Market Turmoil: Oil Prices, Inflation, and Bitcoin's Struggle as a Hedge

Quick Look

Surging oil prices and rising producer inflation prompt stricter US Fed policy expectations, impacting Bitcoin's hedge value as Nasdaq 100 drops 7.5%, wiping out $2.7 trillion, with Bitcoin support at $60,000 at risk.

AI-generated summary

Font size

Read the full article on Cointelegraph

Ethereum treasury company BitMine now holds 5,742,237 ETH, 4.8% of the total supply, nearing its 5% target. With $11.1 billion in assets and 85% of its ETH staked, BitMine is shifting from passive holder to active economic participant, influencing ETH demand and exposing investors to BMNR via the Russell 1000 Index.

CryptoSlate

Developing·6h ago

Strike Launches Bitcoin-Backed Loans Without Margin Calls

Strike has launched a new Bitcoin-backed loan product designed to eliminate margin calls and forced liquidations, even during significant price drops. However, it comes with a high 14% interest rate and requires timely payments to avoid liquidation.

Cointelegraph

Developing·11h ago

Tether Invests $20 Million in Brazilian Crypto Exchange Mercado Bitcoin

Tether announced a $20 million investment in Brazilian crypto exchange Mercado Bitcoin to expand blockchain-based financial services in Latin America. Mercado Bitcoin serves 4.5 million users with diverse offerings including tokenized assets and lending.

Decrypt

Developing·12h ago

Vanguard Hires Head of Digital Assets, Signaling Shift into Crypto Sector

Vanguard is hiring a head of digital assets to lead its strategy on tokenization, stablecoins, and blockchain infrastructure, marking a significant shift after years of resisting crypto investments. The move follows similar expansions by asset managers like Franklin Templeton and BlackRock into the growing tokenized asset market.

Cointelegraph

Developing·12h ago

New Hampshire to Discuss $100 Million Bitcoin-Backed Bonds

New Hampshire's Secretary of State's office announced a public hearing to discuss issuing $100 million in bonds backed by Bitcoin (BTC). The Business Finance Authority approved the bond, which aims to attract investment without risking state funds.

Cointelegraph

Developing·12h ago

BIG3 NFT Owners Sue Ice Cube's Basketball League Over Unfulfilled Promises

Owners of BIG3 NFTs are suing Ice Cube's basketball league for allegedly failing to deliver on promises of ownership stakes and benefits, as the league prepares for a SPAC deal.

Decrypt

Market Turmoil: Oil Prices, Inflation, and Bitcoin's Struggle as a Hedge

Quick Look

Related Topics

Related Stories

BitMine Nears 5% Ethereum Stake, Becoming Major Economic Participant

Strike Launches Bitcoin-Backed Loans Without Margin Calls

Tether Invests $20 Million in Brazilian Crypto Exchange Mercado Bitcoin

Vanguard Hires Head of Digital Assets, Signaling Shift into Crypto Sector

New Hampshire to Discuss $100 Million Bitcoin-Backed Bonds

BIG3 NFT Owners Sue Ice Cube's Basketball League Over Unfulfilled Promises