The post New US inflation report leaves Bitcoin with a problem the Fed cannot solve yet appeared on BitcoinEthereumNews.com.
Headline PCE inflation rose 3.8% in April from a year earlier, its hottest pace in two years and nearly double the Federal Reserve’s 2% goal, while core PCE held at 3.3%, its highest reading since October 2023. The monthly numbers ran cooler, with core easing to 0.2% against the 0.3% economists had expected. Bitcoin saw that combination of numbers as a problem, sliding toward $73,300 in the hours after Thursday’s release and hovering near $73,000 through the weekend, down roughly 30% across the past year. The PCE inflation report brought enough monthly relief to keep the rate-cut rate going, and enough annual heat to keep liquidity scarce. What makes this report land harder than most is the timing, since it’s the first major inflation spike of Kevin Warsh’s tenure as Fed chair, a job he stepped into on May 22 after succeeding Jerome Powell. Warsh built his reputa
The post Trump Demands Fort Knox Audit After CIA Official Seized With $40M in Gold Bars – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways FBI agents seized 303 gold bars worth approximately $40M from former CIA official David Rush around May 27, 2026. Fort Knox holds ~147M troy ounces of gold worth an estimated $662B at current market prices, last independently audited in 1953. Trump has called for a Fort Knox audit, but no date has been set as of May 31, with Rep. Massie’s H.R. 3795 still pending in Congress. Trump Posts, Then Explains Trump posted on Truth Social over the weekend, writing that it was “time to physically audit Fort Knox.” He tied the call directly to the arrest of David Rush, a former senior CIA official with top-secret clearance, saying government officials “steal a lot” and that Americans deserve verification that the reserves are intact. In a May 10 interview on Full Measure with Sharyl Attkisson, Trump said his administration had “played with” the
MicroStrategy's Bitcoin acquisition underscores growing institutional trust, potentially stabilizing Bitcoin's market position amid global uncertainties.
The post MicroStrategy Bitcoin purchase signals reduced likelihood of near-term sales appeared first on Crypto Briefing.
The post Football Betting With Crypto Wallets: What Beginners Should Know appeared on BitcoinEthereumNews.com.
Football remains the world’s most popular betting sport, generating billions of dollars in wagering activity every year. At the same time, cryptocurrency has become one of the fastest-growing payment methods in online gambling. These trends are increasingly overlapping. Today, many football bettors fund their accounts with Bitcoin, USDT, Ethereum, and other cryptocurrencies instead of using bank cards. Some platforms even allow direct wallet connections through MetaMask, Trust Wallet, WalletConnect, and Telegram-based login systems. For beginners, this creates a simple question: How does football betting with a crypto wallet work? What Is a Crypto Wallet? A crypto wallet is software that allows users to store, send, and receive cryptocurrency. Unlike a bank account, a wallet gives users direct control over their funds. Popular wallet options include:
MetaMask
Trust W
The post Trace Mayer says bitcoin’s (BTC) falling volatility signals institutional maturity, not weakness appeared on BitcoinEthereumNews.com.
Bitcoin’s BTC$73,825.48 trademark volatility was for years treated as both its greatest feature and its biggest flaw. Recently, that roller coaster has quieted into something resembling a smooth ride, with volatility collapsing to roughly 35 from a high of 120 in 2021. While critics view this dampening as a sign that the asset is losing its edge, longtime bitcoin investor and Mayer Multiple creator Trace Mayer argues they are drawing entirely the wrong conclusion. Mayer suggested that bitcoin’s declining volatility isn’t a sign of weakness, but rather a direct reflection of its growing economic substance in an interview with CoinDesk. “Gary Gensler said he was going to ‘tame bitcoin,'” Mayer said, pointing to regulatory efforts to corral the digital asset. “And we’ve seen the volatility come down.” Rather than viewing this “taming” as a defeat,
The post Adam Back dismisses BIP-110 censorship claims as fork debate returns appeared on BitcoinEthereumNews.com.
A fresh Bitcoin debate has broken out on X after Mr.Hodl linked Roger Ver’s old censorship criticism with new complaints from GrassFedBitcoin about BIP-110 discussion channels. Summary Mr.Hodl linked Roger Ver and GrassFedBitcoin as Bitcoin’s BIP-110 moderation dispute moved back online again. Adam Back rejected censorship claims, saying BIP-110 was ignored because critics already debated it extensively. The proposal seeks to restrict non-monetary Bitcoin data, but opponents warn about fork risks ahead. Mr.Hodl posted a short message placing Roger Ver and GrassFedBitcoin side by side. The post came with screenshots showing Ver’s 2019 claim that BTC had failed on censorship resistance by censoring parts of its community. The second screenshot showed GrassFedBitcoin arguing that BIP-110 critics should engage directly if they believe the proposal is wrong. The account claimed
A new belief set is uniting some of the wealthiest men in the world around a ‘transhuman’ future – actual humanity be damned
Sam Altman, the chief executive of OpenAI, took to the Internet a few years ago to propose that homo sapiens would be the first species “to design our own descendants”. In his best case scenario, the “merge” between humans and artificial intelligence occurs at some point over the next 50 years. The alternative, where we remain simply human and the machines follow their own path, is more ominous. “If two different species both want the same thing and only one can have it – in this case, to be the dominant species on the planet and beyond – they are going to have conflict,” he wrote.
More recently, Elon Musk, the world’s richest man, who at one point last year was granted the power to reconfigure the US federal government, argued on his social media platform, X, that “it increasingly appears that humanity is a biological bootloader for digital superintelligence” –
The crypto weed vape found me on 4/20, the high holiday of cannabis enthusiasts everywhere. It arrived over Slack with the thumbnail of a man exhaling a plume of vapor, the words "every hit delivers Bitcoin" emblazoned across it. It claimed to be advertising a device called Gudtrip, and I thought everything about it sounded fake.
So I went looking for it. What I eventually found, after weeks of searching, dozens of emails, and a reporting effort that spanned continents, was somehow even dumber than I'd imagined.
My first port of call was Gudtrip's website, which only made the vape seem more like a prank. The company's description of the pr …
Read the full story at The Verge.
