What’s at Stake With Trump in Beijing, Crypto is RED After Hot CPI, Myriad Adopts Chainlink

Crypto majors are red after a PPI beat and big ETF outflows; BTC -1.6% at $79.5k; ETH -2% at $2,260; SOL -4% at $91; HYPE -1% at $39.03. CC (+8%), H (+5%) and QNT (+5%) led top movers. Oil -2% at $97; Gold even at $4,700. Stock futures are green with the Nasdaq up 0.2% as Tech continues rally. US Core PPI came in very hot, rising 1% in the past month (biggest gain since March 2022), up 5.2% on the year. Kevin Warsh was confirmed as the 17th Federal Reserve chair Wednesday in a 54-45 Senate vote, the most partisan confirmation of a Fed chair in the modern era; only Sen. John Fetterman (D-PA) crossed party lines. UK Economic Secretary Emma Reynolds told Parliament that digital assets could bring a “transformation of markets” as the government prepares to implement its crypto regulatory framework; the UK is advancing stablecoin and crypto asset legislation separately from the EU’s MiCA framework, aiming to attract crypto firms post-Brexit while maintaining consumer protections. Ledger put its US IPO on hold due to market volatility, pausing plans for a listing that had been explored at a $4 billion valuation; the French hardware wallet maker joins Kraken and Consensys in reassessing timing due to market conditions. Fireblocks CEO Michael Shaulov argued Wednesday that quantum-proofing Bitcoin is a coordination problem, not a technical one; the post-quantum signature schemes exist and work, but getting the fragmented Bitcoin ecosystem (miners, wallet providers, exchanges, node operators) to upgrade simultaneously is the actual unsolved challenge.  Powered by https://myriad.markets/markets