Bloomberg is forecasting $4 billion inflows into spot #Bitcoin ETFs on the first day of trading, and it appears that miners have decided to take advantage of the influx of money into the market. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
The December consumer price index (CPI) showed a slight increase in prices of 0.3% compared to last month, which is 0.2% more than in November. Compared to the previous year, prices rose 3.4%, up 3.1% from the month before. Economists had expected prices to rise 0.2% month-on-month and 3.2% year-on-year, according to Bloomberg data. Excluding the volatile food and energy categories, core inflation fell to 3.9% year-on-year from 4.0% a month earlier. Economists surveyed by Bloomberg expected core inflation to be 3.8%. On a monthly basis, core inflation rose 0.3%, unchanged from the previous month. The published data will be crucial for investors who, since the release of the latest CPI report, are increasingly assessing the chances of a “soft landing” - a reduction in inflation to 2% without an economic downturn. Such an outcome could mean the central bank's campaign to raise interest rates is over and it can begin cutting rates, reducing borrowing costs for businesses and consumers. As of early Thursday morning, markets pegged the likelihood of the Fed cutting interest rates in March at about 69%, according to CME's FedWatch tool. While markets are aggressively pricing in the possibility of interest rate cuts as inflation appears lower, Fed officials are taking a more measured approach. Fed Chairman Michel Bowman said Monday that while the Fed may eventually have to cut rates if inflation continues to decline, "we haven't reached that point yet." "We're in a contractionary position and I'm comfortable with that and I just want the economy to continue to grow with us in that position and hopefully keep inflation at our 2% level," he said, according to media reports of his comments. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
The market now expects smaller rate cuts from major central banks. 🇺🇸Fed -1.39% 🇪🇺ECB -1.36% 🇬🇧BoE -1.19% 🇦🇺RBA -0.47% 🇨🇦BoC -1.15% Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
Top BTC-ETF in the first 30 minutes -BlackRock -Grayscale - Fidelity Worst in the first 30 minutes of trading: -Franklin - WisdomTree -VanEck Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
It's the first day of trading for Bitcoin ETFs, and there's plenty of potential for growth. The Grayscale Bitcoin Trust ranks No. 1 among Bitcoin ETFs with $28 billion in assets under management. But by comparison, that's only half the size of the largest gold ETF. And the largest gold ETF is only half the size of the tenth largest ETF, the Vanguard Growth ETF. After all, GBTC is less than 6% of SPY. That's a lot of growth potential for Bitcoin ETFs if you're willing to take a long-term view. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
USDC issuer Circle has confidentially filed for an IPO, according to Reuters. Details of the application are unknown. Circle wanted to go public in 2022, but abandoned the bid amid regulatory uncertainty. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
The Near Foundation announced it would cut 40% of its staff. The layoffs will include 35 people from the marketing, business development and community departments. The development team will continue to work as usual. The company noted that its financial position is stable. The Near Foundation has $285 million in cash, $305 million in NEAR, and $70 million in investments and loans. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
SEC Commissioner Hester Pierce commented on the approval of ETFs and once again criticized the regulator Securities and Exchange Commission (SEC) Commissioner Hester Pierce said that over the years, the SEC has led retail investors to less efficient means of trading Bitcoin. The disproportionate focus on crypto product applications has diverted limited staff resources from other critical work, Pierce said. Over ten years, millions of dollars, time and personnel were wasted simply blocking these products. She added that the SEC was greatly abusing administrative resources to tell people where to invest and where not to invest. “If these products had come to market the way other similar products usually come to market, we would have avoided the circus we are now in. We have alienated a generation of innovators. The industry filed hundreds of meetings, filings, findings and amendments, and ultimately had to resort to a costly legal battle to get us to where we are today,” Pierce concluded. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
The US Securities and Exchange Commission (SEC) has officially approved all 11 spot Bitcoin ETFs (VanEck, Bitwise, Fidelity, Franklin Templeton, Valkyrie, Hashdex, Ark Invest, Grayscale, BlackRock, WisdomTree and Invesco Galaxy). The regulator's website has been installed. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
Companies continue to reduce fees on their Bitcoin ETFs BlackRock has reduced the commission of its spot Bitcoin ETF to 0.25% (in the first six months/$5 billion it will be 0.12%). ARK also reduced the commission to 0.21%. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
WebN Group and Laser Digital (a division of the Japanese tank Nomura) introduced the Libre protocol. Libre is designed for issuing tokenized assets and is developed based on the Polygon SDK. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
According to Techcruch, apps from eight exchanges have disappeared from the Indian App Store, including Binance, Kraken, Mexc, Kucoin, Huobi, Gate, Bittrex and Bitfinex. Only the Bitstamp application remains in the store. Less than two weeks ago, India's regulator said these exchanges were operating illegally in the country and ordered them to block access to their websites. Our Social Networks : X.com Telegram Facebook Instagram Our partner will solve Your problematic :
