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NewsBriefs - Bitcoin rebounds to $97,500 after post-inflation drop

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  • CoinDesk

    Bitcoin rebounds to $97,500 after post-inflation drop

    Bitcoin recovered to $97,500 after initially dropping to just above $94,000 due to unexpected high US inflation data. This reversal represents a 1.4% rise over the past 24 hours, outperforming the broader crypto market's modest 0.5% gain. The rebound in crypto markets coincides with optimistic developments in traditional markets and international diplomacy, potentially influencing market sentiment.

    CoinDesk

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    • The Block

      Bitwise CIO sees opportunity as institutional interest in crypto grows amid retail pessimism

      Bitwise Chief Investment Officer Matt Hougan identifies a significant opportunity in the crypto market due to contrasting sentiments between institutional and retail investors. Hougan notes institutional sentiment towards crypto is highly bullish, evidenced by substantial investments, including exchange-traded funds and corporate acquisitions of Bitcoin. Meanwhile, retail sentiment is at a low, affected by poor performance in altcoin investments compared to Bitcoin. Despite current retail pessimism, Hougan is optimistic about the long-term prospects for altcoins, highlighting potential regulatory clarity and the role of stablecoins as factors driving future growth.

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      The Block

    • U.S. Bureau of Labor Statistics

      US inflation rate exceeds expectations, reaching 3% in January

      The US Consumer Price Index (CPI) in January 2025 recorded a higher than anticipated annual increase, reaching 3%, a significant rise from the previous value of 2.9%. Core CPI, excluding food and energy, also saw a year-over-year rise to 3.3%. On a monthly basis, the CPI went up by 0.5% due to rising costs in shelter, energy, and food. This increase marks the largest annual CPI rise since June 2024.

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      U.S. Bureau of Labor Statistics

    • Bitpanda

      Peter Thiel-backed Bitpanda expands into the UK with FCA approval

      Bitpanda has received approval from the UK Financial Conduct Authority (FCA) to extend its crypto operations into the UK, offering the largest selection of over 500 crypto tokens available on the market. The expansion also includes plans to open a London office and the addition of tailored financial products such as staking and crypto indices for UK investors. This move reinforces Bitpanda's position as a leader in compliant, secure crypto investment solutions in Europe.

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      Bitpanda

    • Crypto. com

      Crypto.com gains full approval to offer crypto services in all EEA member states

      Crypto.com has received regulatory approval to offer crypto services across all European Economic Area (EEA) member states, enhancing its market presence and customer base in Europe.

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      Crypto. com

    • CoinDesk

      Bitcoin rebounds to $97,500 after post-inflation drop

      Bitcoin recovered to $97,500 after initially dropping to just above $94,000 due to unexpected high US inflation data. This reversal represents a 1.4% rise over the past 24 hours, outperforming the broader crypto market's modest 0.5% gain. The rebound in crypto markets coincides with optimistic developments in traditional markets and international diplomacy, potentially influencing market sentiment.

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      CoinDesk

    • BNB Chain

      BNB Chain announces dynamic 2025 roadmap with AI integration and transaction advancement

      BNB Chain aims to enhance its technology by 2025, focusing on ultra-low transaction latency, improved network throughput, and advanced AI integrations. They target sub-second transaction speeds, enabling gasless transactions for diverse tokens and refining developer tools to boost overall network performance and user experience. Additionally, AI advancements will permeate different sectors on BNB Chain, from gaming to DeFi, supported by enhanced data and AI technology.

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      BNB Chain

    • Chainlink

      Chainlink launches CCIP, Data Streams, and Data Feeds on Sony's Soneium Mainnet

      Chainlink, in collaboration with Sony Block Solutions Labs, has launched Chainlink CCIP, Data Streams, and Data Feeds on the Soneium Mainnet. This integration enables developers to build advanced applications and drive onchain innovation more efficiently. By providing essential tools for cross-chain interoperability and real-time data feeds, Chainlink supports Soneium's commitment to scaling Web3 technologies and onboarding new users to the blockchain ecosystem.

