Wu Blockchain Daily Highlights Crypto News - US June PPI Annual Rate at 2.3%, a New Low Since September 2024
Powered by ChatGPT1. US PPI Annual Rate for June is 2.3%, a New Low Since September 2024
The US PPI annual rate for June is 2.3%, a new low since September 2024, with an expected rate of 2.5%, and a previous value revised from 2.60% to 2.7%. The US PPI monthly rate for June is 0%, a new low since January, with an expected rate of 0.20%, and a previous value revised from 0.10% to 0.3%.
2. House Procedure Motion Fails to Pass, Impeding Progress of Crypto Bill Review
Republicans in the US House of Representatives failed to pass a procedural motion to prevent bills, including multiple crypto bills and defense spending bills, from entering the formal review process. The vote resulted in 196 votes in favor and 222 votes against.
3. Bitcoin Proposal Suggests Freezing Bitcoin Vulnerable to Quantum Attacks, Including Satoshi Nakamoto's Holdings
Casa co-founder and CTO Jameson Lopp, along with five developers, proposed a Bitcoin improvement proposal to address the threat of quantum computing, suggesting a gradual phasing out of current address types deemed "quantum vulnerable." The proposal advocates for establishing incentive mechanisms to encourage users to migrate to post-quantum secure addresses, and in the future, it will prohibit transfers to old addresses and restrict their spending within five years. The proposal points out that approximately 25% of Bitcoin is currently at risk, including 1 million $BTC believed to belong to `Satoshi Nakamoto`.
4. QCP: Bitcoin Will Form Stronger Support if it Retraces to $110,000.00
QCP analysis indicates that Bitcoin briefly retraced after breaking through $120,000.00, finding support near $114,000.00. The Dollar Index has fallen 10% year-to-date, driving strong performance in dollar-denominated assets, including US stocks, gold, and Bitcoin. The dollar is currently at risk of rebounding, and if the dollar rises rapidly, it may drive a synchronous pullback in risk assets. In addition, QCP maintains a structurally bullish view on $BTC, believing that a retracement to $110,000.00 will form stronger support. $ETH is also performing strongly, boosted by continued corporate accumulation.