Crypto and Artificial Intelligence Could be a $20 Trillion Megatrend, Bitwise Says
The two industries could add a collective $20 trillion to global GDP by 2030, the report said.
Markets
U.S. CPI and Fed Meeting: Things to Watch Out as BTC Nurses Losses
BTC has come under pressure in the lead up to the key events that could influence Fed rate cut expectations.
Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for ‘Wild Wednesday’ of FOMC, CPI Report
Tomorrow’s Fed “dot plot” of interest rate projection and forward guidance by Chairman Powell will be key for what’s next for the digital asset market, K33 Research said.
Will Trump Trounce Biden? Polymarket Traders Are Betting on It.
With a 56% chance of winning, according to the prediction market’s traders, the former president has a 22-point lead over the incumbent, far bigger than what the polls indicate.
First Mover Americas: Bitcoin Falls Below $67K as ETFs’ Inflows Streak Ends
The latest price moves in bitcoin (BTC) and crypto markets in context for June 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.
Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.
Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop.
AI-Linked Crypto Tokens Underperform as Apple’s Event Fails to Impress Traders
Tokens of Render, Fetch.ai, SingularityNET and Bittensor slumped 3%-5% despite mostly flat bitcoin and broader crypto prices.
Bitcoin Bags $2B Inflows, Ether Sees Highest Institutional Buying Since March
One trader expects ETH prices to hit $10,000 in 2024, a nearly 200% increase from current levels of $3,600.