Why did Bitcoin drop despite the expected US inflation?
Inflation data for July in the US came within expectations, causing Bitcoin to drop. The largest cryptocurrency traded above $61 thousand before the data fell by about $2500.
Hakan Ateşler
Samsung, Binance and Pantera invest in crypto AI company
Decentralised blockchain and artificial intelligence platform Sahara Labs has received a total investment of $37 million from a group of institutions, including major companies. Pantera Capital and Polychain Capital led the funding round, while Binance Labs and Samsung Next also took part in the round. The company, which combines artificial intelligence and crypto, raised $6 million in a seed investment round 5 months ago.
US inflation announced
CPI data for July was announced in the US. After yesterday’s PPI data came in lower than expected, the CPI also came in at 2.9%. Thus, US inflation saw 2% levels for the first time in more than 3 years.
Crypto.com becomes global cryptocurrency partner of UEFA Champions League
Crypto.com, which has made a name for itself with its sports deals in recent years, has also partnered with the UEFA Champions League, which is seen as the world’s largest football organisation.
cbBTC step from Coinbase: “We’re going to build a massive Bitcoin economy”
Coinbase, the largest cryptocurrency exchange in the US, will launch a coin called ‘cbBTC’, which will be an alternative to ‘wrapped Bitcoin’. The new product will take place on Coinbase’s layer 2 network Base.
Cryptocurrency and world markets await US inflation
July data on inflation, which has recently started to decline in the US, will be announced today. The data, which will be announced at 12.30 GMT, will also be decisive on the Fed’s possible interest rate cuts. Expectations are that annual inflation will increase by 3.0% or 2.9% in July.
Goldman Sachs bought more than $400 million of Bitcoin spot ETFs
It has been revealed that Goldman Sachs, one of the largest investment banks in the US and the world, has a $419 million Bitcoin spot ETF. BlackRock has the largest share in these ETFs, which the bank manages on behalf of its customers.
Binance announces new Launchpool project
Binance exchange announced Toncoin (TON), which it recently opened to general listing as the 56th Launchpool project. Users; By locking BNB, FDUSD and TON, they will be able to earn TON again.
Telegram game Hamster Kombat rejects all incoming VC offers
Hamster Combat, which has recently been played at the level of craze worldwide and reached 300 million users, announced that it rejected all investment offers from investment companies to “avoid Web3 funding traps”.
Significant increase in stablecoin inflows: $53 billion per day
While it continues to be discussed whether there will be a new wave of decline in cryptocurrencies, the increase in the amount of stablecoins entering the exchanges does not escape the eyes. According to the information provided by the CryptoQuant analyst, the daily fixed coin average entering the central exchanges has reached $53 billion per day.