This Week in Crypto: German Bitcoin Sales Continue, US CPI Data Provides Glimmer of Hope

This week, the German government continued its Bitcoin (BTC) sell-offs, significantly affecting the crypto market. The release of the US Consumer Price Index (CPI) data also introduced further complexity to the economic scenario.

Key Takeaways

The German government continues to sell off its Bitcoin holdings, currently at 6,000 BTC, impacting the crypto market.

Bitcoin price experienced a brief surge following the release of US CPI data, indicating lower-than-expected inflation.

Cardano is set to complete the Chang hard fork next week, introducing DReps and paving the way for decentralized network governance.

Binance announced the delisting of four altcoins, leading to price drops for BOND, DOCK, MDX, and POLS tokens.

A security breach on Compound Finance’s website and reports of DNS domain attacks raised concerns in the DeFi community.

Solana meme coin DADDY garnered over 55,000 holders, while Lionel Messi's Instagram post promoted the WATER meme coin, sparking discussions about celebrity involvement in crypto.