Bitcoin Is Currently Neither ‘Bullish’ or ‘Bearish,’ Traders Say
Major tokens seemed to stabilize on Friday morning following a week-long price drop.Source
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.Source
Coinbase Sounds Alarm on IRS Crypto Tax Proposal
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.Source
Ethereum Has Nearly Cleared Out Validator Queue, a Sign of Weak Staking Demand
The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.Source
Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs
The new Ethereum layer-2 network’s debut adds to the competition among rival providers of so-called “zkEVMs,” including Polygon and Matter Labs.Source
Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections.Source
Trezor Unveils New Hardware Wallets, Corrosion-Resistant ‘Keep Metal’ for Recovery
Trezor has produced a hardware wallet with a stripped-back design to appeal to less experienced crypto users, alongside two other new products.Source
SBF Trial: Defense Counsel’s Cross-Examination of Star Prosecution Witness Meandered
Mark Cohen bumbled at times, asking Caroline Ellison to repeat much of the same information she told prosecutors in testimony the day before.Source
UK FCA Working on Blue Print for Fund Tokenization Due This Year
The U.K. financial regulator said earlier in the year it was speaking to firms and trade groups in relation to proposals on fund tokenization.Source
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
The latest read on U.S. inflationSource