Bitcoin, Ethereum Tumble as CPI Report Points to Rising Inflation
Inflation rebounded in May after an April slowdown, impacting on a crypto market increasingly correlated with tech stocks.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
More USDT was issued without a sustained rise in balances held by smart-contract accounts on Ethereum, according to a Bank for Int...
Tether’s USDT linked to Iran’s shadow banking system, Senate report finds
The Senate report on USDT's role in Iran's shadow banking could prompt stricter crypto regulations, impacting global stablecoin ma...
The year’s second-largest XRP hack is spilling over to Bitcoin and Ethereum
The D’CENT wallet hack, the year’s second-largest drain of XRP behind the Bitget crypto exchange hack, has spilled beyond the XRP...
Citi reportedly partners with Coinbase to bring stablecoin payments to institutional clients
The partnership could accelerate stablecoin adoption in traditional finance, influencing market dynamics and potentially boosting...
Ethereum’s next scaling leap may come from making everyone stop doing the same work
Ethereum co-founder Vitalik Buterin says advances in cryptography could turn decentralization from a performance cost into a scali...
BOE’s Ramsden affirms QT strategy, signals potential rate hike if inflation rises
Ramsden's stance underscores the BOE's proactive approach to inflation control, potentially impacting economic growth and market s...