BeInCrypto

2 days ago | beincrypto.com | Lockridge Patrice Okoth

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee as we delve into what the day holds for Coinbase, the largest US-based exchange based on trading volume metrics. Despite the exchange’s Q1 earnings underperforming expectations, Coinbase made history by joining the S&P 500, and new developments are in the pipeline later today.

2 days ago | beincrypto.com | Lockridge Patrice Okoth

The Bureau of Labor Statistics (BLS) released its CPI report on Tuesday, showing inflation slowed in April. The Bitcoin price posted a modest reaction, as this turnout influences the Federal Reserve’s (Fed) path forward on interest rates. The BLS released its Consumer Price Index (CPI) inflation report on Tuesday at 8:30 AM EST. As measured by the CPI, inflation in the US rose at an annual rate of 2.3% in April, slightly below the pace witnessed in March.

2 days ago | beincrypto.com | Lockridge Patrice Okoth |Ann Maria Shibu

With 60 million users, Pi Network seeks visionary allies as it prepares for a major announcement at Consensus 2025, one of blockchain’s biggest stages. However, the PI community’s tensions simmer amid price drops and access limitations. In a May 8 post on X (Twitter), the Pi Core Team indicated plans for a major ecosystem reveal on Wednesday, May 14. This long-awaited reveal will clarify Pi Network’s next moves ahead of its anticipated Open Network launch.

2 days ago | beincrypto.com | Lockridge Patrice Okoth |Ann Maria Shibu

Animoca Brands, the Hong Kong-based Web3 investment powerhouse once valued at nearly $6 billion, is preparing to go public in New York. The move suggests that earlier plans for listings in Hong Kong or the Middle East may be shelved or abandoned. Animoca Brands Plans to Go Public in New YorkIn a new interview with the Financial Times, Animoca Brands co-founder and executive chair Yat Siu revealed that Animoca is accelerating plans for a US IPO.

2 days ago | beincrypto.com | Lockridge Patrice Okoth |Ann Maria Shibu

Reports circulated that Truth Social, a platform launched by Donald Trump to challenge Big Tech and cater to right-wing audiences, was launching its meme coin. However, key Trump-affiliated entities have shut down speculation over a Truth Social meme coin launch. The controversy began Monday when Ran Neuner, founder and host of the popular Crypto Banter show, posted on X (Twitter) that the Truth Social meme coin is imminent.