Latest news about Pacific

The likelihood of another rate hike is diminishing due to the modest Consumer Price Index (CPI) figures.

Despite the declining trading volume, all indicators strongly suggest an imminent break-out.

PLUS: Japan's achievements in digital assets and Web3 regulation are commendable, positioning it as a success story in this realm. However, while attending the recent IVS Crypto Conference in Kyoto, one cannot shake the feeling that there is something lacking.

ALSO: Rahul Advani, Ripple Asia's policy lead, commends Japan's cryptocurrency regulations for their strong focus on safeguarding consumers. According to Advani, the nation has established 'a very clear taxonomy for digital assets.'

As Asia markets opened, the largest cryptocurrency by market value surged to $26.8K. ALSO: A recent report from the Financial Times has sparked new concerns regarding the suitability of crypto exchanges engaging in market making activities.

ALSO: The put/call ratio for bitcoin options on exchanges has dropped to 0.47, indicating a decreased interest among investors in acquiring protection against potential price declines compared to the period before the U.S. debt ceiling bill was passed.

Also: Bitcoin and volatility share a complex relationship.

ALSO: Crypto companies and trade organizations currently allocate only a small portion of the funds dedicated to lobbying compared to other industries. However, this trend could undergo a transformation in the near future.

PLUS: We absolutely must have access to the Hinman emails.

There are numerous indicators available for traders to gauge the direction of sentiment in cryptocurrency markets. One crucial metric is the funding rates observed in perpetual futures contracts for bitcoin and ether.