Bitcoin Falls Below $95K as US Inflation Exceeds Expectations
The cryptocurrency market took a hit on Feb. 12 as Bitcoin and other digital assets slipped into the red following higher-than-anticipated US inflation data. Bitcoin (BTC) briefly dropped under $95,000 after the US Consumer Price Index (CPI) for January 2025 showed inflation at 3% year-over-year—0.1% above projections. The US Bureau of Labor Statistics reported a […]
Franklin Templeton Launches US Gov’t Fund on Solana
Franklin Templeton, a U.S.-based financial services firm managing $1.6 trillion in assets, revealed on Feb. 12 that it had introduced its OnChain US Government Money Fund (FOBXX) on the Solana blockchain. This expansion marks another milestone for FOBXX, which first launched in 2021 and is now available on multiple blockchains. FOBXX primarily invests in U.S. […]
CME Group Reports Record-High Crypto Trading Volumes in Q4
Leading US derivatives exchange CME Group announced an all-time high in cryptocurrency trading volumes during the fourth quarter of 2024, as revealed in its Feb. 12 earnings call. CME recorded an average daily trading volume of roughly $10 billion in crypto derivatives for Q4 2024, reflecting a staggering 300% surge compared to the same period […]
