🚨BREAKING : US CPI 3.1%

🔵 CPI increased by 0.1% in November.

🔵 Over the past 12 months, it rose by 3.1%.

🔵 Excluding food and energy, the index grew by 0.3% in November and 4.0% over the year.


#uscpi #CPI #Cryptocurency #CryptoNews #inflation

🔵#Bitcoin (BTC) fell below $41,000 early Wednesday.

🔵Popular altcoins, including #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE), experienced minor dips.

🔵Osmosis (OSMO) token was the top gainer, with a 16% jump in the last 24 hours.

🔵Synthetix (SNX) was the biggest loser, with a 17% loss in the last 24 hours.

🔵The global #cryptomarket cap was $1.54 trillion, with a 2.66% loss in the last 24 hours.

SEC's 2023 goals: Strengthen #crypto regulation, safeguard investors, monitor global events, focus on #stablecoins.

Divisions like IM(Investment Management), TM(Trading and Markets ), CF(Corporation Finance), ENF(Enforcement), and EXAMS play pivotal roles in achieving regulatory objectives. #cryptonews
https://coinpedia.org/news/secs-crypto-oversight-fy-2023-highlights/

TRM Labs report reveals a 50% decrease in #crypto hacking losses, amounting to $1.7 billion in 2023.

Factors include improved security measures, enhanced law enforcement actions, and greater industry coordination. #Cryptocurency
https://coinpedia.org/news/crypto-hacking-losses-plunge-by-nearly-50-in-2023-rm-labs-report/

#Bitcoin surpasses $44,000, driven by SEC ETF anticipation, marking an 18-month high and a 160% surge. #CryptoNews

Scott Galloway optimistic about ETF approval, seeing it as a user-friendly gateway for investors. but warns of speculation.
https://coinpedia.org/news/bitcoins-bull-run-etf-rumors-drive-surge-amid-market-moves/

#KuCoin settles with New York Attorney General, agrees to pay $22 million in fines and refunds.

Accused of illegal operations, KuCoin will exit the New York market, facing #regulatory scrutiny. #Crypto
https://coinpedia.org/news/kucoin-exits-new-york-market-pays-22-million-in-settlement/

#OKX DEX faces #hacking incident, with estimated losses exceeding $400,000 from unauthorized transactions.

OKX DEX promptly responds by removing the compromised proxy address, highlighting security concerns in decentralized exchanges #crypto
https://coinpedia.org/news/okx-dex-falls-victim-to-suspected-hacking-over-400000-estimated-loss/

#Crypto world awaits SEC decision on #BitcoinETFs, with #BlackRock's revised model targeting institutional participation.

BlackRock's proposed changes aim to simplify access for banks, addressing regulatory hurdles; SEC ruling expected by March.
https://coinpedia.org/news/blackrocks-bold-move-simplifying-banks-entry-into-bitcoin/

#Binance contests SEC allegations of unlawful securities offerings, challenging the application of the "Howey Test." #crypto

Binance argues recent settlements with #DOJ & #FINCEN don't imply SEC securities law violations. Ongoing legal battle continues.
https://coinpedia.org/news/binance-and-cz-counter-secs-howey-test-failure-in-legal-battle/

Su Zhu, co-founder of Three Arrows Capital faced Singapore court over the $1.3 billion fund collapse; arrested for non-cooperation.

Once a crypto hedge fund giant, Three Arrows collapsed in 2022, leaving a $3 billion debt. #cryptonews
https://coinpedia.org/news/three-arrows-capital-founder-faces-intense-court-scrutiny-over-collapse-and-missing-assets/

#CFTC Chairman reaffirms #cryptocurrencies as commodities, conflicting with SEC's perspective on #crypto tokens as securities.

SEC applies existing laws to crypto, emphasizing enforcement but faces challenges in clear categorization amid debates.
https://coinpedia.org/news/cftc-chairman-reiterates-cryptos-are-commodities-amid-sec-debacles/

#Cryptomarket awaits #FOMC meeting; stable rates expected despite predictions of 2024 rate cuts.

FOMC likely to maintain interest rates, causing a dip in global #crypto market cap and volume.
https://coinpedia.org/news/crypto-markets-await-fomc-meeting-will-interest-rates-rock-the-boat/

#Bitcoin rebounded to $43,000 after a Monday dip, fueled by #Fed signals suggesting interest rate cuts.

The Fed's dovish stance, with potential rate cuts, led to a surge in #cryptocurrencies and #stocks.
https://coinpedia.org/news/crypto-markets-surge-as-fed-hints-2024-rate-cuts/

#CFTC responds to #FTX collapse, mandates separation of customer and ( derivatives clearing organizations )DCO funds for #crypto protection.

CFTC enforces rules to prevent fund manipulation, but commissioners express varied concerns on implications.
https://coinpedia.org/news/ftx-disaster-spurs-cftcs-bold-action-major-announcement-on-crypto-regulations/

#Cryptomarket sees a volatile year with notable gains; #Bitcoin, #Solana surge, but face potential downturn.

Bullish predictions for #stablecoins and #NFTs, while Bitcoin's 2024 value projections range from $80,000 to $1 million.
https://coinpedia.org/news/top-10-crypto-predictions-for-2024-bitwise-analysis/

🔵#Bitcoin (BTC) surpassed $42,000 for the second time in the week.

🔵The surge was attributed to the US Federal Reserve's decision to maintain unchanged interest rates and a forecast of potential cuts in 2024.

🔵Popular altcoins like #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE) experienced notable gains.

🔵The BONK token emerged as the top gainer with a 26% jump in a 24-hour period.

🔵Aptos (APT) experienced the largest loss, with a 24-hour decrease of over 3%.

🔵The global #cryptomarket cap reached $1.60 trillion, with a 4.45% gain in the last 24 hours.

Russia's Ministry of Finance proposes allowing #cryptocurrency miners to export mined assets, aligning with gas export model.

Legislation outlines sales mechanisms, #tax estimates, and aims to bring miners within legal boundaries by 2024.
https://coinpedia.org/news/russias-ministry-of-finance-pioneers-legislation-for-cryptocurrency-exports/

#JPMorgan predicts Ethereum, boosted by the EIP-4844 upgrade, will outshine #Bitcoin and other #cryptocurrencies.

JPMorgan expresses caution on Bitcoin's potential, citing priced-in factors, and highlights #DeFi's struggle against traditional banking hurdles.
https://coinpedia.org/news/jpmorgans-bold-prediction-ethereum-to-outshine-bitcoin-in-upcoming-year/

#Bitcoin faced a sudden downturn, dropping to $40,000, but swiftly recovered, surpassing $43,000 by Wednesday. #Crypto

Despite initial losses, Bitcoin defied expectations with a rapid resurgence, rebounding and surpassing the $43,000 mark.
https://coinpedia.org/news/why-the-crypto-market-is-up-today-heres-the-major-catalysts-for-rally/

#Ripple's #XRP, trading below its $3.84 all-time high for over 2,165 days, faces SEC challenges.

SEC labeled XRP an "unregistered security" in 2020, impacting its price during the 2021 #crypto bull run.
https://coinpedia.org/news/top-lawyer-challenges-theory-on-ripple-lawsuit-impact-on-xrp-price/

SEC extends decision deadline to February 6, 2024, for Invesco Galaxy #EthereumETF, undergoing comprehensive evaluation.

Potential approval could attract new investors, enhance #Ethereum liquidity, and mark a regulatory shift in #cryptocurrencies.
https://coinpedia.org/news/sec-delays-decision-on-pioneering-invesco-galaxy-ethereum-etf-to-february-2024/