US Inflation Data Released Below Expectations
US Inflation Data was announced as 3.2% and 4.7%, below the expectations of 3.3% for headline inflation and 4.8% for core inflation. On a sectoral basis, it is seen that shelter is the most influential item in the increase in inflation, while shelter and food index is also one of the important items with an increase of 0.2. In response, airlines, 2. We observe that the items for vehicles, health and communication have decreased on a monthly basis.
Circle Holds $1 Billion in Cash Reserves
According to information shared by Bloomberg, USDC producer and issuer Circle holds $1 billion in cash reserves. Company CEO Jeremy Allaire said in a statement that Circle has $1 billion in cash reserves to weather declining market share and new competition from other stablecoins. As it is known, USDC saw a significant decline in its market share due to the fact that one of the bankrupt banks kept reserves, and has lost nearly 40% of its value since March.
Argentina Investigates Worldcoin
Worldcoin, which was previously banned in Kenya, will also be investigated in Argentina. In the statement made, it was stated that the processes and practices related to the collection, storage and use of personal data will be analyzed.
Bittrex Settles with SEC
Bittrex, which the SEC sued in April for providing exchange services without registration and license, reached a $ 24 million settlement with the SEC after the litigation processes. As far as court documents show, the exchange neither admits nor denies the allegations.
Universal Music and Google Collaborate Against Artificial Intelligence Counterfeiting
With their agreement, the two giant companies are working on a tool to legally make the practice of making artists sing using their similarities, which is very popular on social media, achieved through the use of AI technology.
BITCOIN(BTC)
Bitcoin is priced at $ 29,455 with a 0.22% loss in value as of today morning hours. We see that the expected rise in Bitcoin with the inflation data did not fully materialize and Bitcoin continued its movement between 29,400-29,600. In Bitcoin, where volatility has bottomed out, we have seen that the number of positions in profit has also fallen and even yesterday’s positive data did not affect pricing. We can say that the image in Bitcoin, which turned positive at the beginning of the week, turned negative again, especially with the SEC’s objection.
ETHEREUM(ETH)
ETH, which lost 0.16% as of morning hours, is priced at $ 1849. After testing the support zone of the hourly descending movement in Ethereum, we see that the price has risen slightly and returned to the 1850 region. For upward movement in Ethereum, this descending triangle pattern must be broken and the price must return to the 1880 regions. We can say that the decline in the general risk appetite seen in crypto assets and the declining volumes with the summer months have also had an intense impact on Ethereum pricing.
