Bitcoin Treads Water Ahead of Key U.S. Inflation Data

·1 views

Bitcoin has remained range-bound in recent weeks as steady inflows into spot ETFs have largely offset selling pressure in the market. The prolonged sideways movement has significantly dampened volatility across the cryptocurrency. Analysts are now watching Wednesday's U.S. inflation report as the next major potential catalyst for a decisive price move. A stronger or weaker-than-expected reading could tip the balance between buyers and sellers and break Bitcoin out of its current trading range.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

CFTC Orders Kalshi to Keep Operating Prediction Markets in New York

The Commodity Futures Trading Commission (CFTC) has directed Kalshi to continue offering its prediction markets in New York despite an ongoing legal challenge. New York state filed a lawsuit against Kalshi last month seeking to block the platform from running sports-related prediction markets. The federal regulator's order effectively pushes back against the state's attempt to shut down Kalshi's operations. The development highlights a jurisdictional tension between state authorities and federal oversight of prediction market platforms.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Itaú Unibanco Partners With OpenAssets to Pilot Tokenized Bonds and Funds in Brazil

Brazil's largest bank, Itaú Unibanco, has announced a partnership with tokenization firm OpenAssets to explore digital asset capabilities. The collaboration involves testing tokenized bonds and investment funds as part of a structured pilot program. The initiative is being overseen by ANBIMA, Brazil's financial industry regulatory body. The move signals Itaú's growing commitment to integrating blockchain-based financial instruments into its operations.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

eToro Posts Q2 Crypto Revenue Drop Despite Overall Profit Beating Forecasts

Trading platform eToro reported a decline in gross crypto revenue to $1.35 billion in the second quarter. Despite the crypto segment underperforming, the company's total profit surpassed analyst estimates. eToro also announced a deal to acquire U.S. brokerage firm TradeZero for up to $231 million. The acquisition signals eToro's intent to expand its footprint in the American brokerage market.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Three Democratic Women Could Shape Future Crypto Legislation in Congress

A group of three Democratic congresswomen is poised to play a significant role in shaping future cryptocurrency legislation on Capitol Hill. The lawmakers are already familiar figures in congressional debates around digital assets. Their influence could grow if crypto regulation returns to the legislative drawing board for further deliberation. All three are known for viewing digital assets with considerable skepticism and distrust. Their positions suggest any revised crypto legislation could face a more critical Democratic lens.

0 comments Read more at CoinDesk