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Bitcoin rises with softer-than-expected CPI; Circle files legal basis transfer to US | Video
Bitcoin rises again based on softer than expected CP I data and Circle wants to change its legal basis to the United States. You’re watching Coin Desk Daily, I’m your host, Jen Sani Bitcoin is heating up as US inflation data comes in weaker than expected. The consumer price index rose 0.3% in April, slightly below economists’ forecast of 0.4% year over year. CP I was 3.4% higher, in line with expectations. And as of 10:50 a.m. Eastern time, Bitcoin is trading for around $64,000. A small increase in this data increased around 5% of the stablecoin where Circle has filed to relocate its legal base to the United States before planning an initial public offering in the country. This is according to a Bloomberg report. The company is currently domiciled in the Republic of Ireland, but Circle filed for a public share listing with the SEC in January this year. Circle’s US DC is the second largest stablecoin in the crypto market and H be Hong Kong has once again withdrawn its application for a virtual asset trading license. According to the Securities and Futures Commission, the Hong Kong SFC did not specify why the order was withdrawn. But the agency said that for platforms that failed to submit a license, Apple must shut down by May 31. Crypto exchanges including OK, X crypto.com and Bullish are currently having their licenses reviewed by the SFC. Bullish is the owner of Coin Desk. That’s it for the daily coin table. Get more updates at coindesk.com and we’ll see you next time.