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On the Margin Newsletter: A look at crypto’s performance halfway through 2024
On the Margin Newsletter: A look at crypto’s performance halfway through 2024

Plus, what the latest economic data means for interest rates

Blockworks·2024/07/05 16:52
U.S. unemployment rate hits 4.1%, highest since 2021
U.S. unemployment rate hits 4.1%, highest since 2021

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

Cryptopolitan·2024/07/05 16:22
Despite Mt Gox sell-off, market makers and investors are cautiously optimistic on BTC
Despite Mt Gox sell-off, market makers and investors are cautiously optimistic on BTC

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 Block·2024/07/05 15:55
Grayscale Ethereum Trust discount to NAV quietly switches to a premium ahead of anticipated spot ETF launch
Grayscale Ethereum Trust discount to NAV quietly switches to a premium ahead of anticipated spot ETF launch

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.

The Block·2024/07/05 14:07
Crypto price correction continues despite equity indices gaining on robust US non-farm payrolls data
Crypto price correction continues despite equity indices gaining on robust US non-farm payrolls 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 Block·2024/07/05 13:49
More Details About the Mt. Gox Bitcoin Repayments: What’s Next?
More Details About the Mt. Gox Bitcoin Repayments: What’s Next?

The commencement of Mt Gox distributions comes as BTC struggles to remain above $54,000 after plunging roughly 5% in the past 24 hours.

Cryptopotato·2024/07/05 12:46
Flash
04:42
Governor of the Reserve Bank of India: Business expectations remain optimistic, service exports show good performance, the economy demonstrates resilience, rising energy prices and supply disruptions will put pressure on economic activity, the overall impact depends on the duration of the conflicts, and insufficient monsoon rainfall is expected to affect rural demand.
The Governor of the Reserve Bank of India stated: Business expectations remain optimistic, service exports are performing well, the economic situation demonstrates resilience, rising energy prices and supply disruptions will put pressure on economic activity, the overall impact depends on the duration of the conflict, and insufficient monsoon rainfall is expected to affect rural demand.
04:42
ZODL founder: The ZEC vulnerability is not a flaw in the underlying cryptography or the proof generation engine
```htmlJinse Finance reported that on June 5, ZEC suffered a 30% drop due to the unlimited forgery vulnerability in the Orchard pool. Josh Swihart, founder of ZODL, stated that the Orchard vulnerability exists in one of its rules, which was written too loosely and allowed false information to be accepted and still pass verification. As a result, the engine might mistakenly consider fake transactions to be valid. In fact, someone may have forged ZEC in the Orchard transaction pool. This is a flaw in the handwritten rules, not an issue with the underlying cryptography or the proof-generating engine. The question is how to ensure such vulnerabilities do not happen again, and the best answer is formal verification. Tachyon is currently being built using formal verification, with a more concise and unified rulebook. Compared to Orchard, there are fewer special cases and complex details, meaning the entire rulebook can be perfectly verified mathematically. Several teams are already working on formally verifying Orchard's existing circuits. If verification is successful, launching a second Orchard pool in the near term may be the best solution before Tachyon. While Tachyon is more streamlined, a formally verified Orchard pool can serve as an effective transitional measure.```
04:34
Data: The current Crypto Fear & Greed Index is 13, indicating extreme fear.
ChainCatcher News, according to Coinglass data, the current Cryptocurrency Fear & Greed Index is 13, up 2 points from yesterday. The 7-day average is 19 and the 30-day average is 30.
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