Inflation print comes in cooler than expected, stocks flat

Prices increased less than anticipated last month, according to the latest inflation print released Thursday. 

The consumer price index (CPI) for June showed a 3% increase year-over-year, coming in just below analysts’ expectations of a 3.1% increase, according to the US Bureau of Labor Statistics. So-called core CPI, which excludes volatile food and energy prices, showed a 3.3% annual increase.

The annual inflation rate is now the lowest since June 2023 and core CPI has cooled to its lowest annual level since April 2021. 

The print was enough to boost expectations that the Federal Reserve may opt to lower interest rates in September. Odds of a cut in the fall increased to 83%…

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We should be tokenizing assets with substance, not speculation 

Standard Chartered’s recent prediction that the tokenized RWA market could rise to $30.1 trillion by 2024 will likely fuel the crypto industry’s hankering to tokenize everything it can lay hands on. And with BlackRock spearheading the charge, there’s no chance of a slowdown any time soon.

But caution must come. If we tokenize all assets in a speculative rush, the risk of creating illiquid markets and trapped value will manifest on a large scale. The result? More volatility and less external capital flowing into Web3. 

Most RWA projects are all fighting for the same liquidity pools, which aren’t as big as perhaps first perceived. It’s red pond syndrome. The RWA industry needs…

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Matthew Kratter | Bitcoin University

Matthew Kratter, a prominent figure in the world of finance and investment education, has made significant contributions to the understanding and adoption of Bitcoin.

As the founder of Bitcoin University, Kratter has dedicated himself to demystifying Bitcoin and providing comprehensive education. This article explores Kratter’s journey, the mission of Bitcoin University, and its impact on the Bitcoin investment community.

Matthew Kratter: Background

Matthew Kratter — Source

Matthew Kratter is a seasoned investor and author with extensive experience in the financial markets.

Before founding Bitcoin University, Kratter spent over two decades working at hedge…

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LATEST: Staked Ether Nears Record High as ETF Approval Approaches

As the potential approval of an Ether exchange-traded fund (ETF) in the U.S. becomes more probable, enthusiasm in the crypto market is palpable. According to CryptoQuant, the amount of Ether staked is approaching an all-time high at 33.3 million ETH, or 27.7% of the total supply. This surge in staking helps maintain a balance in the circulating volume of Ether, despite a growth in its total supply.

Market optimism is further fueled by Polymarket traders, who are now betting a robust 90% chance that the Ether ETF will be greenlit by July 26. Such a development could significantly enhance Ether’s liquidity and market presence, potentially positioning it on par with Bitcoin in terms of trading volumes.

Moreover, innovative mechanisms like staking and burning transaction fees are effectively countering the inflationary trends seen in Ether’s supply dynamics. These strategies ensure that a substantial portion of Ether remains locked and inactive, which could strengthen its long-term value proposition as a digital asset.