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Summary of blockchain project fundraising for the week of Oct. 30 to Nov. 3. Highlights included a $12M raise for Ekubo Protocol and $6.3M for the AI-based blockchain project Modulus. Source
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Staking yields have dropped to 3.5% from above 5% in the last few months, the report said. Original Source
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This latest news on inflation comes one day ahead of the results of the U.S. Federal Reserve's monetary policy meeting. Prior to this morning's numbers, market participants had priced in about a 76% chance the Fed will end up pausing what's become an historic string of rate hikes dating back
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The bitcoin price (BTC) rose to a nine-month high of $25,484 in the minutes following the report and then extended those gains. Source
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The current pace of capital flows is less than one-third of 2021 levels. Original Source
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"We're really looking at the multiplier effect, so mixers, tumblers and money laundering are important because they have a multiplier effect, they facilitate all sorts of criminal activities, different sorts," she said. "By making sure that we are addressing ... that activity, [we will] hopefully lessen the impact of crypto
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The report is one of the last major economic data points that the Federal Reserve will see before its September monetary-policy meeting. Source
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"The Fed will be cheered by the news, especially the fact that core inflation was also lower than expected," said Richard Carter, head of fixed-interest research at Quilter Cheviot, a U.K.-based investment management firm. "They will still need to hike rates at their next meeting in September, but this reduces
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The monthly inflation readings have gained prominence this year, because they influence Fed policy and the demand for the dollar, often a countervailing factor in the price of bitcoin. The dollar index, which tracks the greenback’s value against major currencies, has rallied by 11% this year, as the Fed embarked
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