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View More NewsIn brief U.S. consumer prices fell 0.4% in June, denting rate hike expectations and marking the largest monthly decline since April 2020. Bitcoin and Ethereum trended higher, keeping one analyst’s $100,000 quarter-end price target within reach. Despite the positive inflation report, escalating conflict between the U.S. and Iran over the Strait of Hormuz continues to shadow the market. Bitcoin ticked above $64,000 Tuesday morning, after a widely watched inflation gauge showed consumer prices cooling more than expected in June—bolstering expectations that the Federal Reserve will leave interest rates untouched at the conclusion of its next policy meeting.The Consumer Price Index…
The term “paradigm shift” is often applied casually to what may simply be rapid rotations between fashionable assets, the latest example being the AI-driven semiconductor boom. Hyperscalers such as Amazon (AMZ) and Google (GOOG) are spending heavily on data centres containing thousands of AI accelerators. These systems require enormous quantities of high-bandwidth memory for processing and NAND flash for storage, tightening supply and lifting chip prices. Micron Technology (MU) produces DRAM, NAND and other memory products, while Sandisk (SNDK) specialises in NAND flash and solid-state storage. Micron rose roughly 700% year over year, and Sandisk gained more than 4,000%. Both…
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Nearly every war Israel has fought has been reactive and mostly unplanned. It had to fend off armed attack from other states in 1948, 1973, and 1991. It was dragged into conflict initiated by non-state guerrilla actors in 2006 and 2023. It has been engaged in counterinsurgency or counterterrorism of one kind or another too many times to count. Even when its forces did fire the first shot, it was nearly always in wars that Israel did not seek and did not adequately plan for, most notably in 1967. At other times, Israel took advantage of opportunities to degrade and…
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Interpol operation exposes $122M crypto wallet tied to romance scam launderingA crypto wallet linked to a suspected romance-scam money launderer processed more than $122.5…
In brief The Bank of Thailand is using data analytics to scan for abnormally high-volume trades in stablecoins, especially Tether’s USDT, as part of…
BitMine Immersion (BMNR) added to its Ethereum treasury last week, bringing its total holdings to 5.77 million ether (ETH), or about 4.8% of Ethereum’s…
In brief Senate Democrats are ramping up opposition to the Clarity Act, demanding ethics rules barring President Trump and his family from profiting off…
This is part of 1776 All-Stars, a series about Reason’s favorite American Founders. Read more here. Joanna Andreasson When Benjamin Franklin was 17 years…
MoneyGram announced Tuesday it had launched its own U.S. dollar-backed stablecoin on the Stellar (XLM) blockchain, joining a growing wave of global payments companies…
Bitcoin (BTC) traded below $70,000 for the first time in two months on Tuesday as sellers stayed in control.Key points:Bitcoin drops under $70,000 to…
An excerpt from the long opinion Thursday in People v. White, decided by California Court of Appeal Justice David Rubin, joined by Justices Terry…
Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin BTC$69,985.18 worth roughly $739 million to a new wallet at 04:47 UTC on Tuesday, marking the…
Bitcoin fell to its lowest level in almost two months on Tuesday as cryptocurrencies continue to diverge from traditional equity markets.Bitcoin (BTC) fell to…
Police Chief Earl Mayo of New Chicago, Indiana, is facing criminal charges after investigators say he sold a handgun to a pawn shop that…
After 100 days in office, Prime Minister Tarique Rahman must start living up to his election manifesto pledge of protecting press freedom by breaking…