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1. U.S. June Unadjusted Core CPI Annual Rate Announced at 3.3%, Below Expectations link The United States announced the unadjusted core CPI annual rate for June at 3.3%, slightly below the expected 3.40% and down from the previous 3.40%. The seasonally adjusted CPI monthly rate came in at -0.1%, against a forecast of 0.10% and a previous value of 0.00%. The seasonally adjusted core CPI monthly rate for June was 0.1%, compared to an expected 0.20% and the previous 0.20%. The unadjusted CPI annual rate for June was 3%, slightly below the forecast of 3.10% and down from the previous 3.30%. June’s unadjusted core CPI annual rate has fallen to its lowest level since April 2021. The seasonally adjusted core CPI monthly rate at 0.1% is the lowest since August 2021. QCP Capital noted that Thursday evening’s CPI release has garnered market attention, predicting a 70% probability of a rate cut in September. Despite continued gains in the stock market, the crypto market has yet to reflect this op...

On April 15th, the Hong Kong SFC approved three institutions to issue Bitcoin and Ethereum spot ETFs. Unlike the United States, which has not approved Ethereum ETFs and allows only cash settlement, Hong Kong’s move to allow both Bitcoin and Ethereum ETFs with physical delivery has drawn global attention. OSL is the first compliant and licensed cryptocurrency exchange in Hong Kong. The SFC mandates that ETF issuers must trade and custody through compliant exchanges. Among the three approved BTC/ETH ETF issuers, two are collaborating with OSL. In this session, we spoke with OSL CEO Patrick Pan and OSL ETF business head Wayne Huang. The original text is in Chinese, translated using ChatGPT, and may contain errors. Please listen to Youtube for the full podcast: Background information: The three institutions that have received provisional approval this time are Harvest Global Investments, Bosera Asset Management (International), and ChinaAMC(Hong Kong), all of which will issue Bitcoin spot ...

Today, Luke Dashjr posted a tweet： “‘Inscriptions’ are exploiting a vulnerability in #Bitcoin Core to spam the blockchain. Bitcoin Core has, since 2013, allowed users to set a limit on the size of extra data in transactions they relay or mine (`-datacarriersize`). By obfuscating their data as program code, Inscriptions bypass this limit. This bug was recently fixed in Bitcoin Knots v25.1. It took longer than usual due to my workflow being severely disrupted at the end of last year (v24 was skipped entirely). Bitcoin Core is still vulnerable in the upcoming v26 release. I can only hope it will finally get fixed before v27 next year.” Somebody commented as follows: “So if this ‘bug/vulnerability’ is fixed, does it mean ordinals and brc-20 token would stop being a thing?” Luke Dashjr replied:”Correct.” It is known that in September of this year, Luke submitted a pull request (PR) to the Bitcoin Core Github repository: “Updates -datacarriersize to be effective with newer datacarrying style...

On August 3, the HashKey and OSL trading platforms announced that the No.1 and No.7 licenses were officially upgraded to become licensed trading platforms for retail users in Hong Kong. The HashKey trading platform will also cooperate with Standard Chartered Bank and Morgan Stanley Asia ZA BANK to provide users with fiat currency deposit and withdrawal services. In addition, the platform also opens compliant OTC transactions. After the opening of retail trading, what are the highlights in the coming year. 1. Possible Tokens for Retail Trading According to new regulations issued by Hong Kong in March, licensed platform operators wishing to provide virtual assets to retail customers must ensure that the selected virtual assets are qualified major virtual assets and meet the following specific token inclusion criteria: “Qualified major virtual assets” refer to virtual assets included in at least two “accepted indices” launched by at least two independent index providers; licensed platfor...

Author | Yu Jianing, the original President of Huobi University and the Founder of Uweb (University of Web3) Translate | WuBlockchain Original link： https://twitter.com/Web3DrJN/status/1677209705947758595 1、About the SEC lawsuits against Coinbase and Binance, is this the final bad news? These two lawsuits don’t constitute a bearish scenario in the industry fundamentals. Restrictive policies only temporarily affect market sentiment, and regulatory measures arise from chaos, there’s no such thing as a last time. The market moves forward after consolidating its base post a correction. Regarding digital asset regulation, the US has always been a global benchmark. Following Hong Kong’s adoption of Web3 policy, it appears to have influenced the pace of regulation within the US. As the US election year approaches, it’s difficult to see a short-term resolution of divergent regulatory bodies; For the SEC’s law enforcement action, I am more focused on Coinbase’s and SEC’s Law is Law’s battle. A ...

1. ETH’s Weekly Summary a. Arbitrum Pays $9 Million in Gas Fees to Ethereum in May link According to Token Terminal data, in May, Arbitrum paid approximately $9 million in supplier fees to Ethereum, while Optimism paid around $4.5 million, both reaching all-time highs. Ethereum operates similarly to SaaS 2.0, charging L2 (Layer 2) networks about 80% of the fees, with users paying L2 fees where 80% serves as security cost for Ethereum and the remaining 20% is allocated as profit for the L2 sequencer. b. Ethereum Developers Reach Consensus on Full Scope of Dencun Upgrade link On June 8th, Ethereum developers reached a consensus on the full scope of the Dencun upgrade, which includes five Ethereum Improvement Proposals (EIPs) aimed at increasing data storage capacity and reducing fees. The core of the Dencun upgrade is EIP-4844, proto-danksharding, which expands the blockchain by freeing up more space for “blob” data and is expected to lower gas fees for L2 aggregations. EIP-1153 focuses ...

1. ETH’s weekly summary a. Ethereum Conference EDCON 2023 to be held in Podgorica, Montenegro in May link Vitalik and other eight members of the EF confirmed to attend the Ethereum Conference EDCON 2023 held in Podgorica, Montenegro in May. This is the first time Vitalik Buterin has been seen in public since February 12 in Denver. Coincidentally, Terra founder Do Kwon has just been arrested in Podgorica, Montenegro and is currently being held in prison. b. Flashbots rolls out MEV-Share to distribute profits with Ethereum users link On April 20, Flashbots launched a beta version of the MEV-Share protocol to distribute MEV profits to Ethereum users. The protocol is incorporated into Flashbots Protect, an RPC tool integrated with user wallets aimed at defending against frontrunning transactions. MEV-Share achieves this by allowing users to control the transactions they execute on the Ethereum network. c. Ethereum Foundation plans to bring Devconnect to Istanbul, Turkey link On April 20, t...