The U.S. dollar rose against its major counterparts in the New York session on Thursday, as better-than-expected economic data suggested that economy is on solid footing. Data from the Commerce Department showed that the pace of U.S. economic growth unexpectedly surged more than previously estimated in the third quarter. The report said gross domestic product...
The U.S. dollar climbed to a two-year high on Thursday on upbeat economic data and the Federal Reserves signal that rate cuts next year will be fewer than previously expected. The dollar index surged to 108.49 in the New York session, gaining more than 0.4%, after exhibiting weakness in the European session. The Fed cut...
Consumer prices in Japan were up 2.9 percent on year in November, the Ministry of Communications and Internal Affairs said on Friday. That was slightly above expectations for 2.8 percent and was up from 2.3 percent in October. On a seasonally adjusted monthly basis, consumer prices rose 0.6 percent - accelerating from 0.4 percent in...
Bitdeer invests $240 million in TSMC to mass-produce SEAL02 chips, boosting efficiency and targeting a 40 EH/s hashrate in 2025.7 EH/s of SEALMINER A2 units are allocated to external clients, with demand surpassing available production capacity ahead of bulk shipments in March 2025. Bitdeer is moving quickly, as the company founded by Jihan Wu has...
According to reports, the SEC’s decision on the staking request in Grayscale’s Ethereum Trust ETF is expected to be made before May 26, 2025.This comes soon after the Cboe BZX Exchange submitted a similar proposal requesting staking approval in the 21Shares Core Ethereum ETF. Recently, it was reported that the NYSE Arca has submitted an...
A recent survey has revealed that Gen Z is increasingly favoring cryptocurrency over traditional retirement plans like 401(k)s.Despite 83% of investors aware of cryptocurrency considering it a risky investment, a growing number of people are choosing to allocate funds to digital assets. A new study by Todd Dupeyan, senior vice president of market research at...
Framework Ventures’ co-founder warns that US stablecoin regulations could weaken dollar dominance and push financial innovation abroad.The GENIUS Act may block foreign stablecoin issuers from the US Treasury market, limiting competition and stifling digital finance growth. The latest stablecoin bill in the United States has stirred further controversy. While some say this is a calculated...
Around 12% of Bitcoin addresses are now in unrealized losses, the highest level recorded since October 2024.Market liquidation surpassed $1.2 billion in the last 24 hours, triggering increased volatility and uncertainty among traders. Bitcoin price is under heavy pressure again after falling below $89,000, a level last seen in November. BTC is down 7.28% in...
Mow predicts Bitcoin could reach $1 million by 2025, citing institutional adoption, ETF approvals, and central bank accumulation as key catalysts.Short-term market suppressions may be holding BTC back, but long-term trends suggest continued growth as regulatory clarity and institutional interest increase. Following Samson Mow’s defense of Bitcoin’s potential for a 10x surge, CNF recently highlighted...
The enthusiasm behind a Bitcoin reserve bill is dying down with some Republicans voting against the move.Despite the immediate political setbacks, there is an expectation most governments will adopt the strategy in the future. The establishment of a Bitcoin reserve in the United States has come under severe attack amid divisions among Republican members. Proponents...