed to launch an HBAR ETF to directly hold HBAR cryptocurrency, offering investors a straightforward ownership model without derivatives.
Scott Bessent as Favourite Treasury Secretary Candidate on Polymarket
Scott Bessent is predicted to become Treasury Secretary, possibly transforming U.S. cryptocurrency policy and fostering a pro-crypto regulatory environment under Trump.
Treasury Yields Surge After Trump Election Amid Policy Changes
U.S. Treasury yields rise post-Trump's election, fueled by potential policy shifts and upcoming inflation data influencing monetary policy expectations.
Dogecoin Market Cap Hits $66.5 Billion, DOGE Soars +50%
Dogecoin's market cap soared to $63.5 billion following a 51% price increase, fueled by speculation around Elon Musk's political influence and broader crypto rally.
Ethereum ETFs Attract a Record $295.5 Million in Inflows
Spot Ethereum ETFs saw historic inflows of $295.5 million, reflecting heightened investor interest and optimism amid favorable regulatory sentiment and rising trading volumes.
Polymarket Betting Sees 59% Chance of Bitcoin Hitting $100,000 by 2024
Prediction markets estimate a 52% chance Bitcoin will hit $100,000 by end of 2024, with current price movements and institutional interest driving optimism.