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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.
- 17:26The scale of the BUIDL fund by BlackRock has reached a historic high, with a weekly increase of 25.07%According to DefiLlama data, the scale of BlackRock's BUIDL fund has exceeded 2.3 billion US dollars, currently reported at 2.372 billion US dollars, with a single-week increase of 25.07%, continuing to set new historical highs. At present, the size of this fund on Ethereum is 2.227 billion US dollars and the size on Avalanche is 52.72 million US dollars.
- 17:25Four Indian police officers are under investigation for allegedly tampering with encrypted asset evidenceAccording to Cryptopolitan, four officers from the Central Crime Branch in Bangalore, India are under investigation for allegedly tampering with evidence of encrypted assets. These assets come from the criminal proceeds of international hacker Srikrishna Ramesh. The Special Investigation Team (SIT) found that after arresting Sriki in 2020, the officers illegally used his crypto wallet and transferred Bitcoin through private network experts. Currently, related investigations are still ongoing and may involve more extensive corrupt practices.
- 16:43In the past 24 hours, $248 million has been liquidated across the entire network, mainly short positionsCoinglass data shows that in the past 24 hours, the total liquidation of cryptocurrency market across the network was $248 million, including $56.946 million for long positions and $191 million for short positions. The total amount of BTC liquidations was $65.598 million, while ETH liquidations totaled $47.1205 million.