FameEX Morning Crypto News Recap | July 10, 2023

Anticipating an Unprecedented Surge: Bitcoin Mining Difficulty Set to Skyrocket, Erasing Recent Reduction
Bitcoin's next difficulty adjustment is anticipated to rise by 4.74% to 7.7%, nullifying the previous 3.26% reduction. At block height 797,733 on July 8, the network hashrate reached a new 24-hour pinnacle of 538 exahash per second (EH/s).

Eurozone Inflation to Surpass 2% Target for Next 2 Years, Acknowledges ECB's Lagarde
The European Central Bank's governor acknowledges that Eurozone inflation, despite a decline, will likely stay above the target for the next two years. To combat this, additional measures are necessary to control the persistent inflationary trend, despite consumer expectations remaining stable.

Renowned Investor Jim Rogers: US to Face Suffering as Dollar's Value Continues to Decline
Experienced investor Jim Rogers warns of forthcoming challenges for the U.S. economy. Anticipating continued depreciation of the dollar, he emphasizes that inflation and debt problems will exacerbate, resulting in a period of hardship for the United States.

Crypto Industry Thrives: 10,000 Companies and 190,000 Professionals Drive Valuation to $180 Billion
A comprehensive report from K33 Research reveals that the cryptocurrency industry encompasses roughly 10,000 companies and employs around 190,000 professionals as of July 2023. With a combined valuation of $180 billion, this report offers a detailed overview of the crypto landscape.

Treasury Secretary Yellen: BRICS Currency Poses No Threat to US Dollar Dominance
US Treasury Secretary Janet Yellen affirms the unchallenged dominance of the US dollar, including in relation to the proposed BRICS currency. Yellen highlights the extensive global usage of the dollar based on current data and asserts that no viable alternative exists to replace it in the foreseeable future.

Gold Outlook: World Gold Council's Mid-Year Report Foresees Neutral Second Half in the Face of Economic Uncertainty
World Gold Council's 2023 Mid-Year Outlook anticipates a neutral second half for gold after a robust beginning. WGC researchers observe that central banks are nearing the end of their tightening cycles, while market consensus indicates a mild US contraction in late 2023.

JPMorgan Analysts: Spot Bitcoin ETF Approval Expected to Have Limited Impact on Crypto Markets
JPMorgan analysts believe that the SEC's approval of a spot bitcoin ETF would have limited influence on crypto markets. They note the lack of significant investor interest in similar international ETFs, suggesting that the impact may not be substantial.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.