CoinTelegraph
A hotter-than-expected U.S. inflation print sent shockwaves through crypto markets, with Bitcoin dropping 5.7% and Ethereum shedding 10.2% as traders began pricing in a possible Fed rate hike. The move was accompanied by $1 billion in outflows from Bitcoin ETFs — a sharp reversal that underscores how sensitive digital assets remain to macro rate expectations.
The leadership backdrop is shifting too: Kevin Warsh is set to be sworn in as the new Fed Chair on Friday, replacing Jerome Powell. Markets will be watching closely for any signal on how Warsh intends to handle the current inflation trajectory.
Elsewhere, Bitwise announced it will allocate 10% of its Hyperliquid ETF (BHYP) management fee directly toward $HYPE on its balance sheet — a notable structural commitment to the token. Meanwhile, Trump's Truth Social quietly withdrew its Bitcoin ETF filing with the SEC, and Senator Lummis…
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