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US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
US CPI Preview: Inflation Likely to Climb to New 40-Year High
A hotter-than-expected core CPI figure could bring renewed selling pressure to the bitcoin market.
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.
US Treasury Opens Door for Public Comments on Biden’s Crypto Order
The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.
Digital Dollar Could Be Good for Financial Stability, US Federal Researchers Say
Though critics of a central bank digital currency have warned it could amplify bank runs, the Office of Financial Research says it may actually help.
Three Arrows Creditors Get Emergency Hearing as Founders Fail to 'Cooperate'
Creditors say the fund’s remaining assets could be “transferred or otherwise disposed of” before creditors get their share.
US Job Growth Remains Historically Strong, Exceeding Economists' Expectations
The employment report will be a key data point for the Federal Reserve's next rate hike decision later this month.
FDIC Probing Voyager Claims It Was Insured by Regulator
The Canadian-based crypto exchange filed for bankruptcy earlier this week.
Solana Labs, Multicoin Accused of Violating Securities Law by SOL Investor
Solana’s SOL token is an unregistered security whose insiders have benefitted while retail suffered, the suit alleged.
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
