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Bitcoin Falls On U.S. PCE Market Expectations
The cryptocurrency market fell on Aug. 1 as personal consumption expenditure(PCE) in the U.S. exceeded market expectations. The U.S. Department of Commerce reported on Thursday that PCE in the U.S. rose 2.6 percent year-on-year in June. Excluding energy and food products, the core PCE price index rose 2.8 percent year-on-year and 0.3 percent month-on-month. Both PCE and core PCE beat expert estimates compiled by Dow Jones by 0.1%. Bitcoin(BTC) fell to $115,000 after PCE, a major economic indicator referenced by the U
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Major News Headlines for Today
1. Tether Hits $5.7 Billion Profit In First Half Of 2025...9.6% Risen Than Last Year In 2025, Tether, the issuer of stablecoin Tether(USDT), achieved $5.7 billion in profits. According to an earnings report released by Tether on Jul. 31, Tether recorded a profit of about $4.9 billion in the second quarter of 2025. This is an increase of about 277% year-on-year. Tether's performance is interpreted as the passage of the U.S. stablecoin regulation bill. 2. U.S. SEC Announces Crypto Regulatory Initiative With Presidential
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Bitcoin Keeps in Continuous Turnovers
As the U.S. Federal Reserve froze its benchmark interest rate, the cryptocurrency market, including Bitcoin(BTC), rebounded on the afternoon of Jul. 31 after falling in the morning. Fed Chairman Jerome Powell said at a press conference on the 30th (local time), "We need to see more of the impact of tariffs on inflation," adding, "We are not considering lowering interest rates yet." When the Fed froze interest rates, the market's wait-and-see attitude turned into disappointment, and the market fell. Altcoins recorded a drop of more than 5% including Bitco
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Major News Headlines for Today
1. U.S. White House Issues First Cryptocurrency Policy Report The White House released its first cryptocurrency policy report on Jul. 30(local time). The White House's cryptocurrency policy report classified cryptocurrencies into securities and commodities, appointed the U.S. Securities and Exchange Commission(SEC) and the U.S. Commodity Exchange Commission(CFTC) as the main supervisory authority for the cryptocurrency market, and specifically named the CFTC as the supervisory authority for spot trading of cryptocurrenci
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Bitcoin Flips Tension Ahead of FOMC Regular Meeting
The cryptocurrency market, including Bitcoin(BTC), went sideways on Jul. 30 due to tensions formed ahead of the regular meeting of the Federal Open Market Committee(FOMC) in July. The U.S. Federal Reserve will hold a FOMC meeting from the 29th to the 30th to set the benchmark interest rate. In particular, Fed Chairman Jerome Powell will hold a press conference on the 30th. Amid the prevailing expectation that the Fed will freeze interest rates, the market is on high alert and the rise of the cryptocurrency market, including Bitcoi
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Major News Headlines for Today
1. U.S. Senator Submits Bill to Include Cryptocurrency In Mortgage Assets Sen. Cynthia Lummis submitted '21st Century Mortgage Bill' on Jul. 29, which includes a clause that requires cryptocurrency to be included as a mortgage asset. The 21st Mortgage Bill contains a clause that requires U.S. mortgage lenders to consider cryptocurrency as a home loan asset. 2. 21 Capital Hits 43,500 Bitcoin Holds In Two Months After Launch Bitcoin (BTC) broker "21 Capital" bought about 5,800 additional Bitcoin on Jul. 29, achieving a t
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Major News Headlines for Today
1. PayPal Begins Supporting Over 100 Cryptocurrencies PayPal has started supporting more than 100 types of cryptocurrency transactions with the aim of facilitating overseas transactions and activating its own stablecoins. PayPal announced in an official statement on Jul. 28 that it will link the PayPal app with Coinbase Wallet, Metamask, and OKX to support transactions of major altcoins such as Bitcoin(BTC), Ethereum(ETH), XRP(XRP), Solana(SOL), and Tether(USDT). 2. US SEC Postpones Announcement o
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Bitcoin Bounces Back on Institutional Buying
Bitcoin(BTC) briefly recaptured $120,000 on Jul. 23 after building a solid downward line with institutional buying. A number of foreign media reported that Bitcoin succeeded in defending its price without a significant drop by establishing a solid defense line with the buying of exchange-traded funds(ETFs) and companies in the United States. Major altcoins stopped rising and slowed down due to Bitcoin's price defense. On the other hand, the market produced different markets, with "light altcoins" with low market capitalization succeeding in soaring. Bitcoin touc
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Major News Headlines for Today
1. U.S. Senate Banking Committee Announces Draft Crypto Market Structure Bill The U.S. Senate Banking Committee proposed the Responsible Financial Innovation Act, a cryptocurrency market structure bill based on the CLARITY bill, on Jul. 22, suggesting the possibility of cooperation with the CLARITY bill that recently passed the House of Representatives. 2. PNC Bank Announce Crypto Trading Services Through Partnership With Coinbase PNC Bank, a large U.S. southeastern bank, signed a pa
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Bitcoin Slightly Drops On Favorable Vanishing
The cryptocurrency market, including Bitcoin(BTC), fell slightly on Jul. 22 due to the lack of additional favorable factors. Bitcoin and cryptocurrencies soared on the news of the passage of three cryptocurrency regulations in the U.S. Congress last week. However, Bitcoin and major altcoins fell after the favorable factors that will drive further market gains disappeared. Last week, a number of altcoins alternately pumped into the funds flowing in from the market's rise. Bitcoin remained around $117,000. Ethereum(ETH) and XRP were down about 2.5% from
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Major News Headlines for Today
1. Trump Media Group "Holds Bitcoin Worth $2 Billion" Trump Media & Technology Group(TMTG), a media group owned by U.S. President Donald Trump, announced in an official statement on Jul. 21 that it has $2 billion worth of Bitcoin. TMTG said it has invested about two-thirds of its total assets of $3 billion in Bitcoin as part of the company's financial strategy. 2. Cryptocurrency Trustee Bitgo Files for U.S. IPO Bitgo, a U.S. cryptocurrency trustee, submitted an 'S-1' report to the U.S. Securities and Exchan
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Bitcoin Downs to 119K After Recording Highs
Bitcoin(BTC), which had been suffering from a new report due to a series of favorable factors last week, began to take a breather on Jul. 21 due to the sale of profit-taking. Last week, after the U.S. House of Representatives passed three U.S. cryptocurrency regulations, President Trump signed the U.S. stable coin regulation bill "GENIUS Bill." Cryptocurrencies rose one after another last week on the interpretation that the foundation for cryptocurrency to enter the financial system has been established in the U.S. However, as Bitcoin bro
