Wholesale inflation is back in focus. Here’s what PPI means for your money and Bitcoin
Bitcoin was designed as a hedge against inflation, but every hot inflation report in the past year has knocked its price lower, and Thursday's data was no different. The Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, the fastest pace since November 2022 and well above the 0.7% monthly gain […] The post Wholesale inflation is back...
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Crypto should adopt the best of centralization, says LMAX CEO
As digital assets mature the industry should borrow more from traditional market infrastructure, especially credit, clearing and collateral systems, David Mercer argues....
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression forcing operators to take hardware offline. The automated recalibration, scheduled to occur on June 13 at block height 953,568, is projected to slash the […] The pos...
Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?
Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value. Within days, Bitcoin had slid […] The post Are 24/7 CME Bitcoin futures a...