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      Chainlink

    • The Block

      Sol Strategies named staking provider for 3iQ's Solana Staking ETF

      Sol Strategies has been selected as the staking provider for 3iQ Corp's upcoming Solana Staking ETF, aimed to expand institutional Solana staking. The ETF, filed with Canadian regulators, seeks to offer regulated exposure to Solana's staking rewards. Meanwhile, the approval of a similar product in the US by the SEC appears more likely, with Bloomberg analysts giving a high chance of approval this year. Sol Strategies, showcasing robust infrastructure and compliance, marks significant growth and credibility in the crypto staking sector.

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      The Block

    • The Block

      Uniswap Labs launches Unichain, its dedicated Layer 2 blockchain

      Uniswap Labs has launched Unichain, a dedicated Layer 2 blockchain aimed at accelerating Ethereum's rollup-centric roadmap and addressing the fragmentation in the Ethereum ecosystem. This release follows the recent launch of Uniswap V4 and introduces advanced features such as sub-second block times with Rollup-Boost technology and a fair priority model within its gas auctions to reduce maximal extractable value issues, enhancing user experience in the DeFi space.

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      The Block

    • The Block

      CAR memecoin collapses 97% within 24 hours of launch amid legitimacy concerns

      The Central African Republic's memecoin, CAR, plummeted 96.7% to a low of $0.029 in slightly over 24 hours from its peak at $0.89, driven by concerns about its legitimacy and market viability. Launched as a national experiment to promote unity and development, the launch led to confusion and skepticism, further impacted by broader market instability as seen in the downturn of other meme coins following recent US tariff announcements.

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      The Block

    • The Block

      OpenSea denies rumors of KYC requirements for speculated token airdrop

      OpenSea has refuted rumors that users will need to complete a know-your-customer (KYC) process to participate in a speculated token airdrop. The rumors, sparked by a leaked website link and discussed widely on the social platform X, were dismissed as false by OpenSea's CEO, Devin Finzer. He clarified that the website was only a test site and the mentioned KYC terms were not intended for any planned airdrop. OpenSea has yet to confirm any plans for a token airdrop.

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      The Block

    • Cointelegraph

      North Carolina proposes investment in Bitcoin ETPs with new state legislation

      North Carolina has introduced a bill that enables the state treasurer to invest public funds in Bitcoin ETPs, with specific conditions such as each asset having a minimum market capitalization of $750 billion. Speaker of the House Destin Hall and co-sponsor Mike Schietzelt see this as an opportunity for positive yields and technological leadership, aligning with broader trends of states adopting crypto investment strategies.

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      Cointelegraph

    • Nikkei

      Japanese Financial Services Agency moves to regulate crypto assets like securities

      The Japanese Financial Services Agency is planning to regulate crypto assets as financial products similar to securities. This includes potential tax reductions and the approval of Bitcoin spot ETFs. The agency aims to enhance investor protection through increased disclosure requirements and is considering lifting the ban on Bitcoin spot ETFs, with proposed tax rates potentially dropping from 55% to 20%. Details of the regulatory reforms are expected to be officially announced in June, with the revisions likely to be debated in the 2026 ordinary session of the National People's Congress.

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      Nikkei

    • CZ

      CZ critiques Binance’s token listing process, calls it 'a bit broken'

      Changpeng Zhao, Binance's founder and former CEO, criticized the crypto exchange's token listing process, calling it 'a bit broken' due to short notice periods causing price fluctuations on decentralized exchanges. Zhao highlighted the problematic four-hour gap between token listing announcements and the actual listing, which leads to speculative trading behavior.

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      CZ

    • Alon

      Pump.fun co-founder clarifies no plans for token launch amid rumors

      Pump.fun co-founder has dismissed rumors about launching a new token, advising to only trust information from official Pump.fun channels. Despite focusing on product improvement throughout its first year and working on rewarding its users, there's no confirmation of a token launch. Speculation about a potential public offering using the Dutch auction model and collaborations with CEXs arose from an unverified source. Pump.fun has generated substantial fees and has had significant financial transactions with Kraken. Recent legal challenges in the US could also influence the feasibility of a future token issuance.

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