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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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Hut 8 Mining and Trump's second son announced the establishment of a Bitcoin company in the United States.
[Hut 8 Mining and Trump's second son announce the establishment of an American Bitcoin company] Hut 8 Mining and Eric Trump, the second son of U.S. President Donald Trump, announced the establishment of American Bitcoin (American Bitcoin), aimed at setting new standards for Bitcoin mining. The American Data Centers, owned by Trump's eldest and second sons, will merge with American Bitcoin and hold a 20% stake. American Bitcoin is a mining business primarily owned by the publicly traded cryptocurrency mining company Hut 8. They plan to jointly create the world's largest digital currency mining enterprise and intend to establish their own "Bitcoin reserves."