The Protocol: How Optimism Filled in Its Missing Tooth

In this week’s newsletter, we delve into the Ethereum layer-2 network Optimism’s delivery of “fault proofs,” a piece of functionality that was glaringly missing even though it was at the heart of the project’s security setup.Source

Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains

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Bitcoin Miners Cash in on BTC Rally as Crypto Exchange Transfers Hit Two-Month High

Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as BTC hovered around its local high $70,000.Source

U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K

Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.Source

Bitcoin ETFs See $200M Net Outflows in Fed, CPI Jitters

The eleven ETFs recorded $200 million in net outflows on Tuesday, the highest since May 1 figures of $580 million.Source

Donald Trump Says He Wants All Remaining Bitcoin to Be ‘Made in USA’

Early Tuesday Trump met executives from Nasdaq-listed bitcoin mining firm CleanSpark Inc. and Riot Platforms.Source

Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for ‘Wild Wednesday’ of FOMC, CPI Report

Tomorrow’s Fed “dot plot” of interest rate projection and forward guidance by Chairman Powell will be key for what’s next for the digital asset market, K33 Research said.Source

Will Trump Trounce Biden? Polymarket Traders Are Betting on It.

With a 56% chance of winning, according to the prediction market’s traders, the former president has a 22-point lead over the incumbent, far bigger than what the polls indicate.Source

Crypto Mixers, Privacy Coins, Layer 2s Complicate Tracing for Law Enforcement, EU Innovation Hub Says

Separately, France’s markets regulator said crypto remains a high risk for money laundering.Source