Browsing: United States

Bitcoin has fallen 3.6% over the past 24 hours to around $81,500 as stronger-than-expected U.S. producer inflation has renewed concerns about another Federal Reserve interest rate increase. U.S. producer prices rose 1.3% in September, the largest monthly increase since March 2022. Annual wholesale inflation reached 6.3%, following Wednesday’s 3.7% consumer inflation reading. Bitcoin traded near…

The Kobeissi Letter painted a bleak picture of wealth distribution in the US, arguging that the country is increasingly becoming an economy divided between asset owners and everyone else. ByJordan Lyanchev

The market structure is significantly different today, said one of the analysts we talked to. ByJordan Lyanchev

After last month’s highly impressive US jobs report, which showed that the local economy had added 162,000 jobs (later revised to 133,000), all eyes turned to today’s new release, with expectations standing at 90,000 new non-farm payrolls.

Bitcoin’s post-midterm history deserves attention, as the $73,000 short-term holder cost basis potentially becomes important support. ByChayanika Deka

Weakening household credit alongside high rates could put Bitcoin on the defensive while financial conditions tighten. ByWayne Jones

Kakaopay Securities has partnered with Dinari to test whether Korean-listed shares can be tokenized and distributed to eligible investors outside South Korea, including through channels in the United States. Kakaopay Securities and Dinari will test tokenizing Korean equities for possible international distribution through partners. Dinari’s dShares model backs each token one-to-one with an underlying security…

The GENIUS Act established reserve requirements that could link wider stablecoin circulation to demand for dollars and short-term Treasuries. ByWayne Jones

Treasury Secretary Scott Bessent publicly urged the Senate to pass the Digital Asset Market Clarity Act as the chamber returned from its August recess. A cloture vote on the motion to proceed to H.R. 3633 is scheduled for 2:15 p.m. Eastern on Tuesday, September 15, after Majority Leader John Thune filed cloture on August 8.…