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Institution: US inflation data falls to a three-year low, but the cryptocurrency market reacts lukewarmly

ChainCatcher news, despite the U.S. inflation rate dropping to its lowest level in three years, the financial markets have yet to react even as investors hope for a potential rate cut by the Federal Reserve. Particularly in the crypto market, there has been virtually no impact from this news, with Bitcoin and others quickly recovering their upward momentum after a brief decline. The cryptocurrency market's muted response to the inflation report is partly due to growing investor interest in the bond market, as well as the brewing storm of the U.S. presidential election.Harris's strong performance in the recent debate has reignited hopes for the Democrats to win the White House, which is seen as a possible harbinger of dovish monetary policy. Conversely, if Trump wins re-election, it could increase government spending and subsequently put upward pressure on interest rates. U.S. Treasury yields have been directly impacted by this shift in investor sentiment, and this sudden change in market mood indicates a significant shift in investor attitudes, exacerbating pessimism about the economy and the general expectation of lower borrowing costs.Market observers note that caution remains the prevailing sentiment in the market. Investors are exercising restraint, choosing to wait for clearer signals before rebalancing their portfolios. (Jin Shi)

Bitcoin Core developer Luke Dashjr's proposal to limit inscriptions was not approved, and opinions among inscription developers are mixed

ChainCatcher news, the proposal "datacarriersize: Match more datacarrying #28408" initiated by Bitcoin Core developer Luke Dashjr discussed the issue of whether to restrict inscriptions. After discussions among several Bitcoin Core developers, it was not approved, and the proposal is currently marked as closed.It is reported that Bitcoin Core developer Ava Chow summarized and closed this PR, stating that it is clear this proposal is controversial, and given the current situation, it is impossible to reach a conclusion that satisfies everyone, believing there is no need to continue the discussion.Additionally, another Bitcoin Core code maintainer, gloria, summarized this PR.Supporting Luke's viewpoint are:Stop inscriptions; they are spam;Inscriptions and embedded data can harm the network;People want this: there is user demand and specific use cases that Bitcoin Core should provide; another option is for people to write and run patches, but this may be unsafe;This is just fixing the data carrier size to work as intended;Opposing Luke's viewpoint are:This will not stop inscriptions; miners are unlikely to adopt this strategy as it is incompatible with incentives;We cannot write code to detect all embedded data;This PR changes the default mempool policy, posing potential harm to individual node operators and the network;Other opposing viewpoints include:Generally speaking, using mempool policies to block usage is ineffective;Attempting to "review" transactions based on usage is inappropriate; the free market determines the use of Bitcoin;This also changes the operation of -datacarriersize executed from underlying users.
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