Analyst says 'sticky inflation' could be bad for Bitcoin
Core PCE beats forecast at 2.8%, raising concerns over delayed Fed rate cuts—analysts warn this could pressure Bitcoin and broader crypto market sentiment.
US extends Serbian oil firm NIS's sanctions waiver for 30 days, President Vucic says
BELGRADE (Reuters) -The United States Treasury has granted a second 30-day extension to the Serbian oil company NIS's sanctions waiver, Serbian President Aleksandar Vucic said on Friday. The introduction of sanctions could have resulted in crude supply cuts for NIS, which operates Serbia's only oil refinery, with an annual capacity of 4.8 million tons, and covers most of the Balkan country's fuel needs. It is majority-owned by Russia's Gazprom Neft and Gazprom.
A Public Company Boasting Trump's Sons on Advisory Board Is Buying BlackRock Bitcoin ETFs
Dominari Holdings, a wealth management firm, announced during an earnings report on Friday that it would use a portion of its excess cash to buy shares of the iShares Bitcoin Trust.
'Staggeringly bad judgment' for Bitcoin? Here's what you missed this week
Bitcoin holds steady as SEC sees leadership shift, Crusoe pivots to AI, and GameStop signals major Bitcoin investment.
Exclusive-Fed's Daly says flat progress on inflation hurts confidence in rate cut outlook
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly still sees two interest-rate cuts this year as a "reasonable" projection, but the recent plateauing of inflation progress gives her less confidence in that outlook, and with the labor market solid and the economy still growing, policymakers can wait to reduce rates until they assess how businesses will adjust to tariff costs. Speaking by phone in an initial interview late Thursday from Fairbanks, Alaska, Daly said local business and community leaders there expect that tariffs will increase their costs and are strategizing about how to find workarounds, but they also expect some levies to be relaxed over time, or to allow for some exceptions. Meanwhile inflation has come down from its peak, and the Fed's interest-rate cuts last year mean that projects businesses had put on hold are now "penciling out," and they are going ahead with them, she said.
Crypto Bill to Combat Illicit Activity Gets New Push After Passing U.S. House in 2024
The House of Representatives legislation would set up a government group across the Treasury, Justice Department and Secret Service to head off bad actors.
US Consumer Spending Barely Rises, Key Inflation Gauge Picks Up
(Bloomberg) -- Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesInflation-adjusted con
If You Invested $1K in the Cryptos Included in the US Reserve 5 Years Ago, Here’s How Much You’d Have Today
In early March of this year, President Donald Trump announced plans for a crypto strategic reserve that would include five cryptocurrencies: bitcoin, ether, XRP, solana and cardano. Federal reserves...
Key Inflation Measure Got Hotter In February
Inflation rose faster than expected in February, according to the PCE report released Friday. Meanwhile, spending rose less than expected, highlighting the risks that President Donald Trump's campaign of tariffs could push the economy into "stagflation."
Bitcoin eyes $250K but only if it tops all-time highs
Bitcoin remains stable around, but analysts predict a major move ahead. Arthur Hayes sees a potential surge to $110,000, fueled by the Fed’s policy shift.