With the CPI up 3% in the 12 months through January, Fed rate cuts are “off the table for the time being,” sending Bitcoin and other cryptocurrencies on a downward trajectory over the short term.
Bitcoin dipped to lows of $94,250 on the back of Wednesday’s CPI print, while Ethereum and Solana also slipped.
Bitcoin, Ethereum Drop as US Reports Inflation Rose to 3% in January
Consumer prices rose as expected last month, indicating the pace of inflation remained unchanged in January after accelerating recently.
Goldman Sachs Doubles Down on Bitcoin ETFs, Increases Holdings by 120% in Q4
Goldman Sachs has boosted its crypto ETF holdings to $2.05 billion, reflecting rising institutional demand amid shifting macro conditions.
SEC Opens Public Comment on Four Solana ETFs in Next Step Toward Possible Approval
Fund issuers are rushing to capitalize on a newfound openness to crypto, though some have voiced reservations around meme coin ETFs.
DeFi Lending Platform zkLend Drained of $9.5 Million in Exploit
DeFi lending protocol zkLend has fallen victim to a major exploit, with the hacker draining $9.5 million in crypto assets.
Gaia is Building ‘Living Knowledge Systems’ for AI Agents – Decrypt
In a few short years, there will be “more AI agents than humans on Earth acting on the internet,” said Gaia CEO Matt Wright.
Sponsored post by Gaia
From our partner
Introducing Grayscale Bitcoin Miners ETF (ticker: MNRS). MNRS provides exposure to Bitcoin Miners and the global Bitcoin Mining industry at a time when we’re seeing unprecedented interest and growth in Bitcoin.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing. MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser.
Introducing MYRIAD’s Diamond Hands Poker event in collaboration with Abstract and Social Poker! MYRIAD’s first step into real money markets where you can wager $PENGU on players, hands and many more!
🤖 EMERGE: Judge Sides With Thomson Reuters in AI Copyright Dispute
A judge ruled Ross Intelligence copied Westlaw data without permission, in a blow to AI developer's fair use claims.
🎭️ SCENE: 'Augmented Intelligence': Christie’s Reveals First Auction Dedicated to AI Art
The Christie's auction kicks off on February 20 and features works from artists including Refik Anadol, Pinar Van Arman, and Claire Silver.
From our partner
Integrate the Absolute Labs Web3 SDK seamlessly into your Dapps to detect, capture, and engage crypto wallets eligible for staking or lending. Leverage real-time, contextualized campaigns with conversion rates ranging from 30% to 60%.
Discover how Absolute Labs Web3 CRM can become an essential driver of your growth strategy.
After Sam Bankman-Fried’s FTX collapsed in 2022, the future of Solana looked bleak. But from the fraud-fuelled ashes came a meme coin that saved the network: Bonk.
🎓️ LEARN: What Is the Pectra Upgrade? Inside Ethereum’s Future Roadmap
Ethereum’s Pectra upgrade boosts scalability, staking, and gas payment options with significant tech enhancements.
