The latest sign that inflation is cooling makes it more likely the Federal Reserve will be able to gain enough confidence to cut interest rates this fall.
The odds of a cut in September jumped Thursday after the release of favorable new numbers from the Consumer Price Index (CPI), with traders now pricing in an 83% probability of an easing at the Fed's meeting on Sept. 17-18.
"I think it puts September firmly on pace for a ...

3iQ Digital Asset Management, a Canadian investment firm, has announced plans to launch the first Solana-based exchange-traded fund (ETF) in North America.
The proposed fund, named QSOL, will be listed on the Toronto Stock Exchange (TSX) and aims to track the price movements of Solana’s native cryptocurrency, SOL, against the U.S. dollar.
This move is expected to provide investors with the opportunity for capital appreciation and staking yields.
The S...

One of the most anticipated events between now and the elections in November is the debate between presidential candidates Joe Biden and Donald Trump. The debates, scheduled for June 27 and Sept. 10, are anticipated to provide both candidates with opportunities to clarify their policy stances and appeal to voters ahead of the election. While the primary topics of the debate are expected to include border security, inflatio...

Options trading desks saw heavy buying activity for BTC calls with June expiry.
BTC "ready to squeeze higher" with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted.
Bitcoin {{BTC}} options traders are increasingly positioning for the asset to hit fresh record prices this month, market data suggests.
"Our desk saw strong bullish follow-through with signi...

The nation's first spot-bitcoin ETF to hold bitcoin directly launches in Australia on Tuesday.
Monochrome Asset Management applied for approval in April. The swift approval reflects a push by the nation to keep up with global trends around crypto-related ETFs.
Australia-based Monochrome Asset Management’s Monochrome bitcoin {{BTC}} exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange...

Bitcoin (CRYPTO: BTC) may be on the cusp of truly going mainstream, but the crypto market continues to see no shortage of new scams. And it doesn't matter how big or sophisticated of an investor you might be. Even billionaires and longtime savvy investors can get duped by crypto scammers.
The good news is that you can take several basic steps to safeguard your crypto investments and steer clear of most crypto scams. Let's t...

The S&P 500 (SNPINDEX: ^GSPC) is hitting new all-time highs at the same time as Bitcoin (CRYPTO: BTC) is powering to new all-time highs, and that's leading to an interesting dilemma for investors. Should they invest in the S&P 500 or Bitcoin?
The answer might surprise you. Yes, Bitcoin is extraordinarily volatile. And, yes, the crypto market has historically been a very risky place to inv...

4,502.9 BTC ($305 million) was stolen from the exchange.
DMM Bitcoin said it will guarantee the full amount stolen.
All spot buys have been temporarily restricted and customers withdrawing yen may face delays.
DMM Bitcoin, a Japanese cryptocurrency exchange, said it lost 48 billion yen ($305 million) of bitcoin {{BTC}} following a hack.
In a blog post on its website, DMM Bitcoin said 4,502.9 BTC "leaked" out of the exchange. Measures hav...

The US economy grew more slowly than initially thought during the first quarter.
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first reading in April of 1.6% growth and in line with economist estimates.
The update to the first quarter growth metric "primarily reflected a downward revision to c...

Key documents for the proposed ether exchange-traded funds (ETF) were approved suddenly and unexpectedly.
The surprise approval and passage of FIT21 in the House indicate how crypto has become an election issue.
Ark will not make money from its bitcoin ETF.
AUSTIN, TX — ARK Invest CEO Cathie Wood said crypto is now a U.S. election issue, which is why key documents for the proposed ether exchange-traded funds (...