Lower CPI and tariff rollbacks boost crypto’s outlook despite economic concerns and Fed rate uncertainty. Key takeaway: The crypto market’s strength sustains even as investors continue to ponder the impact of raising the US debt ceiling. The cryptocurrency market responded positively to Wednesday’s Consumer Price Index (CPI) report and reduced prospects of an escalating trade war between the US and China. Demand for alternative hedge instruments typically weakens in such scenarios, yet Bitcoin (BTC) neared $109,000, while Ether (ETH) posted a 3% gain, trading above $2,800. Read more
Weeks after a stablecoin bill stalled over Trump-linked concerns, the Senate advanced the GENIUS Act. In a 68-30 vote, the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after it was introduced. Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged members of Congress to support the bill, echoing many of US President Donald Trump’s talking points on digital assets, including that the legislation would help make the US the “crypto capital of the world.” A majority of senators, including several Democrats, voted to invoke cloture for the bill, setting it up for debate and a full floor vote before potentially sending it to the House of Representatives for further consideration. “We want to bring cryptocurrency into the mainstream, and the GENIUS Act will help us do that,” said Thune. Read more
A practical guide to setting up, using and optimizing AI crypto trading bots, plus a glimpse into where intelligent trading is headed next. AI-powered crypto trading bots use machine learning to make smarter, faster trading decisions — without emotions. Setting up a bot involves choosing a platform, connecting your exchange, configuring strategies and running backtests. Bots can run 24/7, react to data instantly and are ideal for passive income seekers and active traders. Read more
Bitcoin price trades near its all-time high as ETH and several altcoins start fresh rallies. Key points: Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level. ETH and HYPE are leading the altcoin charge. Read more
Péter Szilágyi, a former Ethereum Foundation employee and the lead Geth developer, said the organization repeatedly undermined his team. A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in several ways, including encouraging the developers to work at other firms, proposing salary cuts and offering $5 million for the team to spin off into a private company. Szilágyi wrote in a Wednesday X post: He corrected the year further down the post chain, writing, “2024, whatev :).” Read more