News

Golden Ten Data reported on July 1 that BeiChen Lin, Senior Investment Strategist at Russell Investments, stated in a report that U.S. employment growth in June is expected to remain strong, which means inflation may continue to play a dominant role in determining the Federal Reserve's policy path. He said: "If the labor market remains robust, inflation is likely to become the key factor influencing the Federal Reserve's next move." He added that, given the recent increase in merger and acquisition activity, IPOs, and debt issuance, one point worth watching is whether employment growth in the financial services sector is accelerating. The related data will be released on Thursday.

Odaily reported that data shows XRP open interest has dropped from about $1.3 billion to below $150 million. Network and institutional-related indicators have improved, with daily active addresses increasing by approximately 72% since mid-June. On June 29, the XRP spot ETF recorded a $15.34 million capital inflow. (CoinDesk)

According to Bitcoin News, Bitcoin Core contributor and BIP maintainer Jon Atack advises users to avoid Bitcoin transfers during the second week of August until the potential chain reorganization risk subsides. Jon Atack said he will be running both the Core and Knots version 110 to monitor the situation and will keep his Bitcoin holdings isolated. Jon Atack emphasized that independent thinking and selecting a priority approach are key to tackling complex issues.