Falling US inflation: what are the expectations?

In July 2024, US inflation fell to 2.9%, its lowest level in three years. This development could lead to interest rate cuts by the Federal Reserve, potentially benefiting the crypto market. Lower interest rates may reduce the value of the US dollar, which could encourage investors to invest more in alternative assets such as Bitcoin and Ethereum. This will boost confidence in cryptocurrencies and could have a positive impact on their prices. Although markets remain volatile, these conditions could be favourable for the further adoption and appreciation of cryptocurrencies.

Morgan Stanley invests $188 million in Bitcoin ETF

Morgan Stanley recently significantly reduced its position in the Grayscale Bitcoin Trust (GBTC). The freed-up capital the bank has invested in more cost-efficient Bitcoin ETFs from BlackRock. A total of $188 million has been invested in the ETFs. This change reflects Morgan Stanley's growing confidence in regulated Bitcoin ETFs as a safer alternative to direct crypto investments. Through this investment, Morgan Stanley is taking an important step towards wider acceptance of Bitcoin within traditional financial institutions. This encourages further institutional involvement in Bitcoin and underscores Bitcoin's growing role in the global financial sector.

Apple paves way for crypto payments on iPhones

Apple recently took an important step to enable crypto payments on iPhones. This development could soon allow users to pay directly with crypto currencies via their iPhones. By incorporating this technology, Apple is responding to the growing demand for modern payment methods. While details are still missing on exactly how this feature will work and how secure it will be, Apple is showing that it is willing to embrace new innovations and expand its ecosystem. This could significantly accelerate the adoption of digital currencies, given the huge number of iPhone users worldwide.