Business – Page 215

BitMEX launches the year-end gala with a prize pool of 3.5 BTC

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US inflation figures surprise, with CPI higher by just 2.7% in November

US inflation numbers surprised to the downside on Thursday, potentially setting the economy up for continued interest rate cuts by the Federal Reserve next year. The consumer price index (CPI) rose 2.7 per cent. on an annualized basis in November, according to a Thursday report from the Bureau of Labor Statistics. Economists’ expectations had been

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Bitcoin continues to influence dogecoin, shiba inu demand

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Dogecoin and Shiba Inu moved lower in tandem on Tuesday, extending a period of underperformance for meme coins, as rising volume and tight chart structures offset signs of accumulating major holders. News background Meme coins remained under pressure as traders continued to rotate away from higher beta exposures even as broader crypto markets showed selective

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Micron crushes earnings with BTC surging above $87,000

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From “it’s so over” to “we’re so back” – market sentiment turns quickly these days on social media. Just days after AI bubble fears resurfaced, Micron ( MU ), a critical supplier of memory chips used in AI infrastructure and data centers, has posted blowout earnings, reversing that gloom in an instant. As a result,

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US bitcoin ETFs see strongest gains in over a month as BTC dominance hits 60%

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U.S. spot bitcoin exchange-traded funds (ETFs) posted their biggest one-day inflows since Nov. 11 on Wednesday, coinciding with a volatile crypto market where bitcoin BTC$87,116.83 rose to nearly $90,000 before reversing and falling below $86,000. In total, the funds recorded net inflows of $457.3 million, most of which — $391.5 million — went to the

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JPMorgan’s tokenized dollars are quietly rerouting how Wall Street moves money

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Just a few years ago, it was virtually unthinkable that a Wall Street titan like JPMorgan would embrace crypto, but the recent arrival of the bank’s tokenized deposits on Coinbase’s layer-2 blockchain Base is proof that the world’s biggest banks are eventually moving toward exotic realms like decentralized finance (DeFi). Last month’s move by the

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Coinbase deepens India presence after approval of CoinDCX deal

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India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX, allowing the US-based exchange to deepen its exposure to one of the world’s fastest-growing crypto markets. The Competition Commission of India (CCI) approved the transaction on Wednesday, giving Coinbase the green light to invest in DCX Global Limited, CoinDCX’s parent company.

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Macquarie sees US Senate near crypto deal as market structure, GENIUS rules move forward

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Macquarie (MQG) expects the US Senate’s crypto push to accelerate as recent closed-door talks between Democrats and Republicans on a compromise market structure bill mark a meaningful step toward a bipartisan deal, the investment bank said in a report last week. The bank held a Dec. 8 meeting with Democratic negotiators, including senators Kirsten Gillibrand,

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