US CPI Drops to 3.5%; ETHBTC Breaks 20-Week Trend Line
Headline inflation posted its biggest monthly drop since May 2020, re-igniting the disinflation trade and pulling ETH out of a multi-year bear against Bitcoin in the same session.
Market-moving crypto headlines from the last 24 hours.
Headline inflation posted its biggest monthly drop since May 2020, re-igniting the disinflation trade and pulling ETH out of a multi-year bear against Bitcoin in the same session.
A 24-day window is unusually tight for a bill this consequential: the legislation would split SEC and CFTC jurisdiction over digital assets, ending the years-long jurisdictional tug-of-war that has…
The shift reframes a transit fee as a capital-incentive package, and ties Gulf energy corridors to US diplomatic leverage rather than tariff revenue.
A transit fee on the world's busiest oil chokepoint would be a geopolitical tariff nobody has tried at scale, and oil markets read it as risk-on inflation news within minutes.
A 0.4% monthly fall in consumer prices, the largest since the early pandemic, drained the hawkish-Fed trade that had capped crypto for a week. Energy did the heavy lifting.
The pivot kills a short-lived tariff revenue stream in favor of bilateral investment and a naval blockade on Iranian shipping in the Gulf.
The $16.8B contracted backlog reframes Hut 8 from a bitcoin miner into an AI infrastructure landlord, even if Q2 earnings stay noisy on mark-to-market BTC accounting.
Hyperliquid now holds roughly $6B of USDC, around 8% of supply, and the new revenue split with Coinbase hands 90% of reserve income to the DEX rather than splitting it evenly with Circle.
The $300B stablecoin stack has always been framed as a dollar substitute; Tether is now testing whether its reserves can also fund a non-cloud AI stack that runs on user devices.
The commercial vehicle targets the confidentiality gap that keeps banks and asset managers off public ledgers, and it lands inside the biggest EF restructuring in years.
The cap table reads like a list of who matters in stablecoins right now: Coinbase, Ripple, Wintermute, and Capital One all on the same term sheet, with the round specifically built for corporate…
Robot Ventures is leading the raise, fifteen months after Paradigm led Nous's $50M Series A, putting a crypto-native AI lab into unicorn territory on a decentralized training thesis.
Giselle Lai reframes the institutional pitch: the prize is moving idle cash across fragmented global accounts cheaply, a use case she says will take two decades to fully mature.
The wallet last moved BTC at roughly $12 a coin; seven years of patient holding, now a transfer to a venue synonymous with sale-ready positioning.
A sub-4% CPI print is the cleanest macro setup crypto has had in months: a cooling inflation path hands the Fed room to cut, and rate-cut odds repriced within minutes of the release.
Headline inflation ran a full 30bp cooler than consensus and core ran 20bp cool, reviving the rate-cut tape and knocking the dollar lower just as markets were bracing for a hawkish Fed.
The single-day outflow more than doubled the prior session's $223M inflow, signalling that the soft-jobs relief trade lacked a bid once rate-cut odds repriced.
Headline CPI dropped 0.4% versus 0.1% expected and core was flat, undercutting the hawkish drift that had pushed July hike odds to 42% just a day earlier.
Both the headline and core prints undershot consensus, giving the Fed cover to keep cutting while the disinflation glide-path stays intact.
A bitcoin miner selling compute to a hyperscaler is no longer a press-release curiosity. A $6.6 billion contracted-revenue line and 885 MW of exclusivity make the pivot to AI adjacency impossible to…