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Share link:In this post: U.S. inflation is slowing, but debates about Biden’s ability to challenge Trump overshadow the good news. The IMF warns the U.S. must address its high debt levels, with the debt-to-GDP ratio predicted to hit 140% by 2032. Voters prioritize the economy, with Trump trusted over Biden by 41% to 37% on economic issues. Bitcoin struggles in a tight range, with fears of further drops due to a supply overhang in July.Disclaimer. The information provided is not trading advice. Cryptopolita
Quick Take This is an excerpt from the fifth edition of The Funding newsletter sent to our loyal readers on June 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Share link:In this post: Bitcoin spot ETFs saw a $73 million inflow on June 28, with varying activity across different funds. Grayscale ETF GBTC had a $27 million outflow, while BlackRock ETF IBIT saw an $82 million inflow. The US government transferred 3,940 Bitcoin to Coinbase Prime on June 26, flagged by Arkham Intelligence. The SEC is cautiously approving Bitcoin and Ether ETFs but remains uncertain about other tokens like Solana.Disclaimer. The information provided is not trading advice. Cryptopolitan
- 02:49Market News: CANARY SUI ETF registered in DelawareGolden Finance reports, according to market news, CANARY SUI ETF is registered in Delaware.
- 02:44Sun Yuchen bought 250,000 OM for the first time and after 9 months, he bought AAVE againOdaily Planet Daily reports that according to Spot On Chain monitoring, Sun Yuchen's wallet received 250,000 OM (worth $1.72 million) and 2,500 AAVE (worth $535,000) from the exchange multi-signature wallet four hours ago. This marks the first time Sun Yuchen has held OM tokens and also his first major operation related to AAVE in nine months.
- 02:41After Trump established a Bitcoin strategic reserve, MicroStrategy's stock price MSTR fell by more than 7%Odaily Planet Daily reports that after President Trump signed an executive order to establish a strategic Bitcoin reserve, MicroStrategy's stock MSTR fell by more than 7%. As the largest holder of Bitcoin in the United States, the company's stock price is sensitive to changes in Bitcoin-related policies.