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Cooler-than-expected June CPI inflation bolsters crypto and equity markets
Cooler-than-expected June CPI inflation bolsters crypto and equity markets

Bitcoin and the wider cryptocurrency market posted an uptick, rising alongside stocks following cooler U.S. inflation data for June.

The Block·2024/07/11 13:49
Bitcoin Explodes Toward $60K as June CPI Numbers Favorable
Bitcoin Explodes Toward $60K as June CPI Numbers Favorable

Bitcoin’s price has reacted positively on data which indicates that inflation in the US is slowing down.

Cryptopotato·2024/07/11 13:19
Is the market ready for an ETH season in place of a full altcoin season?
Is the market ready for an ETH season in place of a full altcoin season?

Share link:In this post: ETH is showing signs of breaking out, but sentiment is mixed. The launch of a live ETF may trigger a price rally. In 2024, an ETH season may precede an altcoin rally, due to more liquidity, predictability, and lack of token unlocks for the Ethereum network.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultat

Cryptopolitan·2024/07/11 12:01
Elwood Technologies’ Large ETH Transfers Raise Questions Amid Acquisition Talks
Elwood Technologies’ Large ETH Transfers Raise Questions Amid Acquisition Talks

Global fintech and crypto infrastructure provider Elwood Technologies has been moving Ethereum to and from centralized exchanges, sparking speculation in the crypto community.

Cryptopotato·2024/07/11 11:34
Flash
08:58
Onshore RMB Against USD Officially Closes at 6.7763
On June 22, the onshore RMB against the USD officially closed at 6.7763 at 16:30 (UTC+8), a decrease of 140 points from the previous trading day's official closing price and a drop of 35 points from the previous night's closing.
08:52
As Micron's earnings report approaches, a certain on-chain whale opens a $10.5 million long position with 10x leverage
BlockBeats news, on June 22, according to Hyperinsight monitoring, as of press time, the 24-hour trading volume of MU on Hyperliquid is about $62.43 million, with a 12-hour increase of approximately 2.13%. On the news side, the storage sector is strengthening, Micron announced its earnings this week, and Citi raised its target price to $1,200. A whale address 0x3200 on Hyperliquid opened a new 10x leveraged long position in MU today, with a position value of approximately $10.57 million and an average entry price of 1169.1. Meanwhile, large MU positions remain predominantly short, with short positions around $72.84 million and longs at about $40.01 million, making shorts about 1.82 times larger than longs. Address: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407
08:52
US Stock Movement: Ferrari drops over 3% pre-market amid rumors of pressure to order its all-electric model Luce
Gelonghui June 22 — Luxury car manufacturer Ferrari (RACE.US) dropped more than 3% pre-market. According to reports, one month after the launch of Ferrari's first fully electric model, Luce, controversies and rumors surrounding it are still unresolved. Bloomberg recently reported that some dealers pressured customers to order the Luce, warning that failure to do so might result in the loss of core customer status or affect the chances of buying rare limited edition Ferrari models in the future. Although Ferrari has officially denied this and emphasized that existing customers are not forced to purchase, the rumor has, to some extent, intensified market concerns that the model might be "popular in name but not in sales."
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