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Bitcoin Ordinals, a method of generating non-fungible tokens (NFTs) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.
The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.
The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.
Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
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.
- 01:54A dormant address containing 357 BTC was activated after 11.0 years, equivalent to about 34 million US dollarsAccording to the on-chain data tracking service Whale Alert, a dormant address containing 357 BTC ($34,070,177) has just been activated after 11.0 years.
- 01:53Sophon has completed the mining migration and opened mainnet miningOn December 29th, the modular blockchain Sophon, based on ZKsync, announced the completion of its mining migration and the start of its second phase. Mainnet mining is now open. Previously, Sophon announced a timeline for mining migration: at 7:59 on December 27th, the L1 mining withdrawal window would be closed; all remaining assets would automatically cross-chain to the Sophon mainnet on December 27th, marking the end of SP point accumulation in phase one; mainnet mining would be opened on December 28th.
- 01:48The Shanzhai Coin Seasonal Index has risen to 48, up 1 point from yesterdayCoinmarketcap data shows that the Altcoin Season Index is currently at 48, up 1 point from yesterday, and has not entered a clear altcoin season. The index shows that in the past 90 days, about 48 of the top 100 cryptocurrencies by market value have outperformed Bitcoin. The CMC Cryptocurrency Altcoin Season Index is a real-time indicator based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days. It is commonly used to determine whether the current cryptocurrency market is in an altcoin-dominated season.
