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Share link:In this post: The U.S. unemployment rate rose to 4.1% in June, the highest since November 2021, despite an increase of 206,000 jobs. Long-term unemployment increased, and racial disparities in joblessness persisted, with higher rates for Black and Asian workers. Federal Reserve officials remain cautious about adjusting interest rates.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this
Quick Take News of Mt Gox moving to repay creditors has sparked a broad crypto market sell-off. Market makers and investors, however, remain cautiously optimistic about bitcoin’s prospects.
The Grayscale Ethereum Trust (ETHE) discount to net asset value (NAV) has quietly become a premium ahead of an anticipated spot ETF launch.The ETHE premium to NAV hit 0.31% on July 3, according to YCharts data.
Price corrections continued in the wider cryptocurrency market, despite equity indices testing new highs following the release of U.S. non-farm payrolls data.
The commencement of Mt Gox distributions comes as BTC struggles to remain above $54,000 after plunging roughly 5% in the past 24 hours.
- 09:57Ceffu has transferred 1,071 Bitcoins from the associated wallet to CEX, worth approximately 88.43 million US dollarsGolden Finance reports, according to Whale Alert monitoring, the Ceffu associated wallet transferred 1,071 Bitcoins to CEX, worth approximately $88,434,247.
- 09:19Matrixport: Global liquidity has improved, but the Meme coin market still shows no signs of recoveryChainCatcher news, Matrixport report reveals that despite the recent weakening of the dollar driving a rebound in global liquidity indicators and slight improvements in inflation data, the meme coin sector within the cryptocurrency market remains sluggish with no signs of recovery. The report points out that after reaching its peak in early December 2024, the altcoin market began to decline. The meme coin bubble burst in January this year, causing the total market value of cryptocurrencies to decrease from 3.6 trillion dollars to 2.6 trillion dollars. Although Pump.fun platform based on Solana has generated over $582 million revenue in past 12 months, its recent income growth has rapidly declined. The report also mentions that hedge fund liquidation arbitrage positions are a major driver of recent Bitcoin selling pressure which may be nearing maximum intensity.
- 09:11The 9 tokens purchased by World Liberty Financial currently have a total loss of 124 million US dollarsGolden Finance reports that according to Lookonchain data, the crypto project World Liberty Financial, supported by Trump, has lost a total of $124 million from the 9 tokens it purchased. The biggest losses include ETH, WBTC and AAVE.