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U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K

U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K

Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.

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Irys raises a total of $8.9 million in Lemniscap-led funding round

Irys develops scalable on-chain storage, with infrastructure to help trace and verify digital information. 

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First Mover Americas: Bitcoin Stabilizes Amid Further ETF Outflows

The latest price moves in bitcoin (BTC) and crypto markets in context for June 12. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Crypto and Artificial Intelligence Could be a $20 Trillion Megatrend, Bitwise Says

The two industries could add a collective $20 trillion to global GDP by 2030, the report said.

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MetaMask launches pooled staking for Ethereum, excluding US and UK users

MetaMask has rolled out a pooled staking service, enabling ether holders to stake any amount with validators operated by Consensys.

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Ripple to use Axelar as bridge protocol for EVM sidechain

Ripple announced it will use Axelar as primary bridge protocol for its upcoming EVM-compatible sidechain: XRPL EVM Sidechain.

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Bitwise estimates crypto and AI could add $20 trillion to global GDP by 2030

Mining firm diversification and blockchain-based verification are use cases at the intersection of the industries, analyst Juan Leon said.

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MetaMask Adds ‘Pooled Staking’ for Cheaper Ethereum Validation

The new feature aims to expand the accessibility of staking, which previously required an investment north of $100,000. But the project is still missing features offered by other staking platforms.

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U.S. CPI and Fed Meeting: Things to Watch Out as BTC Nurses Losses

BTC has come under pressure in the lead up to the key events that could influence Fed rate cut expectations.

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Zimbabwe Is Seeking Comments on the Crypto Industry: Report

Zimbabwe is seeking comments from the crypto industry as it tries to understand the sector more.

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