Fed Chair Jerome Powell faces a critical dilemma ahead of his Jackson Hole speech on Friday. Citi Director and Global Economist Robert Sockin told Bloomberg Surveillance that the impact of higher tariffs on inflation worries Powell and that recent labor market data raises the possibility of a September rate cut. Sockin noted that it was
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin BTC$113,547.43 down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum ETH$4,163.33 treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi
Japanese automaker giant Toyota is exploring the financialization of car ownership, turning fleets into assets. Summary Toyota has proposed a blockchain that links all key data on cars NFTs can represent vehicle ownership, and traders can bundle them in a portfolio The concept is especially useful in EVs, robo-taxis, and fleets Toyota is actively exploring
The Stablecoin market has reached a new high, with its today’s market capitalization value crossing the $288.7 billion market. According to the latest data shared by PHOENIX, a crypto analytics firm, crossing this psychological mark emphasizes the critical role of stablecoins as a medium of liquidity in the crypto economy. Tether’s Reign – An Unmatched
Kenneth Rogoff, professor of economics at Harvard University, has taken to the X social media network to address his awful Bitcoin call, which recently went viral on social media. He has outlined the main reasons why his prediction went so terribly wrong, with the lack of “sensible” regulation being one of them. $100,000 instead of
A new proposal suggests the building of Ronin L2 as an Arbitrum Orbit chain, with this coming as the Ronin team plans to migrate the gaming chain into a full-fledged, Ethereum-aligned layer 2 by 2026. Summary A proposal that seeks to build Ronin L2 on Arbitrum is live. The move comes as Ronin, launched as
Derek Ross calls Nostr “the foundation of a more open internet.” For him, Bitcoiners who aren’t using Nostr are missing the point. Looking at his feed, you get early 2010s Twitter vibes — “microblogging” was the word used back then. But what Ross sees in the future for this revolutionary communication platform goes well beyond
Foundry USA and AntPool now control over half of Bitcoin’s hash power. Bitcoin price is slipping toward $110,530, a crucial support level. Macro fears and Fed shifts add pressure to already weak crypto markets. After Monero’s 51% takeover, two Bitcoin mining pools have sparked fears of a potential 51% attack on Bitcoin. Notably, the developments
A portfolio of over 280 Bitcoin-related domain names, some registered just after the cryptocurrency’s launch in 2010, is on the auction block. According to Lloyds Auctions, many domains in the lot were registered as early as 2010 and are now being offered as a single lot to bidders. The collection spans core Bitcoin sectors including
Before coming to understand Bitcoin, Anaïse Kanimba didn’t view it as anything more than another asset for “crypto bros” to trade. But after learning about what problems Bitcoin solves — from cheaper, faster remittances to serving as money for the unbanked to helping pro-democracy activists to raise funds without doxxing their donors — Kanimba has