Crypto Daybook Americas: Massive Selloff Doesn't Stop Bitcoin Institutional Adoption

Quick Summary:

Usual Protocol, the popular decentralized finance protocol that came under fire last week over an unexpected change in its redemption mechanism, has activated its Revenue Switch for USUALx holders.

Initial Jobless Claims Est.214K vs.Prev.201K.Jan.17, 5:00 a.m.: Eurostat releases December 2024's Eurozone inflation data.

China Will 'Try Very Hard' to Slow Yuan’s Fall, UBS’ Wang Says (Bloomberg): UBS says a weaker yuan will offer limited export benefits, as Beijing seeks to slow its decline amid US tariff threats, a strong dollar, and risks of capital outflows.

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Article Details

Author / Journalist: Omkar Godbole, Francisco Rodrigues

Category: Crypto

Markets: United StatesChinaCubaItaly

Topics: Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 11:55:54 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1528 words

Reading Time: 9 minutes read

Sentences: 37 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25152511

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Main Topics: Crypto

Official Website: coindesk.com

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News Last Updated: 15 hours ago

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