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![Biggest mining difficulty drop of 2023? 5 things to know in Bitcoin this week](https://img.bgstatic.com/multiLang/image/f51801625b2dcfe9f7834eed4145e9a41690364174355.5b728d4-415c-487f-afe1-00d047a8f53f.jpg)
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
![First Mover Asia: Bybit CEO Ben Zhou: Regulators See Crypto as an ‘Opportunity,’ Not a Crisis](https://img.bgstatic.com/multiLang/image/a8113221f066a455d06d5e14d69291271690165202477.EOO5RPWPRBJNP6AUHBTVE7A3E.png)
The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
![DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote](https://img.bgstatic.com/multiLang/image/90977090ddbea46a08628ee1c5822dcb1689965414306.WYRPJBVXJHVRB2L4HMS6JY7AE.jpg)
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
![MakerDAO’s MKR Soars 28% in a Week as Token Buyback Scheme Goes Live](https://img.bgstatic.com/multiLang/image/a8774d80d66f7d34d0f794036ef959341689961204809.376TLTJJVDVBPC6FLDW27OVB4.png)
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
![First Mover Americas: ProShares Dismisses Concerns Over Cost of Tracking Futures](https://img.bgstatic.com/multiLang/image/a14688b03fe31603b7869caecd790b8b1689931802790.ZQS4DRAWBARFCCBIZ3YBRTCRE.jpg)
The latest price moves in crypto markets in context for July 21, 2023.
![SOL, XRP Lead Slide in Crypto Majors as Bitcoin Slips Below $30K](https://img.bgstatic.com/multiLang/image/03389b5cc108644b7d6693fa7f4c9fe71689944402752.XKKCBFJDNG4TKE2EZOIZUP5JY.jpg)
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
![Large Crypto Token Unlocks Drive Prices Lower Within Two Weeks, Research Suggests](https://img.bgstatic.com/multiLang/image/16bf66cd03b7c4870e9afeaadb4731b71689940202904.PEBIMUD75G7HECRUREHLPEWBU.jpg)
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
![ProShares Says Bitcoin ETF Has Matched BTC Price Closely, 'Roll Cost' Concerns Are Unwarranted](https://img.bgstatic.com/multiLang/image/a14688b03fe31603b7869caecd790b8b1689931802790.ZQS4DRAWBARFCCBIZ3YBRTCRE.jpg)
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
- 20:57All three major U.S. stock indexes ended the day down more than 1 per centAll three major U.S. stock indexes ended the day down more than 1 per cent, with the Nasdaq down 1.5 per cent.
- 20:21Fed: will weigh data when considering future monetary policy adjustments, Fed firmly committed to 2% inflation targetThe Federal Reserve's semi-annual monetary policy report said the Fed will weigh the data when considering future monetary policy adjustments, the Fed is firmly committed to achieving the 2 per cent inflation target; inflation expectations appear to be ‘generally consistent’ with the Fed's 2 per cent inflation target. The United States financial situation still appears to be somewhat tight, and the United States financial system remains ‘robust and resilient’.