PDAXScope: Bitcoin drops below $95K

Bitcoin Briefly Drops Below $95,000 As Inflation Fears Reignite (Investopedia)

Bitcoin’s price temporarily fell below $95,000 after U.S. Consumer Price Index (CPI) data came in higher than expected, sparking renewed inflation worries and pushing back expectations for Federal Reserve rate cuts.

The unexpected inflation spike led to market volatility which caused Bitcoin to drop as low as $94,000 before rebounding. However, analysts are optimistic about Bitcoin’s long-term outlook and cited institutional adoption and macroeconomic trends as key drivers for future growth.

SEC and Binance seek 60-day pause in crypto case (Cointelegraph)

The U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have jointly filed a motion to pause their ongoing legal case for 60 days due to the SEC’s newly formed Crypto Task Force as this is expected to influence forthcoming regulatory frameworks. The 60-day pause aims to give parties ample time to consider the potential impact of the task force on the case and the broader crypto regulatory environment.

Ronin Goes Permissionless, Opens to All Developers (BitPinas)

Ronin – the gaming-focused blockchain developed by Sky Mavis – has gone permissionless. Ronin is now allowing developers to build and launch projects without prior approval in a bid to foster innovation, attract more game developers, and expand Ronin’s ecosystem beyond Axie Infinity.

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