Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains
Fed Chair Jerome Powell (Helene Braun/CoinDesk)
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Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case
Terraform Labs co-founder Do Kwon (CoinDesk TV)
Bitcoin Miners Cash in on BTC Rally as Crypto Exchange Transfers Hit Two-Month High
Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as BTC hovered around its local high $70,000.
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.
First Mover Americas: Bitcoin Stabilizes Amid Further ETF Outflows
The latest price moves in bitcoin (BTC) and crypto markets in context for June 12. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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.
MetaMask Adds ‘Pooled Staking’ for Cheaper Ethereum Validation
The new feature aims to expand the accessibility of staking, which previously required an investment north of $100,000. But the project is still missing features offered by other staking platforms.
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.
Zimbabwe Is Seeking Comments on the Crypto Industry: Report
Zimbabwe is seeking comments from the crypto industry as it tries to understand the sector more.
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.