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PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
- 08:00Matrixport: Ethereum may face greater challenges in 2025, and the rise in its price may encounter significant resistanceMatrixport officially stated on social media that the decline in Ethereum Gas fees reflects that its ecosystem activity remains sluggish after the upgrade in March 2024. Coupled with continued low transaction volume, ETH prices face significant resistance to substantial increases in 2025. Matrixport further stated that in 2024, Ethereum faced strong competition from alternative protocols such as Solana and Sui. These platforms successfully attracted more users, resulting in their tokens outperforming Ethereum throughout the year. Without significant positive news stimulation, Ethereum may continue to be at a disadvantage in 2025, while competing projects are expected to further expand their advantages.
- 07:58DWF Labs Partner: We are perfecting the development of AI proxy trading, which has been integrated into the DWF trading systemDWF Labs Managing Partner Andrei Grachev posted on the X platform stating that DWF Labs is perfecting the development of pioneering AI trading agents. These agents can successfully manage investment portfolios completely autonomously and are currently being integrated into the workflow of the DWF trading system.
- 07:56Data: TRON's total revenue reached 2.12 billion USD in 2024, an increase of 115.73% compared to the previous yearAccording to Lookonchain monitoring, in the past month, TRON Network's revenue was $329 million, an increase of 39.74% from the previous period. In 2024, Tron Network's total revenue reached $2.12 billion, a year-on-year increase of 115.73%.
