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US CPI comes in lower than expected — Are rate cuts coming?
The latest print of the core Consumer Price Index (CPI) in the U.S. revealed a promising inflation rate of 3.1%, slightly below the anticipated 3.2%. This data, indicating a 0.1% decline in headline inflation figures, has intensified discussions surrounding potential Federal Reserve interest rate cuts. Matt Mena, a crypto research strategist at 21Shares, underscores the…
Continue ReadingWhy TikTok Should Be OnChain
A New Future for TikTok As TikTok navigates its ownership challenges, it has partnered with Project Liberty, co-founded by Alexis Ohanian, Reddit’s co-founder, and venture capitalist Kevin O’Leary, to explore organizational shifts toward a decentralized framework. This collaboration signifies more than a mere transition for TikTok; it represents a broader reevaluation of who governs the…
Continue ReadingCrypto exchange OKX secures MiFID II license in Europe
Cryptocurrency exchange OKX has marked a significant milestone by acquiring a key European Union license that allows it to offer derivatives products throughout the region. This development is poised to enhance OKX’s market positioning, enabling it to cater to a more sophisticated segment of institutional traders. In a March 12 announcement, Erald Ghoos, CEO of…
Continue ReadingSui Foundation onboards Blockaid to enhance ecosystem security
Blockaid’s recent partnership with the Sui Foundation marks a significant move to enhance the security framework of the Sui ecosystem. The collaboration aims to fortify Sui wallets against potential threats including smart contract exploits, offchain risks, and operational vulnerabilities. This development comes at a critical juncture, as Sui, which is a layer-1 blockchain introduced in…
Continue ReadingHYPE Sinks 8.5% as Whale Liquidation Causes $4M Hyperliquid Vault Loss
A significant liquidation incident involving a whale and a colossal $340 million Ethereum position has created waves within the Hyperliquid ecosystem, leading to an immediate 8.5% drop in the price of its governance token, HYPE. This liquidation not only impacted the token’s value but also resulted in a considerable loss for Hyperliquid’s HLP vault, which…
Continue ReadingXRP, SOL, DOGE ETFs Likely Won’t Be Approved Until New SEC Chair Is Sworn In
Despite recent developments surrounding several applications for spot crypto exchange-traded funds (ETFs), significant decisions from the Securities and Exchange Commission (SEC) remain unlikely until new leadership is firmly established. James Seyffart, an ETF analyst at Bloomberg Intelligence, commented on the situation, expressing skepticism about any approvals before Paul Atkins is confirmed as the new SEC…
Continue ReadingBinance introduces review mechanism to remove unqualified tokens
Binance’s recent announcement highlights a significant shift in its token management strategy through the introduction of a new comprehensive token review framework on its Alpha platform. Launched with the intent to refine the selection of tokens showcased, this initiative will actively remove assets that fail to meet specific quantitative and qualitative benchmarks. The criteria for…
Continue ReadingBitcoin Price Rally? Stablecoin Movement Suggests Accumulation Phase
There has been a notable increase in the total amount of tokens transferred among all stablecoins, signifying a potential accumulation phase. Such landmarks in the cryptocurrency market typically arise not during a downturn, but post-consolidation when investors are regrouping and strategizing for the next shift. ### Stablecoin Activity Signals Accumulation CryptoQuant’s recent analysis indicates that…
Continue ReadingWhy There’s More to BNB Than Meets the Eye
Many investors tend to categorize BNB as merely "the Binance coin," overlooking its expansive potential as a decentralized asset with diverse applications. Launched as the native cryptocurrency on the Binance Chain, now known as the BNB Smart Chain, BNB has evolved significantly since its inception. Initially tied to Binance’s quarterly profits through a burning mechanism,…
Continue ReadingWhy is XRP price up today?
XRP, the cryptocurrency that has gained prominence for its utility in cross-border payments and banking partnerships, has shown resilience amidst a recent market downturn. Following a notably volatile period, XRP has rebounded with a 6% increase over the past 24 hours, positioning itself at $2.24 and trading 18% above its 24-hour low of $1.89, indicating…
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