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Markets
Crypto Traders Say Inflation Already Priced Into Bitcoin
“It’s the same old devastating and boring accumulation phase,” one observer said.
DEX Contango Pushes Retro Alternative to Perps With 'Expirable Futures'
The decentralized exchange said it will launch a beta version later in the summer after undergoing security audits.
Voyager Digital's Token Surges Over 250% on 'Short Squeeze'
A short squeeze refers to a sharp rally fueled by the unwinding of bearish positions or several sellers rushing to take profits.
Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed
BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.
Wobble in stETH's Price Shows Fear Celsius Might Dump $435M Stake
The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.
US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
Long-Term Bitcoin Investors Stick It Out as Speculator Selling Drives Prices Lower: Coinbase
"Holders are less likely to sell BTC during turbulent periods," the crypto exchange said.
Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet
The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.
Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure
Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.
Jobs Growth Is the Savior of Inflation-Wracked US Economy
Economists say robust employment complicates the recession outlook.
