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KoreanElon Musk, the CEO of Tesla, voiced a positive outlook on Bitcoin, acknowledging its value and hinting at an appreciation for other digital currencies.
XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock
XRP trading activity is heightening in South Korea, where traders tend to get euphoric about rallying tokens.
Ether ETFs Break Four-Day Outflow Streak, Bitcoin ETFs Record $18M Outflows
The crypto Trump trade appears to be softening.
Nvidia Becoming More Volatile Than Bitcoin and Ether
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
Nvidia Becoming More Volatile Than Bitcoin and Ether
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
Australia’s Cooler Core Inflation Opens Door to Rate Cut
(Bloomberg) -- Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting money markets to boost bets on an interest-rate cut. The currency and bond yields dropped.Traders abandoned wagers on policy tightening at the RBA’s meeting next week after the closely-watched trimmed mean inflation gauge, which smooths out volatile items, advanced 3.9% in the second quarter from 4% in the prior period, government data
U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows
The purchase of bitcoin for a new strategic reserve would be financed partly by revaluing Federal Reserve's gold, according to draft legislation from U.S. Senator Cynthia Lummis's office. The plan proposes establishing a "Bitcoin Purchase Program" of up to 200,000 BTC a year over a five-year period. U.S. Senator Cynthia Lummis's plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk.