- BTC has maintained a closer price range ahead of US inflation data.
- TETHER began to finish the USDT in Bitcoin and Lightning Network, and Kraken restarted the steaking service to us.
Bitcoin (BTC) strictly integrates the $ 100k-$ 105K price range after the FOMC update. As expected, the Fed said that the interest rate did not change and the inflation has risen slightly.
Source: Coinmarketcap
In the prestime, King Coin was estimated to be $ 104K a few hours before the US PCE (Personal Consumption) price index report.
This data will draw a more complete picture of the US inflation status and has a direct impact on the expectation of interest rates and the market.
The cooler inflation report can be lifted up the market, but hot data can be tank to BTC on weekends. sugar LiquidationThe main levels to watch were $ 97.5K, $ 108K and $ 110K.
Tether, Kraken resumes Staying in Bitcoin.
In other developments, Tether announced plans to launch USDT Minting in Bitcoin’s basic layer and layer 2 Lightning Network.
Stablecoin publishers mentioned that the update is driven by the new protocol of the Bitcoin network, Taproot Assets. This protocol enhances the function by allowing tokenized assets such as USDT.
Tether’s CEO, Paolo Ardoino, responded to the update
“By enabling USDT on the Lightning Network, we are creating a practical solution for other financial applications that not only strengthen the decentralization and security principles of Bitcoin, but also require remittances, payments and speed and reliability.”
Another positive update for US users is Kraken’s encryption staying after two years of confusion. The SEC forced the exchange to terminate the service.
But on January 30, Kraken unveiled a new on -chain staying service. Customers can stain a part of the token for a certain period of time based on the blockchain and get a compensation negative fee.
This service is provided in 39 states in the United States and includes Ethereum (ETH), Solana (SOL), Polkadot (DOT), Cardano (ADA) and the like.
Kraken’s consumer, Mark Greenberg, called for “positive” to the American encryption space.
“The launch of this new staying product in the United States is an overwhelming and positive development for the entire US encryption space as well as Kraken.”
Bitwise gets a Sec Nod
Finally, Bitwise HCO Combined BTC and ETH ETF applications. The regulatory authorities have approved the 194-B submission (change of rules), and now they are waiting for the signing off in the S-1 form (registrant statement) before being listed on public transactions.
Opinion on the update, Bloomberg ETF analyst, James Seypart, The recent movement of the S-1 mentioned that the product can start trading soon by signaling the product, including a similar application for HashDex and Franklin Templeton.
Seypart Sayed,,,
“Yesterday and today there was a movement with Hashdex. Updates have been submitted for S-1 and 19B-4. This indicates that these products are likely to be listed in the near future. ”