Trump Effect: Coinbase bonds skyrocket, investor enthusiasm reignites

According to Jin Shi's analysis, after the US inflation data was higher than expected, the yields of the US dollar and US treasury bond bonds rose, and Bitcoin fell to a one week low. The inflation rate in January increased by 3.0% year-on-year and 0.5% month on month. According to LSEG data, Bitcoin fell 2.3% to a low of $94121, compared to $96517 before the data was released. Higher inflation reduces the likelihood of the Federal Reserve cutting interest rates, putting pressure on risky assets including cryptocurrencies.

Odaily Planet Daily News After the US inflation data was higher than expected, the yields of US dollars and US treasury bond bonds rose, and Bitcoin fell to a one week low. The inflation rate in January increased by 3.0% year-on-year and 0.5% month on month. According to LSEG data, Bitcoin fell 2.3% to a low of $94121, compared to $96517 before the data was released. Higher inflation reduces the likelihood of the Federal Reserve cutting interest rates, putting pressure on risky assets including cryptocurrencies. (Golden Ten)

According to official sources, the TON Foundation announced that the TON Teleport BTC testnet is now ready, marking another step towards introducing native Bitcoin into the TON ecosystem. TON Teleport BTC is a decentralized cross chain bridge that allows seamless introduction of BTC into TON. Through this cross chain bridge, BTC holders can leverage their assets in TON's DeFi ecosystem, unlocking new possibilities such as revenue mining and using Bitcoin as collateral. Users can now join the testing network to mint tgBTC.

Odaily Planet Daily News: Interest rate futures traders currently expect the Federal Reserve to cut interest rates by only 26 basis points until December, lower than the pre data release of about 37 basis points, which means there will only be one 25 basis point rate cut this year. (Golden Ten)

Michael Brown, an analyst at Pepperstone, stated that the likelihood of a rate cut in the first half of 2025 is currently low. He said, "For the Federal Open Market Committee, the January US CPI data will be a severe data, although it is likely to be affected by one-time factors, such as the typical large price increases that often occur at the beginning of the year. Given that these data indicate that progress in curbing inflation has stalled, the possibility of a longer pause in the easing cycle has now increased