Naga Avan-Nomayo

1 day ago | theblock.co | Naga Avan-Nomayo

Markets • May 13, 2025, 11:07AM EDT April’s Consumer Price Index fell to 2.3%, slightly below economists' expectations of 2.4%, while the Core CPI remained steady at 2.8%, matching forecasts. The latest data — the first inflation figures reflecting the impact of "Liberation Day" — marked headline inflation at a four-year low and represented the third consecutive monthly decline.

1 day ago | theblock.co | Naga Avan-Nomayo

Exchanges • May 13, 2025, 8:05AM EDT The Department of Finance of Dubai city has signed a Memorandum of Understanding (MOU) with Crypto.com to introduce cryptocurrency as a payment method for government services. Signed during the Dubai FinTech Summit, the MOU supports the United Arab Emirates' cashless roadmap, which aims to shift 90% of public and private financial transactions to cashless methods by 2026.

1 day ago | theblock.co | Naga Avan-Nomayo

Security • May 13, 2025, 5:53AM EDT Curve Finance has flagged a Domain Name Service (DNS) attack on its website, days after unknown actors gained access to the protocol’s X account. Reported late on Monday, Curve said its “curve[.] fi” domain was compromised in an apparent DNS spoofing attack. In the meantime, users were advised against interacting with the website until further notice. Curve has also switched to its curve[.}finance site, per a tweet from the team.

2 days ago | theblock.co | Naga Avan-Nomayo

American Bitcoin, a subsidiary of Bitcoin miner Hut 8 Corp. and Trump-led data firm American Data Centers, intends to go public through a definitive merger agreement with Gryphon Digital Mining, Inc. The stock-for-stock transaction is expected to close as early as the third quarter of 2025, pending shareholder and regulatory approvals, according to a Monday press release.

2 days ago | theblock.co | Naga Avan-Nomayo

Markets • May 12, 2025, 6:33AM EDT Negotiations in Geneva last week proved fruitful as Beijing cut duties on U.S. goods from 125% to 10% and Washington decreased tolls on Chinese imports to 30% from 145%. Both reductions are valid for 90 days and come into effect from May 14, according to an official White House statement. In response, the cryptocurrency market capitalization notched a modest 1% rise, with Bitcoin over $104,100 and Ether at $2,500, per price data from The Block.