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OP Mainnet tests 'fault proofs' in bid to strengthen network security
OP Mainnet tests 'fault proofs' in bid to strengthen network security

OP Labs released fault proofs on the OP Sepolia testnet, planning future implementation on the OP Mainnet. Fault proofs serve as security mechanism for Layer 2 networks, enabling users to contest incorrect transactions.

The Block·2024/03/20 08:36
Bitcoin, Ether fall while spot bitcoin ETFs log record outflows
Bitcoin, Ether fall while spot bitcoin ETFs log record outflows

Bitcoin, Ether and other top 10 cryptocurrencies marked large losses as of Wednesday afternoon in Asia.Spot bitcoin ETFs saw the largest overall fund outflow since debut.Two experts pegged Solana fever as a factor behind the price drop.

The Block·2024/03/20 07:04
BTC price dip hits 17.5% as week's Bitcoin ETF net outflows near $500M
BTC price dip hits 17.5% as week's Bitcoin ETF net outflows near $500M

Bitcoin bulls brace for macro turbulence with the BTC price correction passing $12,000 versus recent all-time highs.

Cointelegraph·2024/03/20 06:43
Biggest ETF outflow: At this rate, Grayscale will be out of Bitcoin in 4 months
Biggest ETF outflow: At this rate, Grayscale will be out of Bitcoin in 4 months

The ETF’s record outflow day came as Bitcoin hit a U.S. trading day low of nearly $62,000 as it continues to slide after hitting a high last week.

Cointelegraph·2024/03/20 06:28
Flash
10:19
Polymarket predicts a 36% probability on the event "Bitcoin drops to $55,000 in June."
BlockBeats News, June 10th, as Bitcoin briefly dropped below $61,000, the prediction on Polymarket for "Bitcoin dropping to $55,000 in June" had a 36% probability (4% on June 2nd). Furthermore, the probability of dropping to $50,000 was 16%, and the probability of rising to $65,000 was 57%.
10:00
"ETH Long" Buddy Faces Partial Liquidation Again, Cumulative Loss Reaches Nearly $35 Million
BlockBeats News, June 10th, according to Onchain Lens monitoring, as the market declined, "Big Brother Whale" Huang Li Cheng's 25x ETH long position was partially liquidated again. He also closed most of his position, and is currently facing a loss of approximately $35 million.
09:55
Tonight, ahead of the CPI data release, the probability of a Fed interest rate hike this year is 68.8%.
BlockBeats News, June 10th, according to CME's "FedWatch" data, the probability of a Fed rate hike within the year is 68.8% tonight before the announcement of the May CPI data in the United States. The probabilities are as follows: 43.1% for a cumulative 25 basis point hike, 21.2% for a cumulative 50 basis point hike, 4.2% for a cumulative 75 basis point hike, and 0.3% for a cumulative 100 basis point hike. The U.S. Bureau of Labor Statistics will announce the May CPI data tonight at 20:30. The market generally expects the May CPI to rise by 0.5% month-over-month, with a year-over-year growth rate of 4.2%. If this expectation is met, it will be the first time the U.S. CPI has returned to above 4% since May 2023, reaching the highest level since April 2023. As for the core CPI, the market expects a 0.3% month-over-month increase in May, with a year-over-year growth rate of 2.9%.
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