The crypto community was anticipating today’s Core PCE inflation report with much anticipation. Inflation dipped to 2.5% in June from 2.6% in May, as reported most recently. Importantly, it has also been consistent with what the market was expecting, while June’s core inflation rate was flat. After cooling to 2.6%
July 27, 2024 2 mins read
On July 26, 2024, the Federal Reserve Board stated that Silvergate Bank and the Silvergate Capital Corporation would not be subject to any further enforcement actions. The notice states that the board’s enforcement action was halted since Silvergate was able to wind down its activities, reimburse clients, and cease to
July 26, 2024 1 min read
A law to legitimize Bitcoin mining has reportedly been passed by Russia’s Duma. This measure, which was approved on the first reading, lays the groundwork for a digital currency mining sector that is regulated. A major change in the country’s stance toward cryptocurrencies is marked by the measure. Which seeks
July 24, 2024 2 mins read
Solend, a Solana lending protocol has announced that it has rebranded as Save and relaunched on save.finance. In order to increase the financial possibilities accessible to Solana users, Save is growing with the launch of three additional products: an LST, an app for memecoins shorting, and a stablecoin. The lessons the Solend team has learnt over
July 24, 2024 2 mins read
Significant trading activity has already been produced since spot Ethereum ETFs first debuted on the U.S. stock market Tuesday morning. The exchange-traded funds amassed millions in total trading volume in less than an hour. At roughly 10:45 a.m. EST, or 75 minutes after the open, the funds reached $300 million
July 23, 2024 2 mins read
With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been
July 23, 2024 2 mins read
On July 22, the price of Solana reached $185, its highest point in the last two months, maintaining its bullish momentum, a climb of more than 3.5% in the previous 24 hours. Investors are becoming excited about the possibility of pro-crypto candidate Donald Trump winning, as the recent gains reflects
July 23, 2024 1 min read
Two Ethereum ETFs, one from Grayscale and one from Bitwise, will be listed and traded on the New York Stock Exchange Arca (NYSE Arca). This approval was formally announced by the exchange. In accordance with SEC filings, NYSE Arca has authorized the registration and listing of Spot Ethereum ETFs. These
July 22, 2024 2 mins read
The chief executive officer of blockchain firm Messari, Ryan Selkis, has resigned. Part of the reasoning for the choice was what happened last week leading up to the US presidential elections. Selkis has been outspoken on the necessity for transparent regulation of the cryptocurrency sector and other related laws. The
July 20, 2024 2 mins read
Jack Dorsey has chosen to halt support for the Bitcoin-friendly Cash App in the UK after six years of existence. Cash App, a consumer payments platform that facilitates funds transfers via mobile app, will leave the UK market on September 15. The decision is a result of the difficulties Cash
July 19, 2024 1 min read
