For the first time in more than a century, America is about to go dark on its inflation stat. With Bureau of Labor Statistics staff furloughed due to the shutdown, there will be no Consumer Price Index and no official measure of the cost of living, nor a baseline for the markets. What the hell? … Read more
This week, crypto has experienced many ups and downs. BTC ▲2.82%, ETH ▲11.55%, and BNB ▲5.13% hit their all-time highs, with Ethereum ETF inflows peaking. Bitcoin peaked at $124k early in the week, then went down sharply after the unexpected PPI data was released. It dipped to $115k by midweek, before testing the $110k support. … Read more
Date Event Impact Jan 20 WLFI memecoin launch during inauguration Token price spiked, but trading was restricted Jan 20 Pro-crypto leaders appointed to top agencies SEC, CFTC, and science advisory roles filled by crypto-friendly figures Jan 21 Trump unveils $500B Stargate AI initiative Backed by OpenAI, Oracle, and SoftBank Jan 21 Ross Ulbricht’s sentence commuted … Read more
Talk about a rough wake-up call for crypto traders. In the early hours of April 15, Amazon Web Services (AWS) suffered a network hiccup at one of its Tokyo data centers, and the ripple effect was instant. The AWS crypto outage raised questions about the reliability centralized exchanges, but first let’s start with actually happened. … Read more