Fidelity files with SEC to add staking to Ethereum ETF
Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors.
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Bitcoin Price Holds Steady as US July CPI Comes in as Expected
The US CPI data now follows the weaker-than-expected jobs report from last week.
Ethereum price rebounds 3% as CPI lifts ETH above $1,900
Ethereum price rebounded from $1,850 to trade above $1,900 on Aug. 12 as softer U.S. inflation data supported risk appetite and buyers returned near a key support zone. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price…
US Inflation Holds at 3.4%: Will Bitcoin Dodge a September Fed Hike?
US inflation held at 3.4% in July, matching Wall Street forecasts, while core prices cooled to 2.5%. The in-line report keeps a September Federal Reserve rate hike a live coin flip for Bitcoin (BTC) traders. The Bureau of Labor Statistics…
SEC and CFTC plans to write crypto rules without Congress – but they can’t make them permanent
CFTC Chair Michael Selig said on Aug. 4 that the agency has crypto rule proposals ready and plans to finalize them before the current administration ends, regardless of whether Congress passes the CLARITY Act. SEC Commissioner Hester Peirce has separately…
Why Bitcoin Mining and AI Are Merging, Not Colliding
Bitcoin Magazine Why Bitcoin Mining and AI Are Merging, Not Colliding AI is pricing Bitcoin miners off the main power grid. Headlines call it a surrender, but a massive infrastructure win is hiding inside the eviction. This post Why Bitcoin…
New York City Council probes Polymarket, Kalshi over marketing practices
The New York City Council has opened an investigation into the marketing practices of four prediction market platforms, including Polymarket, Kalshi, Coinbase and Gemini Titan, over allegations that event-contract firms may use deceptive advertising to attract consumers. The office of…
Standard Chartered-backed Anchorpoint begins HKDAP stablecoin rollout
Standard Chartered-backed Anchorpoint began an institutional rollout of its Hong Kong dollar stablecoin, HKDAP, following licensing approval.
Morning Minute: The CFTC Bails Out Kalshi in NY
The CFTC keeps going to bat for Kalshi while the ultimate prediction market court battle looms, with the fate of the sector in the balance.
Bitwise Cuts 14% of Staff as Crypto Slump Reaches ETF Issuers
The reduction matches the percentage shed by Coinbase in May, and follows shutdowns at BitMEX and BitMart.
Why is Ethereum Price Stuck Below $2,000?
If you have been following the Ethereum price action for a while, you would know that the 6% monthly uptick could reverse rather quickly. Even though ETH seems to be trading inside a rising channel, an otherwise bullish pattern, a…
Bitcoin price rebounds from $63,200 as CPI looms
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove BTC into the $63,200 support zone ahead of key U.S. inflation data. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) price was trading near…