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Dogecoin price hits a two-month high amid speculations that Twitter’s rebrand to X would add a DOGE payment option.
Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
Bitcoin price is down today as investors expect the Federal Reserve to raise rates and crypto whales send record amounts of BTC to exchanges.
- 14:06Fed's Mouthpiece: It's Difficult for the Fed to "Adjust" Interest Rate Cut Path Before Mid-Year"Federal Reserve mouthpiece" NickTimiraos: The strong inflation data in January undermines the rationale for the Federal Reserve to further "readjust" the interest rate cut path before mid-year.
- 13:49Slow Fog: The core reason for the zkLend attack incident is that the market contract uses the safeMath libraryRegarding the incident where zkLend was attacked and over 9 million US dollars were stolen, SlowMist published an analysis on platform X stating that the core reason for this attack lies in the safeMath library used by the market contract. When performing division calculations, it uses direct division, which leads to a rounding down flaw when calculating the actual number of zTokens that need to be destroyed during withdrawal operations. Attackers may exploit this vulnerability to illegally gain profits. SlowMist reminds users to closely monitor their asset status on zkLend and temporarily stop any recharge actions related to zkLend to avoid possible losses.
- 13:48U.S. inflation unexpectedly rose in January, supporting the Federal Reserve's slow interest rate cutsThe annual inflation rate in the United States unexpectedly rose to 3% in January, economists had predicted that the inflation rate would stabilize at the level of 2.9% from December last year. This supports the Federal Reserve's rationale for slowly advancing interest rate cuts and has hit both stock markets and government bonds. The month-on-month increase in January also exceeded expectations, reaching 0.5%, higher than the expected 0.3%. After data was released, there was a significant sell-off of government bonds and stock futures. The yield on two-year US Treasury notes closely related to interest rate expectations soared to 4.37%. Futures for both S&P500 index and NASDAQ fell by more than 1%.