Yesterday was about as confusing as it gets for Bitcoin as the price climbed steadily in the $60,000 range. Then, the US Consumer Price Index report revealed unexpectedly positive figures, which should have helped boost the price of BTC. However, the opposite happened as Bitcoin dumped 5% courtesy of the US government moving 10,000 of its Silk Road Bitcoin stash. Elsewhere, Iran is offering a bounty to anyone who reports illegal crypto mining, many crypto influencers could get hit hard with a new US FTC rule banning fake likes and followers, and we look at why betting on memecoins on Pump.fun offers worse odds than playing roulette in a casino.

Further reading:

• BTC price suddenly drops 5% as Bitcoin rejects low CPI print
• US government moves 10,000 Bitcoin
• US gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bears
• Iran is giving $24 to anyone who reports illegal crypto miners
• Crypto influencers on notice after FTC bans fake likes and followers
• Memecoin casino: $100 bet on Pump.fun has worse odds than roulette

So, grab yourself a coffee, and let’s get into it.

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