U.S. inflation data came in line with expectations driving bitcoin BTC$92,118.12 briefly above $92,000 in the minutes following the report. The consumer price index (CPI) rose 2.7% year over year in December, the same as in November, according to the Bureau of Labor Statistics’ Tuesday report and as economists had estimated. Core CPI, which excludes
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2925.94, up 0.7% (+20.36) since 4 p.m. ET on Friday. Eighteen of 20 assets are trading higher. Leaders: ICP (+7.4%) and NEAR (+6.0%). Laggards: BCH (-1.7%) and POL (-1.7%).
Franklin Templeton has amended two Western Asset institutional money market funds (MMFs) to plug directly into the emerging US stablecoin regime and tokenized cash infrastructure rather than launching new crypto native products. According to a release shared with Cointelegraph, Franklin Templeton is adapting the two long‑running Western Asset institutional funds so they can be used
A recent on-chain report shared by Lookonchain highlights a sharp loss incurred by a Polymarket trader known as “bossoskill1.” Over just eight days, the trader lost approximately $2.36 million while actively participating in sports-related prediction markets. The activity included 53 separate predictions across major leagues, making this one of the more extreme short-term drawdowns observed
Global central bank leaders have rallied behind US Federal Reserve Chair Jerome Powell, warning that political pressure on the Fed risks undermining financial and economic stability worldwide. In a joint statement released Tuesday, governors from 11 major central banks said they “stand in full solidarity with the Federal Reserve System and its Chair Jerome H.
By Omkar Godbole (All times ET unless indicated otherwise) U.S. credit unions joined banks in rejecting reward payments for holding stablecoins while crypto traders await U.S. inflation data that could boost bitcoin buying. The Digital Asset Market Clarity Act is a proposed regulatory framework that categorizes digital assets into three main categories: digital commodities like
Crypto infrastructure builder Polygon Labs said it has signed definitive agreements to acquire crypto payments firm Coinme and wallet infrastructure provider Sequence for more than $250 million, as it looks to expand Polygon’s role in stablecoin-based payments and onchain money movement. The move comes as crypto projects increasingly position themselves as neobank-like platforms, offering payments,
While the leading cryptocurrency Bitcoin (BTC) was trading around $92,000 and Ethereum (ETH) around $3,137, US December inflation data was released. While volatility in BTC continues, the whole world is focused on US inflation figures. Here are the US inflation figures that have been released: Here are the data released for November: Consumer Price Index