COINDESK DAILY: U.S. CPI Returns Flat in May; Donald Trump Wants All Remaining Bitcoin to Be 'Made in USA'
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 June 2024
⏱️ 2 minutes
🧾️ Download transcript
Summary
Host Michele Musso breaks down the latest news in the crypto industry from the U.S. CPI report to former President Donald Trump's comments on bitcoin mining.
To get the show every day, follow the podcast here.
"CoinDesk Daily" host Michele Musso breaks down the biggest headlines impacting the crypto industry today, as bitcoin climbs back up on lower-than-expected U.S. CPI data. Plus, Republican presidential candidate Donald Trump said that he wants all the remaining bitcoin to be made in the U.S. and MetaMask adds "pooled staking" feature.
-
This episode was hosted by Helene Braun. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The US Consumer Price Index returned flat in May, beating economist forecast for a 0.1% rise and down from 0.3% in April. |
| 0:10.9 | On a year-over-year basis, CPI was up 3.3% compared to analysts' forecasts and the previous |
| 0:16.9 | month's reading at 3.4%. Bitcoin welcomed the soft inflation read. As of 10 a.m. Eastern time, |
| 0:23.6 | the largest cryptocurrency by market cap is trading at $69,300, up almost 4% on the day. |
| 0:31.5 | And Donald Trump speaks up about the future of Bitcoin mining. The Republican presidential candidate |
| 0:36.8 | said that he wants all the remaining |
| 0:38.7 | Bitcoin to be made in the U.S., reiterating that it will help the country become energy |
| 0:43.8 | dominant. Data shows that current mining hotspots are China, Central Asia countries, El Salvador, |
| 0:50.0 | and some European countries such as Germany. And MetaMask is adding a new feature that aims to expand the accessibility of staking. |
| 0:58.4 | The most popular wallet for Ethereum is set to roll out a pooled staking feature to its users beginning this week, |
| 1:05.1 | allowing users to participate in Ethereum staking without dropping a bank. |
| 1:09.3 | Staking on Ethereum conventionally requires users to tie up 32 |
| 1:12.7 | with the network, which at current market prices totals more than $100,000. Pooled services give more |
| 1:20.4 | users access to staking by bundling together assets from various people, making it possible for |
| 1:26.3 | anyone to stake even if they don't have 32 |
| 1:29.1 | ETH. That's it for CoinDest Daily. Get more updates on CoinDest.com and we'll see you next time. |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.