Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report. The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target. Ethereum (ETH),...
As ‘Banana’ Telegram Game Rises, CARV Reveals $50 Million Accelerator
CARV, a blockchain data protocol designed for gaming and AI projects, announced Thursday that it is launching a $50 million accelerator program aimed at fostering innovation in decentralized data infrastructure. The initiative, called CARV Labs, will support startups working on projects that could drive mass adoption of CARV's data protocol. Backed by prominent blockchain venture capital firms including HashKey Capital and Ethereum software firm Consensys, CARV Labs will offer funding, technical...
CryptoPunks NFT Worth $1.5 Million Just Sold for $23,000—Here's How
The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)—after being locked up and overlooked thanks to a now-defunct website. CryptoPunks are some of the most valuable Ethereum NFTs around, even years after the market boom. This particular Punk was especially prized, as out of the total collection of 10,000 profile pics, it was...
Are Ethereum Staking Yields Too High?
As staking grows in popularity through liquid staking derivatives, there is a need to better quantify staking returns for different platforms and how they change over time, sa...
The Middleman’s Shadow in the Tokenization Complex
In the world of crypto, digital assets, and the dream of decentralization, the middleman is a figure of scorn. We speak of peer-to-peer networks with no need for gatekeepers....
Housing inflation the 'only real standout surprise' of August CPI report
The latest Consumer Price Index report released Wednesday showed that housing inflation still isn't easing.
Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading
Crypto markets have made a habit over the past few weeks of declining as U.S. traditional markets open, underscoring a general risk-off sentiment among American investors.
Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase
Another technical indicator suggests even tougher times could be in the cards for the crypto market.
The Harris-Trump Debate Showed How Little Crypto Matters to Voters and Politicians
Trump and Harris didn’t mention crypto once last night because, despite the industry’s pretensions to relevance, most people don’t care about these issues, says Ryan Gorman.
CoinDesk 20 Performance Update: Index Falls 2.1% with Only Two Gainers
Internet Computer advanced 2.7% and Uniswap rose 0.3% as all 18 other assets declined.