Crypto, Fed, and Payments in Flux | Bitcoin and Crypto News
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Crypto, Fed, and Payments in Flux | Bitcoin and Crypto News
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Bitcoin surged briefly on softer-than-expected inflation data but retreated as the Fed signaled no imminent rate cuts, revealing markets are becoming more discerning. With oil prices rising and global events fueling inflation concerns, investors await key data like PCE and producer prices to gauge whether inflation can stay on a cooling path. Meanwhile, Stripe and a PE firm are reportedly eyeing a massive PayPal buyout, the U.K. prepares to launch a digital government bond, and Visa, Mastercard, and others are backing a new AI payments standard. In crypto, new perpetual futures on pre-IPO shares of a Chinese chipmaker are launching — adding fresh volatility to trading platforms.
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