We 13/5 | Daily Crypto & Macro News
Happy Wednesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- US CPI inflation rose to 3.8% in April, highest since May 2023 and now above the Fed Funds Rate. Inflation has remained above the Fed's 2% target for 62 consecutive months.
- Pro-Bitcoin Kevin Warsh officially confirmed as a Federal Reserve Governor.
- US Senate Banking Committee released a draft for the Bitcoin and crypto market structure bill, set for markup this Thursday. Senate Minority Leader Chuck Schumer indicated Democrats want to see a good crypto…
The skinny
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