U.S. Challenger Job Cuts Month Rate for May

BTCFi aims to activate the potential financial value of Bitcoin, transforming idle Bitcoin into productive assets and providing returns to holders. Compared to Ethereum, the DeFi development of Bitcoin is relatively lagging, but with increasing institutional demand and technological upgrades, the BTCFi ecosystem is rapidly growing, promoting the application of Bitcoin in Decentralized Finance through new products such as compliant custody and ETFs. This shift will greatly enhance the activity and on-chain economic potential of Bitcoin.

The crypto economy is not only a technological revolution but is also affected by cyclical fluctuations, and ordinary investors need to have investment knowledge. The Fed's interest rate hikes have led to a bear market, causing capital to flow out of the crypto market. Nevertheless, Ethereum's zkRollup solution still has prospects in the context of Web3.0, facing challenges in efficiency and data storage, requiring an independent data layer to drop transaction costs.

Recently, the Federal Reserve System of the United States announced the termination of its plan to strengthen the review of banks regarding Crypto Assets, a decision widely seen as favourable information for the Crypto Assets industry. However, surprisingly, the current market is showing a downward trend, sparking extensive discussions among industry insiders. This seemingly contradictory phenomenon actually reflects a common misconception among investors and market participants: an excessive focus on short-term fluctuations and immediate information, while ignoring more valuable long-term market signals. In fact, the development of the Crypto Assets market has always been full of ups and downs, and a single event is often difficult to immediately change the overall trend. It is noteworthy that the latest released US Producer Price Index (PPI) year-on-year for July exceeded expectations, which may have some impact on the Crypto Assets market. At the same time, the price fluctuations of mainstream Crypto Assets such as Bitcoin (BTC) and Ethereum (ETH) have also attracted the attention of investors. In addition, some Crypto Assets investment companies are adjusting their holding strategies, such as the recent increase in holdings by Bitcoin Treasury, which may indicate institutional investors' confidence in the long-term prospects of the market. Despite the current market being in a correction phase, many analysts believe that the Federal Reserve's policy shift may bring more opportunities for the Crypto Assets industry in the medium to long term. It could not only encourage traditional financial institutions to engage more actively in the Crypto Assets market but also promote the improvement of related regulatory frameworks, thereby laying the foundation for the healthy development of the entire industry. For investors, while paying attention to short-term market fluctuations, they should focus more on the long-term factors such as the progress of Crypto Assets technology, the expansion of application scenarios, and changes in the global regulatory environment. Only by fully understanding market dynamics can one make informed decisions in this field full of opportunities and challenges.

Bitcoin reached a new high on July 11, exceeding $118,400, as the market once again focuses on its scarcity and safe-haven attributes. The rise is driven by multiple factors including institutional funds, a warming interest in ETFs, and U.S. policies, with analysts predicting a potential surge to $230,000 in the future. The supply of Bitcoin is limited, and the overall supply-demand dynamics are becoming increasingly tight, marking the maturation of the crypto assets market. Investors need to cautiously understand the risks and market dynamics.

20,000 BTC for El Salvador incoming‼️