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Bitcoin Price Awaits Higher Volatility Ahead of FOMC

BTC saw a quick recovery after dipping under 19,000 following the PPI release, which came out higher than expected at 0.4.

But the market is expecting higher volatility during the FOMC meeting later and CPI data tomorrow.

In @COIN360com Daily Digest:

2/ BTC is wavering in a narrow range between 19,000 - 19,200 with an approx. 0.4% drop in the past 24h as investors have been waiting for the FOMC notes at 2 PM EST.

DXY didn't change much from its 113 level while JPY risked facing new multidecade records.

3/ ETH has been changing hands under 1,300 for most of the day, now posting a less than 0.2% decline in the past 24h.

Top gainers: HT CVX HBAR Top losers: USTC KLAY ICP

More details in our heatmap:

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ @solana TVL plunged by 25% in the past 24h due to @mangomarkets 116M exploit caused by an oracle manipulation.

The attacker used the hacked MNGO to vote on a proposal that would give them a 70M bounty reward w/ no criminal investigation pursuits.

Mango Markets attacker puts forward proposal that would pay them 70 million bountyMango Markets attacker puts forward proposal that would pay them 70 million bounty

5/ @jpmorgan & @Visa are teaming up to streamline the use of their private blockchain solutions Liink and B2B Connect to facilitate cross-border payments.

SWIFT action: JPMorgan and Visa team up on cross-border blockchain paymentsSWIFT action: JPMorgan and Visa team up on cross-border blockchain payments

6/ @Grayscale has filed its opening brief against the SEC to challenge its decision denying Grayscale’s application to convert the GBTC to a spot Bitcoin ETF.

Grayscale files brief in SEC lawsuit over spot Bitcoin ETF rejectionGrayscale files brief in SEC lawsuit over spot Bitcoin ETF rejection

7/ @Bitwage partnered with @ForUsAll401k to offer Bitcoin and cryptocurrency 401(k) retirement plans.

Users will be able to access all of the features available through both companies on one platform.

Bitwage, ForUsAll Partner To Launch Bitcoin, Crypto 401(k) PlansBitwage, ForUsAll Partner To Launch Bitcoin, Crypto 401(k) Plans

8/ The Commonwealth of Dominica is launching the Dominica Coin (DMC) in partnership with @TRONDAO after the nation passed the Virtual Asset Business Act in its Parliament earlier in 2022.

Dominica Selects TRON as its National Blockchain to Issue the Country's Official CoinDominica Selects TRON as its National Blockchain to Issue the Country's Official Coin

9/ Indian Police in Firozabad has developed a web portal for reporting crimes using the @0xPolygon modular blockchain.

With the portal, users will be able to register complaints in an immutable and transparent manner.

Polygon powers new Indian police complaints portalPolygon powers new Indian police complaints portal

10/ The Middle East now offers a new opportunity for direct investment in Bitcoin through the @21Shares Bitcoin ETP.

The new Bitcoin ETP has started trading on the international financial exchange @Nasdaq Dubai under the ticker ABTC.

21Shares Brings First Spot Bitcoin ETP to Middle East - Blockworks21Shares Brings First Spot Bitcoin ETP to Middle East - Blockworks

11/ @OffchainLabs has acquired the @Ethereum software company @prylabs the team behind the computer software Prysm that 43% of Ethereum nodes use to run the network on PoS.

Offchain Labs insists that Prysm will go on to be a "neutral Ethereum client."

Arbitrum Builder Offchain Labs Buys Prysmatic Labs, a Core Team Behind Ethereum’s MergeArbitrum Builder Offchain Labs Buys Prysmatic Labs, a Core Team Behind Ethereum’s Merge

12/ @_n_x_y_z_

a provider of data infrastructure for blockchains, raised a 40M Series A round led by crypto-focused investment firm @Paradigm with additional backing from @Coinbase @sequoia and @GreylockVC

Former Google ads boss launches ‘Web3’ search startup with backing from Coinbase, top VCsFormer Google ads boss launches ‘Web3’ search startup with backing from Coinbase, top VCs

13/ @zerion_io announced the closing of a 12.3M Series B funding round led by @wintermute_t Ventures, with participation from @placeholdervc @Mosaic_VC @polymorphiccap @coinbase @AlchemyPlatform @YuntCapital @CyberConnectH

Wintermute Ventures leads Zerion's 12 million raise to shake-up crypto walletsWintermute Ventures leads Zerion's 12 million raise to shake-up crypto wallets

14/ Other news:

@Microsoft and @Meta partnership brings Office 365 apps to the Metaverse:

@cryptocom to invest €150M in France:

@Betterment launches cryptocurrency offering:

Microsoft and Meta partnership brings Office 365 apps to the MetaverseMicrosoft and Meta partnership brings Office 365 apps to the Metaverse
Crypto.com to invest €150M in FranceCrypto.com to invest €150M in France
Robo-Adviser Betterment Launches Cryptocurrency OfferingRobo-Adviser Betterment Launches Cryptocurrency Offering

15/ “High risk” crypto activity surges in Eastern Europe amid Russia-Ukraine war: @Chainalysis

Rio de Janeiro to allow citizens to pay property taxes in crypto from 2023:

'High Risk' Crypto Activity Surges in Eastern Europe Amid Russia-Ukraine War: Chainalysis'High Risk' Crypto Activity Surges in Eastern Europe Amid Russia-Ukraine War: Chainalysis
Rio de Janeiro to Allow Citizens to Pay Property Taxes in Crypto from 2023Rio de Janeiro to Allow Citizens to Pay Property Taxes in Crypto from 2023

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17/ That's a wrap!

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