MacroSlate Weekly: US inflation comes down, but Fed forecasts ‘mild recession’
MacroSlate Weekly: US inflation comes down, but Fed forecasts ‘mild recession’U.S. CPI inflation slowed to 5% from 6%, the largest single drop in inflation this cycle, Bitcoin exceeds $30K
Happy Saturday!The global crypto market cap is $1.27 trillion with a 24-hour volume of $39.11 billion. The price of Bitcoin is $30,291.74 and BTC market dominance is 46.0%. The price of Ethereum is $2,099.35 and ETH market dominance is 19.8%. The best performing cryptoasset sector is Yield Farming, which gained 12%.
Latest NewsMacroSlate Weekly: US inflation comes down, but Fed forecasts ‘mild recession’
U.S. CPI inflation slowed to 5% from 6%, the largest single drop in inflation this cycle, Bitcoin exceeds $30K Op-ed: Communities are not built around JPEGsAs the success of NFTs depends on community building, blockchain technology offers unparalleled transparency, financial alignment, and participatory governance for a new era of digital collaboration. Elon Musk to develop artificial intelligence, founds new corporation X.AIThe news follows Musk's decision to rebrand Twitter Inc. as X Corp. Silk Road attacker receives one year sentence for $3.4B Bitcoin theftThe perpetrator managed to conceal his actions and his stolen funds for over a decade. MetaMask email address leak affects 7,000 usersThe data leak was the result of an attack on a third-party support provider. SEC reopens comments on proposed changes to “exchange” definitionThe regulator's broadening of the Exchange Act could affect DeFi platforms. Hoskinson: Cardano has a ‘beautiful plan’ for ZK-rollupsCharles Hoskinson teased the rollout of ZK-rollup technology on Cardano, saying more will follow later. Leading NFT fractionalization infrastructure Fracton Protocol surpasses $3 billion in trading volumeFracton Protocol enables $3 Billion in trading volume of hiNFTs on KuCoin, empowering investors with transparency and accessibility. XCH jumps 8% as Chia Network submits proposed IPO registration to SECFollowing the proposal, XCH price rose by nearly 9% to $44.253 as of press time, according to CryptoSlate data. SEC’s regulatory actions push US-based exchanges to withdraw staked EthereumThe SEC has urged US-based crypto exchanges offering staking programs and interest-bearing products to comply with securities laws.
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