The U.S. Consumer Price Index (CPI) has come in below expectations, signaling potential shifts in economic policy. Meanwhile, the Bank of Japan has raised interest rates to a 30-year high, marking a significant monetary policy adjustment. In the U.S., the Senate has confirmed new chairs for the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC), indicating a refreshed regulatory approach.
In the UK, plans are underway to bring cryptocurrency under the Financial Conduct Authority's oversight by 2027, aiming to enhance regulatory clarity. Bhutan has allocated 10,000 Bitcoin for the development of its Green Mining Center, highlighting its commitment to sustainable crypto initiatives. Additionally, a strategic purchase of 10,645 Bitcoin has been made, reflecting continued institutional interest. Bitwise has forecasted that Bitcoin may break its traditional four-year cycle, suggesting potential market shifts.
U.S. CPI Falls Short, BOJ Hikes Rates; Bhutan Allocates 10,000 BTC
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