The U.S. core CPI data was in line with market expectations, recording 0.3%. The crypto market rebounded slightly, with Bitcoin prices rebounding to as high as $98,843.2; ETH prices rebounded to as high as $3,745.1.

According to BlockBeats, the cryptocurrency market experienced an overall upward trend on December 11, influenced by the release of the U.S. Consumer Price Index (CPI) data, which met market expectations. BlockBeats previously reported that the U.S. CPI for November, not seasonally adjusted, showed a year-on-year increase, marking the second consecutive month of growth. The CPI rose to 2.7%, aligning with market forecasts and reaching a four-month high. This data release has contributed to the positive momentum observed in the crypto market.

Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points.

According to PANews, Alabama State Auditor Andrew Sorrell has proposed the establishment of a Strategic Bitcoin Reserve (SBR) to diversify the state's investment portfolio, enhance its inflation resistance, and strengthen its financial position. Sorrell argues that the long-term success of Bitcoin and other cryptocurrencies is inevitable, highlighting their potential for significant appreciation as a rapidly growing asset class valued at $3 trillion. Sorrell suggests building the reserve through a dollar-cost averaging strategy over two years to mitigate the risks associated with Bitcoin's price volatility. He also references the model of the 'U.S. Strategic Bitcoin Reserve' proposed during the Trump administration, noting that the United States currently holds 207,189 Bitcoins, valued at approximately $20 billion, with plans to further expand its reserves. The proposal for the SBR has garnered attention at both state and federal levels, with Florida and Pennsylvania also advancing similar initiatives. Sorrell believes that this move could help state governments address the risk of the U.S. dollar potentially losing its status as the global reserve currency. Additionally, it could serve as collateral for future debt issuance, thereby strengthening the state's balance sheet. He emphasizes that the Bitcoin reserve should be aimed at long-term holding rather than short-term profit, projecting that Bitcoin could reach a price of $1 million per coin in the future.

According to Odaily, the US Dollar Index (DXY) experienced a short-term fluctuation of 20 points following the release of the Consumer Price Index (CPI). The index was reported at 106.49. This movement highlights the sensitivity of the currency market to economic indicators such as the CPI, which is a key measure of inflation. The CPI data often influences market expectations regarding future monetary policy decisions by the Federal Reserve, impacting the strength of the dollar. The fluctuation in the DXY underscores the ongoing volatility in the currency markets, as traders and investors react to economic data releases. The CPI is closely watched as it provides insights into inflationary pressures within the economy, which can affect interest rates and, consequently, the value of the US dollar. As the market digests this information, the DXY's movement reflects the broader economic sentiment and potential shifts in monetary policy.

U.S. inflation rose to 2.7% in November, in line with economists' expectations and up from 2.6% in October. The data highlighted concerns about sticky inflation after a rise in October. The Federal Reserve is widely expected to cut interest rates by a third consecutive quarter point next week, but the pace of rate cuts next year is less certain as the Fed struggles to achieve its dual mandate of keeping inflation near 2% and maintaining a healthy labor market. Officials have discussed slowing the pace of rate cuts as interest rates reach a more "neutral" level, high enough to curb inflation but low enough to protect the labor market. They said that if they act too quickly, inflation could stay above the 2% target, but acting too slowly could cause unemployment to rise sharply. (Jinshi)

The annual U.S. Consumer Price Index (CPI) rose to 2.7% in November, marking its second consecutive monthly increase and reaching a four-month high, according to Jinshi Data. The rebound aligns with market expectations and reflects ongoing inflationary pressures in the economy.The increase in the unadjusted CPI suggests that certain sectors are still grappling with higher costs despite previous efforts to curb inflation. Analysts are closely monitoring these trends as they may influence the Federal Reserve's upcoming monetary policy decisions.

The annual U.S. Consumer Price Index (CPI) rose to 2.7% in November, marking its second consecutive monthly increase and reaching a four-month high, according to Jinshi Data. The rebound aligns with market expectations and reflects ongoing inflationary pressures in the economy.The increase in the unadjusted CPI suggests that certain sectors are still grappling with higher costs despite... source: https://www.binance.com/en/square/post/17424919462185?utm_source=BinanceNewsRSS

The post FTX Token To Hit New 52-week High With A 20% Rally? appeared first on Coinpedia Fintech News The altcoin market has displayed a significant uptrend this week. Following this, the FTX price experienced a jump of ~10% in 24 hours with a trading volume of $86.913 million. With a strong bullish breakout, will the FTT crypto price record a new 52-week this month? In this article, we have... source: https://coinpedia.org/price-analysis/ftx-token-to-hit-new-52-week-high-with-a-20-rally/

Tracking Nvidia's holdings in concept stocks has important reference value. Investors can continue to pay attention to Nvidia's increase in holdings in related concept stocks, the progress of AI commercialization, revenue growth and gross profit margin changes, new product/service releases, changes in the industry's competitive landscape, etc.

Sentiment from the head of a Wall Street giant signals good news for the cryptocurrency economy. Goldman Sachs CEO David Solomon has said that the investment banking major would evaluate trading cryptocurrencies should US regulations permit the bank to do so. “At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal,” he said at a... source: https://www.newsbtc.com/news/goldman-sachs-considering-bitcoin-is-exactly-how-best-wallet-is-slated-to-reach-4-4bn-of-the-non-custodial-market/

After the release of the US core CPI data, traders increased their bets on the Federal Reserve's December rate cut. (Jinshi)

Optimism once again teamed up with Uniswap to launch the ERC-7802 cross-chain asset standard, bringing new prospects for improving the efficiency of cross-chain transactions.

Xan’s support and development of the Bitcoin ecosystem lags behind many other exchanges, so this incident has limited impact on Inscription.

However, with the rapid development of AI technology, the threshold for generating false content has been greatly lowered, which further brings more potential risks.

Instead of having separate pools for each stablecoin, Perena will create one large stablecoin pool to make trading between them easier and cheaper.

This article will give you a quick introduction to ZK, verifiability, and privacy projects on Solana.

The United States Commodity Futures Trading Commission (CFTC) Files Lawsuit Against Pastor Over Alleged $6M Crypto Ponzi Scheme.

AI-powered search tools like Perplexity are gaining popularity for their ability to provide quick, precise answers, reducing reliance on traditional search engines. However, concerns about accuracy and trust remain, as users must carefully verify AI-generated content.

Magic Eden, ME finally issued its token, but NFT is really out of fashion. Golden Finance, Magic Eden finally issued its token, and it was first launched on Binance.