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US inflation rises for first time in 5 months as tariff costs ripple through economy

Share link:In this post: US core inflation rose by 0.3% in June, the biggest increase since January, as tariffs pushed up import costs. Retail sales stayed weak, but the Federal Reserve is not ready to cut interest rates due to ongoing inflation worries. Tariffs are raising global inflation concerns, and central banks in countries like Canada, Japan, and the UK are watching closely.

Cryptopolitan·2025/07/13 08:10

Elon Musk’s SpaceX agrees to invest $2 billion in xAI

Share link:In this post: SpaceX is investing $2 billion in xAI, nearly half of its $5 billion equity raise. Elon Musk merged xAI with X earlier this year, valuing the combined company at $113 billion. Grok 4 launched this week but faced backlash after posting offensive replies on X.

Cryptopolitan·2025/07/13 08:10

$117,000 Bitcoin: Just the Beginning of the Bull Run

Bitcoin hits $117,000 and shows no signs of slowing down—experts say this could be just the beginning.Bitcoin Breaks $117,000—And It’s Far from OverWhat’s Fueling the Climb?What’s Next for Bitcoin?

Coinomedia·2025/07/13 07:30

Bullish Divergence for Altcoins Signals Breakout

Bullish divergence spotted across altcoins—technical charts hint at a strong recovery phase ahead.Altcoins Flash Bullish Divergence: Is the Altseason Near?What Is Bullish Divergence?Could This Trigger an Altcoin Rally?

Coinomedia·2025/07/13 07:30

Cardano Eyes Breakout as ADA Targets $1.20

Cardano ($ADA) breaks resistance, setting up for a possible rally toward $0.90–$1.20 amid rising bullish momentum.What’s Fueling the ADA Rally?Can Cardano Reach $1.20?

Coinomedia·2025/07/13 07:30

SHIB Breakout Target Projects 500% Price Surge

SHIB eyes a 500% rally as its breakout target of $0.000081 remains intact following a trendline resistance break.Why $0.000081 is the Breakout TargetRisks and What to Watch Next

Coinomedia·2025/07/13 07:30

Ethereum ETF Demand Surges Past $900M

Ethereum ETFs stack $908M in ETH as demand begins to outpace supply, signaling a major shift in market dynamics.Supply Shortage May Spark Ethereum Price RallyThe Shift Is Already Underway

Coinomedia·2025/07/13 07:30

TOTAL2 Chart Signals 25% Rally Ahead

TOTAL2 breaks out of inverse head and shoulders pattern, signaling a potential 25% altcoin market rally.Bullish Breakout in Altcoin MarketWhat Is the Measured Target?Eyes on the Altcoin Space

Coinomedia·2025/07/13 07:30

Bitcoin $120,000 All-Time High Imminent as Supply Shock Nears

Bitcoin’s growing demand and tightening supply could push its price past $120,000, with strong investor accumulation and bullish momentum.

BeInCrypto·2025/07/13 07:30

Pi Coin Holders Continue to Sell as Pi Network Faces All-Time Low

Pi Coin shows weak market momentum as outflows hit record highs. With no clear recovery in sight, it risks falling to new lows.

BeInCrypto·2025/07/13 07:00

Flash

20:13

Fitch: Middle East Situation Continues to Pose Risks to Global Businesses

On July 4, Fitch Ratings released a report stating that despite the temporary memorandum of understanding signed between the U.S. and Iran on June 17, both sides continue to engage in retaliatory military strikes. The agreement remains fragile and Israel is not involved, which keeps the situation in the Middle East a risk for global businesses. In its updated 'negative scenario' analysis, Fitch pointed out that even if the currently set extreme scenarios (such as a 10% drop in the stock market, a widening of corporate bond spreads by 100-200 basis points, tightening monetary policy, and a noticeable slowdown in the global economy) do not fully materialize, they can still serve as a reference in the event of escalating conflict. In this scenario, the economic growth rates of the U.S. and the Eurozone would significantly decline. Fitch assessed 72 industry sub-sectors across six global regions, with most risk assessments remaining unchanged, while a few were adjusted up or down. Overall, Fitch believes that the 'tail risks' of the Middle East conflict persist, and if the situation escalates again, it will continue to exert pressure on the global corporate credit environment and financial markets.

20:12

MCSA adopts a neutral stance on the Clarity Act after ongoing discussions regarding Article 604

According to Odaily, Fox Business crypto reporter posted on X platform stating that Major County Sheriffs of America has recently shifted its stance to "neutral" on the Clarity Act after ongoing discussions regarding Section 604, namely part of the Blockchain Regulatory Certainty Act. In a letter to the leaders of the Senate Banking Committee, MCSA indicated that, based on its continued review of the act, there remains an opportunity to further strengthen this legislation in a way that supports responsible innovation as well as the practical needs of state and local law enforcement.

20:12

The weakening of expectations for a Federal Reserve rate hike causes the US dollar to weaken, leading to a rebound in Latin American assets.

The previous day, U.S. employment data came in weaker than expected, weakening market bets on a near-term Federal Reserve rate hike and boosting market risk appetite before the weekend. The MSCI Latin American equities index rose 0.6%, while the regional currency index edged up 0.3%. Both are on track for modest gains in the first week of the third quarter. The currency index had already marked its sixth consecutive quarterly gain, the longest streak since 2009.

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