Transak, a Web3 payment infrastructure provider, raised $16M led by IDG Capital & Tether! π Theyβll expand their stablecoin network (30% of their $2B volume is already stablecoin-based) & enter new markets. Transak is also licensed in the US, UK, EU, Canada, Australia & India. π°
#crypto #blockchain #news
Grayscale launches trusts for Sui ecosystem tokens DEEP & WAL! π Exposure to liquidity (DeepBook) & data/privacy (Walrus). DEEP ($372M mc) & WAL ($559M mc) dipped slightly today. Signals bullishness on Sui! #Sui #DeFi #Grayscale
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Ex-St. Louis Fed Prez James Bullard says heβs discussed potentially replacing Jerome Powell as Fed Chair with Treasury Sec. Yellen & would follow her lead. Bullard stressed heβd prioritize low inflation & Fed independence, despite potential White House input. Heβd accept a nomination. #Fed #economy
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Fed rate cut odds jump to 90.1% for September after latest CPI data! Markets now expect a 25 bps cut next month, with potential for 50 bps in October. #Fed #CPI #RateCut
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Vietnam to pilot a digital asset exchange & is exploring a CBDC! π»π³ New policies expected in August will cover trading & asset management, with a focus on blockchain security. #Vietnam #DigitalAssets #Blockchain #CBDC
#crypto #news
Fed likely to cut rates in Sept after encouraging inflation data! π Treasury yields fell & the dollar weakened as traders bet on a 25 bps rate cut at the Sept 17th meeting (80%+ probability). #economy #fed #interestrates
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US inflation rose modestly in July (0.2% MoM, 2.7% YoY), but data accuracy is now in question. Core CPI jumped 0.3% MoMβa 6-month high. Budget cuts led to data collection pauses, including a full stop in Nebraska, raising concerns about reliability. #inflation #economy
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US Core CPI jumped to 3.1% YoY in July, a 5-month high & above forecasts of 3.0%. Overall CPI held steady at 2.7%, missing expected 2.8% rise. #CPI #inflation
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BitMine (BMNR) plans to raise $20B by issuing more stock, increasing total authorized shares to $24.5B. Funds will be used to buy more Ethereum. Stock closed at $58.98 on Aug 11th. A big move for the crypto ATM operator! #cryptocurrency #ethereum #stockmarket
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ETHZilla (180 Life Sciences) holds $349M in Ethereum (82,186 ETH) bought at avg $3,806.71! π Theyβre staking with Electric Capital for revenue & becoming an Ethereum reserve management platform. Also have $238M in cash. #ETH #Ethereum #crypto
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