Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support. Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data. Key points: Data from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains. Read more
Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access. Prediction market Kalshi’s live order book is now available through data provider DoubleZero Edge’s dedicated fiber network, the two companies said in a Wednesday announcement shared with Cointelegraph. Kalshi said this makes it the first prediction market to distribute its real-time order book data on sports and crypto perpetuals event contracts, which will be available to new DoubleZero Edge subscribers. Users looking for a machine-readable view of prediction market data can access these capabilities via the dedicated feed, instead of building this infrastructure from order books and application programming interface (API) responses themselves. Read more
Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs. Slovenia has appeared for the first time in the European Union’s Markets in Crypto-Assets Regulation (MiCA) register of electronic money token (EMT) issuers. Dinaro, a Slovenia-based electronic money institution supervised by the Bank of Slovenia, joined the EMT list in the latest European Securities and Markets Authority (ESMA) register update on Wednesday. According to its website, Dinaro provides payment services, including card issuing and acquiring, and says it holds Mastercard principal membership. Its addition marks the first appearance of a Slovenia-based issuer in ESMA’s EMT dataset. Read more
Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile. It’s been five years since El Salvador became the first country to adopt Bitcoin as legal tender. President Nayib Bukele announced the plan at the Bitcoin conference in Miami on June 5, 2021, to the jubilant cries and applause of the Bitcoin community, who hailed the tiny Central American nation as living proof that BTC could be sovereign money. Bukele sold the experiment as a way to bank the unbanked, slash remittance costs, and attract investment to the impoverished nation. Read more
Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance. Crypto market maker Wintermute reportedly plans to invest up to $1 billion in artificial intelligence (AI) data center infrastructure and high-frequency trading over the next five years. The plans include scaling up Wintermute’s non-crypto market activity to account for over 50% of its business by the end of 2027, up from the current 10%, Wintermute CEO Evgeny Gaevoy told Bloomberg. Wednesday’s report said that as part of the plans, Wintermute will also double the staff in its 17-person New York office next year and expand its global headcount by about 40%. Cointelegraph has approached Wintermute for more details surrounding its expansion plans. Read more