Plus, hotter-than-expected inflation data this week stirs uncertainty about November rate cut possibilities

Plus, an update from the ground in Salt Lake City at Permissionless III

Plus, unpacking what’s happening — or not happening — with bitcoin ETF (and other crypto) options

With the CPI having landed on the same day as last month’s FOMC meeting, there’s a lot to be learned from the meeting minutes

The Fed’s preferred inflation gauge on Friday showed that prices are increasing at the slowest rate since 2021

Analysts say the report’s impact will be short-lived since the Fed will reveal their plans before markets close

Cryptocurrencies look like they are closing out a volatile week relatively flat

Thursday’s GDP report shows economic growth is slowing faster than expected, spurring concerns from economists over stagflation

The US economy added 303,000 jobs in March, almost 100,000 more than economists had predicted

Blockworks spoke with Maxi Raimondi, chief financial officer at one of Argentina’s leading crypto exchanges

Interest rates hold steady for fifth-consecutive FOMC meeting as Fed calls for three cuts later this year

Stocks and cryptocurrencies have been on the decline since Thursday, although analysts say this week’s bad economic reads should have caused a bigger selloff

January’s core personal consumer expenditures index, which excludes volatile food and energy prices, showed a 0.4% month-over-month increase and a 2.8% increase over the year

Analysts say continued demand for spot bitcoin ETFs, optimism that a spot ether product will hit the market this year and anticipation of bitcoin’s next halving are the main tailwinds for this rally

Bitcoin came close to breaking through $52,000 Wednesday morning in New York, recovering from losses spurred by Tuesday’s hotter-than-expected inflation data

January’s consumer price index, which broadly measures goods and services across the country, rose 0.3% from December

If what Coinbase says is true — that crypto is a legitimate financial alternative — then it must kick its addiction to supply inflation

Global bank leaders say a recession is unlikely, but persistent inflation may lead to rate hikes

Crypto market sentiment is negative as bitcoin lags during a Wall Street rally

Binance has launched its on-ramp and off-ramp in Argentina, giving locals a way into digital asset markets

Goods marked a 0.4% month-over-month price increase, compared with a 0.5% monthly increase in January, which is in line with analysts’ expectations

Derivatives markets show a 40% probability of rates eventually going greater than 5.5%, another possibility traders hadn’t considered at the beginning of February

Even a slight decline in the historically high inflation Americans have experienced for roughly 18 months is a cautiously positive sign, analysts say

Trade volumes for Russian ruble and Ukrainian hryvnia pairs spiked at critical points throughout the conflict — especially when fiat was threatened

Crypto and traditional equities are posting gains as sentiment shifts towards risk-on assets ahead of the next FOMC meeting