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$BTC Loses $1,000 in Minutes After CPI Comeback, CFTC Launches US Regulator ‘Milestone’

BTC lost 1,000 within just 3 minutes after the CPI came in at 8.3% year-on-year, suggesting that the U.S. inflation rate wasn't slowing down as much as what analysts predicted.

In Coin360 Daily Digest:

2.1/ BTC lost ~7% of its value in the past 24h, pushing the price from 22,600 to around 20,800 after the CPI data release.

Considering the following factors: - Energy prices down, food prices up - Core CPI rate rose 0.6% month-on-month, x2 expected - Fed's target for

2.2/ inflation is 2% annually - DXY climbed above 109 for the first time since Sept 9 -> Analysts expected two more 75 bps hikes before slowing down in Dec and Jan

Some are even weighing the chance of a 100 bps rate hike:

Markets & Mayhem on TwitterMarkets & Mayhem on Twitter

3/ ETH dropped by 6% in the past 24h, sending the price below 1,620. This, to some investors, increased the Merge's risk to be a "sell the news" event:

Some managed to record a minor gain, including LUNC XEC TWT USTC PHB.

With Inflation at 8.3%, Ethereum Risks “Sell the News” MergeWith Inflation at 8.3%, Ethereum Risks “Sell the News” Merge
Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ @Fidelity is reportedly considering providing clients with access to Bitcoin trading via its brokerage platform:

This came as the firm's crypto exchange, built in partnership with @CharlesSchwab @citsecurities was introduced:

Why Investment Giant Fidelity Could Allow Bitcoin TradingWhy Investment Giant Fidelity Could Allow Bitcoin Trading
Investment giants' Fidelity, Charles Schwab and Citadel crypto exchange goes liveInvestment giants' Fidelity, Charles Schwab and Citadel crypto exchange goes live

5/ @northzoneVC announced the launch of a €1B fund in the 10th funding round, its "largest fundraise to date." Crypto and fintech startups will be its focus.

Northzone Announces Largest Fundraise to Date, Targeting Web3 StartupsNorthzone Announces Largest Fundraise to Date, Targeting Web3 Startups

6/ @doodles announced a 54M raise led by @sevensevensix with participation from @10TFund @AcrewCapital @FTX_Official.">@FTX_Official The round pushed the NFT project's valuation to 704M.

NFT Collection Doodles Raises 54M at 704M ValuationNFT Collection Doodles Raises 54M at 704M Valuation

7/ @COSIMOventures is aiming to raise some 200M for a new vehicle that plans to bet on staking opportunities.

New Crypto Staking Fund Targets 200M as Ethereum Merge NearsNew Crypto Staking Fund Targets 200M as Ethereum Merge Nears

8/ The investment giant @KKR_Co which had 471B in assets under management at the end of 2021, made its Health Care Strategic Growth Fund available on the @avalancheavax blockchain.

KKR experiments with listing private equity investments on Avalanche: WSJKKR experiments with listing private equity investments on Avalanche: WSJ

9/ @MakerDAO doubled the debt ceiling of its stETH vault to reduce its reliance on USDC. And as the vault has 0% stability fee, users can mint DAI for free on the platform.

MakerDAO Users Can Now Mint DAI For FreeMakerDAO Users Can Now Mint DAI For Free

10/ @AbraGlobal is launching the first US-regulated crypto bank. All customer deposits into Abra Bank are set to be converted into stablecoins that accrue interest similarly to traditional banks.

Abra Launching First US Regulated Crypto Bank - BlockworksAbra Launching First US Regulated Crypto Bank - Blockworks

11/ @linuxfoundation announced its intention to launch the OpenWallet Foundation to develop a secure open-source engine that anybody can use to build an interoperable digital wallet.

Linux Foundation's Announces Open-Source Digital Wallet Initiative, May Include Crypto - DecryptLinux Foundation's Announces Open-Source Digital Wallet Initiative, May Include Crypto - Decrypt

12/ @rarible formed a partnership with @Immutable to allow users to buy and sell NFTs from @GodsUnchained @GuildOfGuardian @illuviumio and other popular Immutable blockchain-based games on its marketplace.

NFT marketplace Rarible partners with ImmutableNFT marketplace Rarible partners with Immutable

13/ @EthereumPoW">@EthereumPoW said that the fork would take place within 24h after the Merge. It will be revealed 1 hour before the launch "with a countdown timer and everything."

Here's When the Ethereum Proof-of-Work Fork Will Take PlaceHere's When the Ethereum Proof-of-Work Fork Will Take Place

14/ Other news:

@Opera_Crypto supports @Metamask and other web3 wallets:

@FTX_Official stutters as crypto markets tank over CPI numbers:

@Ethereum is grappling with the risk of censorship after The Merge:

Opera Crypto Browser Rolls out Support For Metamask And Other Web3 Wallets - Ethereum World NewsOpera Crypto Browser Rolls out Support For Metamask And Other Web3 Wallets - Ethereum World News
FTX Stutters as Crypto Markets Tank Over CPI NumbersFTX Stutters as Crypto Markets Tank Over CPI Numbers
Ethereum is grappling with the risk of censorship after The MergeEthereum is grappling with the risk of censorship after The Merge

15/ @HuobiGlobal to delist 7 privacy coins, citing ‘latest financial regulations’:

Canadian Prime Minister attacks opposition for recommending Bitcoin as inflation hedge:

@myePayments to close the business:

Crypto Exchange Huobi to Delist 7 Privacy Coins, Citing ‘Latest Financial Regulations’ - DecryptCrypto Exchange Huobi to Delist 7 Privacy Coins, Citing ‘Latest Financial Regulations’ - Decrypt
Canadian Prime Minister Justin Trudeau Attacks Opposition for Recommending Bitcoin as Inflation HedgeCanadian Prime Minister Justin Trudeau Attacks Opposition for Recommending Bitcoin as Inflation Hedge
ePayments has decided to close the businessePayments has decided to close the business

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