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Bitcoin climbs above $65K as weak PPI rattles Fed hawks

Bitcoin has climbed above $65,000 after softer-than-expected U.S. producer inflation reduced expectations of a Federal Reserve rate hike later this month. Summary Bitcoin climbed above $65,000 after weaker-than-expected U.S. PPI data boosted risk appetite. Cooling inflation reduced expectations of a July Fed rate hike in both traditional and crypto markets. Ethereum topped $1,900 as the…

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SBI taps Solana for world’s first tokenized Japan equity fund

SBI Global Asset Management has launched the world’s first tokenized Japanese equity fund on the Solana blockchain through a partnership with DigiFT, bringing a high-dividend equity strategy on-chain for institutional and accredited investors. Summary SBI and DigiFT have launched the world’s first tokenized Japanese equity fund on Solana. The JX token offers accredited and institutional…

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Will Ethereum price reclaim $2,000 next as CPI relief sparks breakout above $1,850?

Ethereum price has reclaimed the $1,850 resistance after softer-than-expected U.S. inflation data triggered a sharp short squeeze, putting the $2,000 level back into focus for traders. Summary Ethereum price broke above $1,850 after softer U.S. CPI data sparked a broad crypto rally. Technical charts and liquidation clusters suggest $2,000 is the next major price target….

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Former Ethereum Foundation team launches EthSystems for institutional Ethereum

Ethereum-backed EthSystems has launched with support from Bitmine, SharpLink and Consensys CEO Joe Lubin, adding another independent organization to Ethereum’s institutional development network after the Foundation cut 54 roles. Summary EthSystems has launched with backing from Bitmine, SharpLink and Consensys CEO Joe Lubin to build confidential infrastructure for institutional Ethereum. The company was spun out…

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