BTC price shrugs off strong PCE data as Bitcoin traders eye $28K range

TutoSartup excerpt from this article:
twitter...twitter... Bitcoin traders expect downside as BTC price offers a muted reaction to the Fed’s “preferred” inflation metric... Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations... Source: TradingViewFed’s “preferred” inflation metric point...

New Amazon EC2 Instances (C7gd, M7gd, and R7gd) Powered by AWS Graviton3 Processor with Local NVMe-based SSD Storage

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Today, we’re adding a d variant to all three instance families...We launched Amazon EC2 C7g instances in May 2022 and M7g and R7g instances in February 2023... Powered by the latest AWS Graviton3 processors, the new instances deliver up to 25 percent higher performance, up to two times higher floating-point performance, and up to 2 times faster cryptographic workload performance compared to AW...

New: AWS Local Zone in Phoenix, Arizona – More Instance Types, More EBS Storage Classes, and More Services

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I am happy to announce that a new AWS Local Zone in Phoenix, Arizona is now open and ready for you to use, with more instance types, storage classes, and services than ever before... We launched the first AWS Local Zone in 2019 (AWS Now Available from a Local Zone in Los Angeles) with the goal of making a select set of EC2 instance types, EBS volume types, and other AWS services available with si...

Optimism transaction volumes surpass Abitrum’s for the first time in six months

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Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest," but has regained it after Worldcoin launched on July 25... The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis...Optimism fell ...

‘Pro-crypto bill’ passes out of US House Agriculture Committee

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Related: US lawmakers hold EU and UK as examples of crypto regulation in joint hearingThe bipartisanship took a while to show through, as Rep...The crypto community has vocally supported the bill...” Magazine: Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’... The Republican bill, dubbed FIT for the 21st Century, was drafted by...

Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

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 The document explores the risks stablecoins pose to the financial system, noting that current legislative proposals in the United States could incorporate crypto payment instruments into existing banking and securities frameworks... Malone argues that the risks posed by stablecoins are lower than bank deposits and different from money market funds... Stablecoins are cryptocurrencies programmed ...