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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 12:54
    US Inflation Rises as Expected in June, Prompting the Fed to Remain Cautious on Rate Cuts
    Odaily Planet Daily News: The U.S. CPI rose in June, which may signal the beginning of the long-anticipated inflation increase triggered by tariffs, prompting the Federal Reserve to remain cautious about resuming interest rate cuts. According to data from the U.S. Bureau of Labor Statistics, after a modest 0.1% increase in May, the CPI rose 0.3% month-on-month in June, marking the largest increase since January. Year-on-year, it rose 2.7% following a 2.4% increase in May. The core CPI rose 0.2% month-on-month and 2.9% year-on-year, after three consecutive months of 2.8% increases. The sharp rise in goods prices may be partially offset by a moderate increase in service costs, alleviating concerns about widespread inflationary pressures. Weak demand has limited price increases in service-related categories such as airfares, hotel, and motel room rates. (Jin10)
  • 12:43
    Interest rate futures still indicate a minimal likelihood of a Fed rate cut this month
    Odaily Planet Daily reports that interest rate futures still indicate a very low probability of a Federal Reserve rate cut this month, but there is a high likelihood of a 25 basis point rate cut in September. (Jin10)
  • 12:43
    New Zealand woman accused of killing her mother after stealing her savings to invest in cryptocurrency
    Odaily Planet Daily reports that the Wellington High Court in New Zealand is hearing a matricide case involving cryptocurrency investment. The 53-year-old defendant, Julia DeLuney, is accused of murdering her 79-year-old mother, Helen Gregory, on January 24, 2024, and staging the scene as a fall. Prosecutors allege that within the year prior to the incident, DeLuney transferred at least NZD 156,000 (approximately USD 94,000) from her mother's account to a cryptocurrency platform, but only managed to recover NZD 88,000, resulting in a loss of NZD 68,000. The case is still under trial. (The Block)
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