Key Takeaways UK inflation remains significantly above the Bank of England’s 2% target. Persistent inflation may prompt the central bank to pause further interest rate hikes. UK inflation remains nearly double the Bank of England’s target as policymakers prepare for a likely pause in interest rate increases. The persistent elevated inflation reading comes as the
A significant development recently captured the attention of the cryptocurrency world: the Bhutanese government moved a substantial amount of Bitcoin. Specifically, an address associated with the Bhutanese government transferred 343.1 BTC, valued at an astonishing $40.18 million, to a new address just an hour ago, according to Onchain Lens. This substantial Bhutan BTC sell-off has
Rich Dad Poor Dad author Robert Kiyosaki, a strong proponent for Bitcoin, says it is “criminal” that kids are being taught from a young age to work for an inflationary currency while arguing the virtues of Bitcoin. “Poor people are poor because they have no idea what real money is. And so our academic system,
Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value. “If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin
Historically, bitcoin’s price peaks approximately 20 months after a Bitcoin halving. The last Bitcoin halving occurred in April 2024, which means we could see a cycle top by December of this year. The odds of this are increasingly likely as Fed Chair Powell cut rates by 25 bps today, giving the approximately $7.4 trillion sitting
The Federal Reserve’s 25 basis point (bp) rate cut, its first of 2025, set the stage for weeks of market debate. While the move was widely expected, Chair Jerome Powell’s dovish tone at yesterday’s press conference and the Fed’s sharply divided dot-plot have left investors wondering what will happen next. Powell Signals a Risk Management
Story Highlights total trading volume in bitcoin ETF reached $4.24 billion, with total net assets of $152.45 billion BTC daily trading volume has reached $60.878 billion despite the fed rate cut The total trading volumein Ethereum ETF surged from $1.70 billion to $2.34 billion, with total net assets of $29.72 billion. On September 17, spot
Spot bitcoin BTC$117,181.08 ETFs saw their first daily outflows in over a week on Wednesday, shedding a net $51.28 million, as investors reacted to the Federal Reserve’s unexpectedly cautious outlook on future policy. The outflow broke a seven-day streak that had brought in nearly $3 billion. Assets under management remain above $150 billion, according to
Cache Wallet, an AI-driven, non-custodial crypto wallet with its trademarked asset recovery, has joined Layer-1 blockchain ICB Network, an interoperable blockchain fully built by ICB Labs. The partnership will help to promote interoperability, security, and practical blockchain use in the Web3 ecosystem. Cache Wallet × ICB Network 🤝 🚨 Cache Wallet is thrilled to announce