US Personal Consumption Expenditures (PCE) inflation, the Fed’s preferred inflation gauge, is expected to come in hot at 3.8% today. Stock and crypto market participants are closely awaiting PCE data for further cues on Fed interest rate decisions. With the US dollar index and 10-year Treasury yield (US10Y) rising again, the upcoming release is critical
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ADI Chain:- The leading Layer-2 blockchain network from the MENA region, ADI, has signed a major partnership with Ledger to provide institutional-grade security support for its native token, $ADI. As part of the partnership signed by blockchain’s ADI Foundation, Ledger will now support $ADI natively on its platform. Interestignly, ADI Chain is linked to a
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The U.S. Commodity Futures Trading Commission (CFTC) on Thursday said it has joined the Winklevoss twins’ Gemini crypto exchange in dismissing a Biden-era $5 million civil penalty imposed on the exchange. This marks a major development under the pro-crypto Trump administration, with the agency claiming the case should have never been filed. Ad Ad US
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U.S. President Donald Trump has publicly extended support for the crypto industry recently. His statement stirred optimism as Washington’s lawmakers are working to move forward on the long-awaited CLARITY Act. Ad Ad President Trump Backs Bitcoin, Crypto Market In a post on Truth Social, Trump has leveled accusations of almost destroying the digital asset market
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Momentum for the crypto market structure bill is waning in Washington. Thus, Sen. Cynthia Lummis warned that the U.S. software developers would be in trouble again if Congress doesn’t approve the legislation this session. Ad Ad Senator Lummis Warns On Consequences of CLARITY Act Not Passing In a post on X, Lummis wrote, “If the
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Ripple has submitted a letter to the US Securities and Exchange Commission’s (SEC) Crypto Task Force. The crypto giant urges clear guidelines or amendments to stablecoins, crypto asset non-security status, and tokenized securities rules. This marks a significant push for regulatory clarity for the crypto industry. Ad Ad Ripple Submits 5 Proposals to US SEC
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The XRP Ledger (XRPL) has successfully activated its latest version 3.1.3 upgrade, with the fixCleanup amendment now live on the mainnet. The upgrade delivers key fixes across NFTs, Permissioned Domains, Vaults, and the Lending Protocol. Meanwhile, XRP price has slipped to $1.33 amid crypto market selloffs ahead of US PCE inflation data and the upcoming
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