Stable job growth and unemployment may delay Fed rate cuts, but declining 
labor participation could signal underlying economic challenges.
The post US jobs report set to reveal solid growth and steady unemployment 
rate appeared first on Crypto Briefing.

Stable job growth and unemployment may delay Fed rate cuts, but declining labor participation could signal underlying economic challenges. The post US jobs report set to reveal solid growth and steady unemployment rate appeared first on Crypto Briefing.

US jobs report set to reveal solid growth and steady unemployment rate

The Bitcoin network received a fresh difficulty bump this week at block height 
951552, with the protocol dialing things up by 1.72%. Meanwhile, the network’s 
hashrate kept flexing its muscles, climbing past the 1,000 exahash per second 
(EH/s), or 1 zettahash per second (ZH/s) threshold. Bitcoin Difficulty Nears 
139 Trillion and Sees Industry Transformation Bitcoin’s […]

The Bitcoin network received a fresh difficulty bump this week at block height 951552, with the protocol dialing things up by 1.72%. Meanwhile, the network’s hashrate kept flexing its muscles, climbing past the 1,000 exahash per second (EH/s), or 1 zettahash per second (ZH/s) threshold. Bitcoin Difficulty Nears 139 Trillion and Sees Industry Transformation Bitcoin’s &#8230;

Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure

Iran&#8217;s control over the Hormuz Strait could escalate regional tensions, 
impacting global oil supply and maritime security dynamics.
The post Iran reasserts control over Hormuz Strait amid US tensions appeared 
first on Crypto Briefing.

Iran&#8217;s control over the Hormuz Strait could escalate regional tensions, impacting global oil supply and maritime security dynamics. The post Iran reasserts control over Hormuz Strait amid US tensions appeared first on Crypto Briefing.

Iran reasserts control over Hormuz Strait amid US tensions

Senator Cynthia Lummis said Congress may not get another real chance to pass 
digital asset legislation until 2030 if the CLARITY Act fails. Lummis, in a 
post on X, said Congress faces a narrow window to move the Digital Asset…

Senator Cynthia Lummis said Congress may not get another real chance to pass digital asset legislation until 2030 if the CLARITY Act fails. Lummis, in a post on X, said Congress faces a narrow window to move the Digital Asset…

Crypto rules face 2030 Risk if CLARITY Act stalls, Lummis says

The $12.6 million in USDC was likely frozen in connection with an ongoing but 
unrelated civil court case, according to onchain sleuth ZachXBT.

The $12.6 million in USDC was likely frozen in connection with an ongoing but unrelated civil court case, according to onchain sleuth ZachXBT.

Circle freezes $12.6M of USDC linked to privacy protocol Zama

The crypto market seems to be returning to its bearish structure as the year’s 
second quarter has worn on, with large-cap assets taking most of the hit in 
the past few weeks. With this grim market backdrop, the XRP token has lost 
nearly 10% of its value over the last two weeks. What’s interesting is, 
despite its disappointing recent form, the altcoin is being earmarked as one 
of the assets overvalued by the market in the moment. According to the latest 
on-chain data, the XRP token could witness a repricing over the coming weeks. 
NVT Ratio Climbs 20% In A Single Week In a Quicktake post on the CryptoQuant 
platform, CryptoOnchain hypothesized that XRP appears to have entered the 
“overvalued” territory. The market analyst said that the altcoin is exhibiting 
increasing divergence between its network’s market valuation and actual 
fundamental utility. Related Reading: Can Ethereum Reclaim Its 2021 Highs 
Against Bitcoin As Fundamentals Strengthen? This evaluation is based on 
significant changes in the Network Value to Transactions (NVT) ratio, which 
measures an asset’s network value (market cap) relative to the daily volume 
transacted on the network. This on-chain indicator provides insight into XRP&#8217;s 
valuation conditions. According to CryptoQuant data, the XRP NVT ratio has 
been steadily rising over the past week, posting a 20.3% jump relative to its 
3-month baseline. “This structural rise in NVT occurs while the price attempts 
to consolidate near the $1.33 level,” CryptoOnchain wrote in the Quicktake 
post. Typically, a rising NVT ratio suggests that the market or investors are 
pricing the digital asset higher than the actual value of the assets being 
transferred on the network, indicating overvaluation. CryptoOnchain, however, 
noted that the increasing Network Value to Transactions indicator doesn’t tell 
the complete story. A look at XRP’s exchange activity shows a dearth of spot 
market participation; for instance, CryptoQuant data show that Binance inflows 
and outflows have both fallen by roughly 98% compared to their 3-month 
averages. Meanwhile, active deposit addresses on the world’s largest crypto 
exchange have declined by 94%. According to CryptoOnchain, the combination of 
the rising NVT metric and a decline in spot market participation suggests that 
the XRP price lacks fundamental support from active investors or network 
usage. With this setup, the altcoin is in a dangerous position, which could 
see its price fall to lower levels as it seeks its fair value. XRP Price At A 
Glance As of this writing, the price of XRP stands at around $1.32, reflecting 
no significant movement in the past 24 hours. Related Reading: Solana Clings 
To Critical Multi-Year Support As Breakout Pressure Builds Featured image from 
iStock, chart from TradingView

The crypto market seems to be returning to its bearish structure as the year’s second quarter has worn on, with large-cap assets taking most of the hit in the past few weeks. With this grim market backdrop, the XRP token has lost nearly 10% of its value over the last two weeks. What’s interesting is, &#8230;

US jobs report set to reveal solid growth and steady unemployment rate

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