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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.
- 00:57DOGE has risen and broken through 0.43 USDT, with a 24H increase of 14.67%Market data shows that DOGE has risen and broken through 0.43 USDT, currently quoted at 0.43273 USDT, with a 24-hour increase of 14.67%.
- 00:55In the past 24 hours, a total of $285 million has been liquidated across the network, mainly short positionsCoinglass data shows that in the past 24 hours, a total of $285 million has been liquidated across the network, with 95,432 people being liquidated. Of these, $92.15 million were long positions and $193 million were short positions. BTC liquidations amounted to $96.34 million and ETH liquidations totaled $36.04 million.
- 00:24Overview of Key Overnight Developments on January 1821:00-7:00 Keywords: DCG, Trump, Coinbase 1. DCG fined $38 million for Genesis lending fraud; 2. TikTok CEO: Will do everything possible to ensure the continued prosperity of the TikTok platform; 3. U.S. Senator Ted Cruz plans to overturn controversial IRS crypto tax rules; 4. California Assemblyman Phillip Chen to draft a bill supporting Bitcoin; 5. U.S. Congressional Budget Office: U.S. real GDP growth rate expected to be 1.9% in 2025; 6. U.S. Department of Justice: A certain crypto "godfather" colluded with an officer to attempt to steal $100 million in cryptocurrency.