Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but “nobody knows” yet how lasting the impact will be.
News from Web3, Bitcoin and crypto crurrency launches and market updates
“Building reliable infrastructure across blockchain networks and traditional financial rails is hard — there are no shortcuts,” said Polymarket CEO Shayne Coplan.
Bitrefill will cover the losses from operational capital.
XRP is trading around $1.50, just above a key options cluster at $1.40 on Deribit.
Lieutenant Governor Juliana Stratton is now likely to be the next Senator from Illinois, after defeating Rep. Raja Krishnamoorthi, who enjoyed major backing from crypto PAC Fairshake.
The South Carolina Republican said he might see a draft of stablecoin yield language as soon as this week, and other issues continue to be negotiated.
Hot PPI inflation data in the morning and hawkish remarks by Powell in the afternoon would be the most damaging combination for risk assets, including crypto, Bitfinex analysts said.
The U.S. Securities and Exchange Commission shared the informal guidance it’ll use to classify crypto securities alongside its sister agency overseeing commodities.
The token broke through $1.50 resistance on a 125% volume spike, pushing its market cap to $93.4 billion. Binance futures open interest has climbed 59% since October even as the price remains 58% below its high.
Ether jumped 13%, XRP surged 11%, and solana gained 9.7% over seven days as $767 million in ETF inflows and ceasefire speculation fueled the broadest rally since before the war.
Bitcoin briefly surged to a six-week high above $75,000 before quickly retreating, underscoring the fragility of the latest rally.
Bitcoin’s move, led by unwinding of shorts, has lifted the broader crypto market, with the CoinDesk 20 Index up 5%.