The U.S. Consumer Price Index (CPI) rose by 2.7% year-over-year in November, in line with market consensus. Core inflation reached 0.3% year-over-year. In October, the CPI stood at 2.6%.
The data indicates potential room for the Federal Reserve to continue interest rate cuts while maintaining proximity to its inflation target. However, the upward trend observed since September (2.4%) remains a cause for concern.
Source: tradingeconomics.com
Microsoft's board has decided to reject the proposal to include Bitcoin in the company's corporate balance sheet. The decision stands in contrast to the success of MicroStrategy's strategy in this area.
Source: bloomberg.com
The New York Department of Financial Services (NYDFS) has approved Ripple’s issuance of the RLUSD stablecoin. The token will be backed 1:1 by U.S. dollar reserves and short-term U.S. Treasury bonds. Ripple positions the product as a competitor to Tether.
Source: X
MicroStrategy has acquired additional Bitcoin worth USD 2.13 billion. The company now holds a total of 423,650 BTC, purchased for an aggregate amount of USD 25.6 billion at an average price of USD 60,324 per unit.
Source: X
Cryptocurrencies are volatile and carry risk. Invest responsibly.
