News & Research

U.S. Federal Reserve Chair Jerome Powell said the U.S. economy is in solid shape and inflation is moving as expected when excluding tariff effects. He noted that the Fed paused rate changes in response to the scale of new tariffs and emphasized that waiting remains the prudent approach as long as the economy stays strong. Higher inflation readings are anticipated over the summer.

U.S. stock markets have opened lower today. S&P500: -0.29% NASDAQ: -0.37% Dow: -0.08%

Limitless, the largest prediction market on Base, raised $4 million in a strategic round, bringing total funding to $7 million, according to Cointelegraph. Arthur Hayes joined as an advisor via his family office, Maelstrom. The platform has seen strong demand for short-term crypto price markets and is preparing for a token generation event with a new points program and mobile-first trading experience.

Bitwise Chief Investment Officer (CIO) Matt Hougan reaffirmed the firm’s $200,000 Bitcoin price target for 2025, citing strong institutional demand, while expressing less confidence in Ethereum (ETH) and Solana (SOL) reaching new highs, according to The Block. Despite the volatility in crypto prices this year, Bitwise remains optimistic about the second half of 2025, driven by crypto legislation, growing institutional demand and stablecoin adoption.

Citigroup began coverage of Circle (CRCL) with a buy rating and a $243 price target, citing its strong potential in stablecoin adoption, according to CoinDesk. Despite recent stock gains, Citi said the valuation remains reasonable. Analysts highlighted Circle's market position, legislative tailwinds and operating leverage as key advantages. JPMorgan, by contrast, rated the stock underweight due to valuation concerns.

Dollar-backed stablecoin issuer Circle announced via X the upcoming release of “Circle Gateway,” a developer service that enables unified USDC balance management for instant cross-chain liquidity. The service, which eliminates the need for prefunding and rebalancing, will be available on Avalanche (AVAX), Base and Ethereum testnets starting in July.

An Ethereum ICO whale has reportedly sold 356,600 ETH worth $892 million over the past year at an average price of $2,501, despite an initial cost of just $0.31 per ETH. According to on-chain analyst ai_9684xtpa, the whale sold another 1,000 ETH about an hour ago and still holds 24,619 ETH.

UK-based cloud mining platform TWL Miner raised $95 million in its Series B funding round to incorporate AI technologies into its mining operations, according to Globe Newswire press release. The funds will enhance its renewable energy-powered data centers and develop AI-driven systems to improve efficiency and reduce energy consumption.

Cango Inc., a China-based automotive transaction platform, reported it mined 450 Bitcoin in June, slightly down from 484.5 BTC in May, according to PR Newswire press release. The company also completed its acquisition of crypto mining machines totaling 18 EH/s in hashrate, raising its total to 50 EH/s. Cango currently holds 3,879.2 BTC.

U.S. President Donald Trump commented that Elon Musk is frustrated about the loss of the electric vehicle mandate and suggested that additional consequences could follow, according to Odaily and JinSe Finance.