Jun 12, 2024

"CoinDesk Daily" host Michele Musso breaks down the biggest headlines impacting the crypto industry today, as bitcoin climbs back up on lower-than-expected U.S. CPI data.

Video transcript

You're watching Coin De Daily. I'm Michelle Musso in for Jen Sani. The US consumer price index returned flat in May beating economist forecast for a 0.1% rise and down from 0.3% in April on a year over year basis. CP I was up 3.3% compared to analyst forecasts and the previous month reading at 3.4%. Bitcoin welcomed the soft inflation read as of 10 am eastern time. The largest Cryptocurrency by market cap is trading at $69,300 up almost 4% on the day. And Donald Trump speaks up about the future of Bitcoin mining. The Republican presidential candidate said that he wants all the remaining Bitcoin to be made in the US reiterating that it will help the country become energy dominant. Data shows that current mining hotspots are China, Central Asia countries, El Salvador and some European countries such as Germany and meta mask is adding a new feature that aims to expand the accessibility of staking the most popular wallet for Ethereum is set to roll out a pooled staking feature to its users beginning this week, allowing users to participate in Ethereum staking without dropping a bank staking on Ethereum Convention requires users to tie up 32 E with the network which at current market prices totals more than $100,000. Pooled services. Give more users access to staking by bundling together assets from various people making it possible for anyone to stake. Even if they don't have 32 E. That's it for coin desk daily. Get more updates on Coin desk.com and we'll see you next time.

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