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Crypto News Today – June 13, 2024
Welcome to “Crypto News Today,” your daily roundup of the most significant happenings in the cryptocurrency industry.
US Consumer Price Index Remains Stable in May, Bitcoin Rises
The US consumer price index (CPI) for May remained flat, defying expectations. This surprising stability positively influenced the market, with Bitcoin rising to $69.2 thousand, demonstrating its sensitivity to economic indicators and investor sentiment. Read all about it on the TDR website!
Trump supports domestic production of Bitcoin
Former President Donald Trump called for all remaining Bitcoin to be mined in the United States. This initiative aims to strengthen the United States’ position in the global cryptocurrency market and maintain economic advantages domestically, promoting national security and economic stability.
Cryptocurrencies and AI could add $20 trillion to global GDP
An analyst’s report suggests that the integration of cryptocurrency and artificial intelligence could potentially add $20 trillion to global GDP. This prediction highlights the significant economic impact these technologies could have, driving innovation and growth across all sectors.
Terraform Labs settles with SEC for $4.47 billion
Terraform Labs has reached a settlement with the SEC, agreeing to pay $4.47 billion. This resolution marks a significant development in regulatory actions within the crypto space, highlighting the continued scrutiny and legal challenges faced by cryptocurrency companies.
Bitcoin attracts more short-term investors
Recent data reveals a surge in short-term investors in Bitcoin, reflecting increased speculative activity. This trend indicates an increased interest in quick profits and the dynamic nature of Bitcoin trading, influencing its market volatility.
Protocol Village Showcases Blockchain Innovations
Protocol Village has unveiled its latest blockchain innovations, aiming to advance the technology’s applications across various industries. These developments highlight the continued evolution and potential of blockchain to revolutionize different aspects of technology and business.
Read more cryptocurrency news on the TDR website!