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Crypto
U.S. inflation above 4 percent adds downside pressure on bitcoin and gold
U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.
Crypto
U.S. consumer inflation jumps most in three years; bitcoin and ether hold up amid market jitters
U.S. May consumer prices posted the biggest annual rise in three years, stoking concerns the Federal Reserve could keep policy tight for longer. The CPI rose 4.2 percent from a year earlier and 0.5 percent from April, in line with expectations. Despite the data, cryptocurrencies pared losses and rebounded, with bitcoin edging up over 24 hours and ether and solana also rising. Analysts cited energy prices and geopolitical tensions as drivers.
Crypto
Bank of Japan rate decision nears; will bitcoin repeat 22 percent correction nightmare?
With the Bank of Japan set to decide policy on June 16, concern is rising that bitcoin could face another sharp correction. Cointelegraph reported that bitcoin fell about 18 to 28 percent after each BOJ rate hike since 2024, averaging 22.4 percent. Analysts say a repeat is uncertain because market conditions differed each time. Attention is shifting to on-chain signals such as increased whale inflows to Binance and more than $2.5 billion in realized losses.
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Games & Commerce
South Korea to raise domestic postage rates by up to 17.5 percent from July
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Finance
Won-dollar rate surges to 1,560, raising market jitters
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Crypto
Bitcoin nears drop below $60,000 on U.S. jobs shock renewing rate hike fears
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Finance
Credit loans post biggest rise in about five years as rate hikes add to borrowers\' burden
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Finance
Mitos puts financial security to the test as network separation easing begins
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Games & Commerce
Handheld game consoles seen shifting from affordable alternatives as prices rise
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Finance
Bank of Korea Governor Shin says case for rate hike clear, tightening at right time
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Games & Commerce
Valve raises Steam Deck OLED prices by up to $300 amid memory supply shock
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AI & Enterprise
Ontology emerges as core AI technology, not DB or LLM
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Crypto
KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads
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Finance
S&P 500 hits record intraday high; Nasdaq also tops as memory chip shares surge
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Finance
Hawkish signals in focus ahead of Shin Hyun-sung\'s first BOK rate meeting
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Crypto
Ethereum warning signs mount as ETF flows slow and long bias grows
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Crypto
Bitcoin optimism holds despite slide as 3 bullish signals draw attention
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Finance
Why the KOSPI swung after breaking 8,000 intraday for first time