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Share link:In this post: U.S. inflation is slowing, but debates about Biden’s ability to challenge Trump overshadow the good news. The IMF warns the U.S. must address its high debt levels, with the debt-to-GDP ratio predicted to hit 140% by 2032. Voters prioritize the economy, with Trump trusted over Biden by 41% to 37% on economic issues. Bitcoin struggles in a tight range, with fears of further drops due to a supply overhang in July.Disclaimer. The information provided is not trading advice. Cryptopolita
Quick Take This is an excerpt from the fifth edition of The Funding newsletter sent to our loyal readers on June 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Share link:In this post: Bitcoin spot ETFs saw a $73 million inflow on June 28, with varying activity across different funds. Grayscale ETF GBTC had a $27 million outflow, while BlackRock ETF IBIT saw an $82 million inflow. The US government transferred 3,940 Bitcoin to Coinbase Prime on June 26, flagged by Arkham Intelligence. The SEC is cautiously approving Bitcoin and Ether ETFs but remains uncertain about other tokens like Solana.Disclaimer. The information provided is not trading advice. Cryptopolitan
- 14:32A whale on Hyperliquid who shorted BTC at 20 times leverage has made a floating profit of 6.375 million USDAccording to @ai_9684xtpa monitoring, BTC has fallen below 84,000 US dollars, ETH has fallen below 2,200 US dollars. The total position of Hyperliquid's 20 times short on BTC has a floating profit of 6.375 million US dollars, among which the floating profit of BTC short orders has expanded to 6.175 million US dollars. Yesterday it also added another 10 BTCs and currently the position value is as high as 42.85 million USD (512.65 BTC). The thirty times short order on ETH also already has a floating profit of $200k USD.
- 14:26ETH falls below 2100 US dollarsThe market shows that ETH has fallen below 2100 US dollars, currently quoted at 2099.02 US dollars, with a 24-hour drop of 4.08%. The market fluctuation is relatively large, please manage your risk well.
- 14:25Encryption Analyst: Recently, some Jito validators have had data leaks, causing user blocks to be sandwichedAccording to crypto analyst @PepeBoost888, some Jito validators have recently been leaking data to sandwich attackers, allowing them to know about anti-sandwich transactions in advance. To mitigate this phenomenon, users are advised to pay attention to the following points when using the Solana network: 1. In anti-sandwich mode, set a lower slippage. 2. Currently, Jito has advanced a technical solution to address the issue of malicious validator nodes and there will be continuous progress over the next few weeks. 3. Jito remains the most reliable anti-sandwich service with an extremely low percentage of failed anti-sandwich transactions.