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China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
- 12:47About 400 OpenAI employees welcome the opportunity to cash in their stocks, with up to $10 million per personApproximately 400 current and former employees of OpenAI will receive millions of dollars in cash, thanks to a special stock sale arranged by the San Francisco company with SoftBank Group of Japan. According to informed sources, the acquisition offer allows some OpenAI employees and former employees to sell their shares to SoftBank at a price of $210 per share. Sources say that SoftBank plans to acquire up to $1.6 billion in shares from eligible OpenAI shareholders, who must have obtained restricted stocks more than two years ago in order to participate. Eligible OpenAI shareholders must make a decision before December 24th. Each participant will be allowed to sell vested stocks worth $10 million.
- 12:46Data: Long-term holders of Ethereum are still increasing their ETH holdings, currently holding about 110 million ETH in totalAccording to IntoTheBlock data, long-term ETH holders have shown confidence this year and are still continuously increasing their positions. Currently, about 110 million ETH is held by long-term holders.
- 12:45BIT Mining is again in compliance with the standards for continued listing on the New York Stock ExchangeMarket News: Cryptocurrency mining company BIT Mining is once again in compliance with the standards for continued listing on the New York Stock Exchange.
