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Bitcoin jumps to $113k as US producer prices shock with surprise August drop
US producer prices fell in August, reinforcing a weaker inflation outlook just a day after major revisions showed US employment levels overstated by nearly one million jobs. The Bureau of Labor Statistics reported that the Producer Price Index declined 0.1 percent on the month, below forecasts for a 0.4 percent increase. Core PPI also fell…
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New iPhone 17 nearly 50% cheaper in Bitcoin and Ethereum after price surge
Apple’s latest flagship, the iPhone 17, has become nearly 50% cheaper when priced in Bitcoin or Ethereum compared to last year’s model, according to a new report from CoinGecko. CoinGecko data shows the iPhone 17 now costs just 0.0072 BTC, compared with 0.014 BTC for the iPhone 16. Apple’s iPhone Price in Bitcoin (Source: CoinGecko)…
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Ethena enters USDH race supported by BlackRock BUIDL, Anchorage, Securitize
Ethena Labs submitted a proposal on Sept. 9 to become the issuer of Hyperliquid’s native stablecoin USDH, joining an increasingly competitive race. The bid consists of backing USDH entirely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the support of Anchorage Digital. Ethena is committed to returning 95% of net revenue generated from…
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Ethena Joins Race for Hyperliquid’s Stablecoin With BlackRock-Backed Proposal for a more techy and short
Decentralized finance protocol Ethena (ENA) submitted Tuesday a proposal to issue Hyperliquid’s upcoming stablecoin, joining a bidding race that has already attracted a slew of companies like Paxos, Sky, Frax and Agora.The token would be fully backed by Ethena’s USDtb, a stablecoin issued with federally chartered bank Anchorage Digital and fully backed by BUIDL, the…