New forensic research published yesterday suggests that Hal Finney might not have been the second person to run a BTC node.

For 17 years, the man who tweeted “Running bitcoin” earned an unofficial title. In the eyes of many Bitcoin historians, Finney was the second person after creator Satoshi Nakamo to run a Bitcoin node.

Indeed, thousands of articles credit Finney as Bitcoin’s second participant.

However, it turns out that he might actually have been the third.

Although it is an indisputable, on-chain fact that Finney earned the first coinbase reward after Nakamoto for mining a block, forensic researcher Alex Waltz argues that another man was running a mining-capable node before Finney.

According to Waltz’s timestamps, although Dustin Trammell was running a node before Finney, an idiosyncratic network connectivity issue in Bitcoin software prior to version 0.1.3 prevented Trammell from connecting to Nakamoto’s nodes fast enough to outpace Finney.

Besides, both core and headline readings may be seen as stale, or backward looking, considering the recent slide in oil prices. WTI crude futures have dropped to $70, significantly below the $100-plus level seen during the Iran war in March and April. Headline inflation is expected to hit 4.1%, the highest since early 2023, driven largely by energy prices.

“The main question is less whether both headline and core go up—they are widely expected to—but rather how “stale” these numbers already are,” economist Mohamed A. El Erian, the former CEO of Pimco, noted on X.

“These numbers come before the recent sharp fall in oil prices, which will result in lower headline inflation and ease some of the pressures on core. The question being debated is by how much, including whether May will prove to be the peak inflation month.”

Beyond inflation numbers, watch out for volatility in Strategy’s common shares, MSTR, and preferred stock, STRC, plus AI names on Wall Street. MSTR is flashing a well-recognized major bearish pattern (Check the Daily Signal). Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

Key Highlights

• Meta Platforms is transitioning content moderation responsibilities to artificial intelligence powered by large language models
• Approximately 50% of content review tasks are currently managed by AI systems in 2026
• The social media giant aims to exceed 90% AI-driven moderation for specific content categories before year’s end
• This initiative aligns with broader cost reduction efforts as CEO Mark Zuckerberg invests heavily in AI development
• The company has eliminated approximately 8,000 positions (representing 10% of total staff) while maintaining Strong Buy analyst consensus at $815.82 target price

Meta Platforms is aggressively accelerating its transition toward AI-driven content moderation. The tech behemoth, valued at $1.4 trillion, is systematically replacing human content reviewers with advanced large language models throughout its social media ecosystem, based on reporting from the Financial Times this Thursday.

META shares experienced a 0.81% decline during trading.

Meta Platforms, Inc., META

The social media company has already transitioned approximately half of all human content moderation requests to artificial intelligence systems throughout this year. Industry observers anticipate this percentage could surge beyond 90% for particular content classifications prior to 2026’s conclusion.

This represents a significant timeline acceleration. Meta had previously communicated intentions to maintain human reviewers as part of its moderation framework, with initial projections suggesting a multi-year phased approach.

Traditionally, Meta deployed a combination of proprietary automated detection systems alongside human moderators — including external contract workers — to identify posts and advertisements violating platform policies. User dispute resolutions were similarly managed by human staff.

Currently, artificial intelligence systems are assuming the majority of these responsibilities.

Zuckerberg’s Vision for an AI-Powered Organization

The content moderation transformation represents one component of a comprehensive cost optimization and AI investment initiative championed by CEO Mark Zuckerberg.

Meta recently reduced its global employee count by 10%, eliminating roughly 8,000 positions. Zuckerberg has publicly attributed artificial intelligence technologies with generating substantial productivity improvements company-wide.

“I think that 2026 is going to be the year that AI starts to dramatically change the way that we work,” Zuckerberg said publicly.

The organization has allocated billions toward acquiring AI expertise and infrastructure development, with Zuckerberg articulating his ambition to create “personal superintelligence” — highly customized AI assistants tailored to individual users.

Reports also indicate Meta attempted implementing monitoring systems to track U.S.-based employees’ screen activity for productivity assessment purposes, though the initiative was abandoned following employee resistance.

Concerns Regarding Implementation Speed and Platform Security

The aggressive transition has encountered obstacles. A recent AI chatbot security incident at Meta has sparked concerns about whether the company is advancing too rapidly with AI deployment.

Meta’s artificial intelligence tools now serve multiple functions beyond standard moderation, including detecting fraudulent schemes and eliminating prohibited content. These responsibilities continue expanding.

The company’s moderation infrastructure has historically relied upon third-party contractors managing complex cases requiring nuanced judgment. The impact on these positions as AI assumes greater responsibilities remains unclear.

Wall Street analysts maintain strong confidence in the stock. META carries a Strong Buy consensus rating supported by 31 Buy recommendations and 6 Hold ratings from 37 analysts surveyed during the past three months.

The consensus price target stands at $815.82, suggesting approximately 46% potential appreciation from present trading levels.

Bitcoin has come under the influence of several factors simultaneously. The wave of selling at the beginning of June was linked to Strategy’s first disclosed Bitcoin sale in several years, a prolonged series of outflows from spot ETFs, and a large transfer of funds from a Mt. Gox wallet to a new address. The run of outflows from US spot Bitcoin ETFs became one of the longest and largest since these products were launched in January 2024.

Bloomberg Intelligence analyst James Seyffart noted that around $9 billion has exited Bitcoin ETFs since their peak, although most long-term fund investors have chosen to maintain their positions.

Technical picture

On the H4 chart of BTC/USD, an ascending corrective channel formed after an impulsive decline towards the $59,000 area. Price subsequently advanced to the upper boundary of the channel at $67,250, but failed to hold those levels. The channel was then broken to the downside, with quotations moving towards a test of the lower boundary of the current profile at $60,800.

The Point of Control (POC) is concentrated in the $62,700–$62,800 area and could attract market attention if price rebounds from the lower boundary.

The upper boundary of the profile is located near $64,180 and could act as resistance if the POC zone is breached. The RSI + MAs indicator stands at 34, 37 and 42 respectively. The oscillator remains below the neutral zone but has recovered from oversold territory, while the moving averages remain bearish and continue to point lower.

At the same time, vertical volume surged sharply during the decline on 24 June, which may have been interpreted by market participants as a sign that the local downtrend was nearing completion.

Summary

The unusually high volume recorded on 24 June, combined with the current RSI position, does not provide strong confirmation that the latest local impulse will continue, although the moving averages remain pointed lower for now.

Further price action may be influenced by upcoming US inflation data, as well as flows into Bitcoin ETFs, which experienced record outflows during June.

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Quick Summary

• Precious metal breached the $4,000 threshold for the first time since November 2025
• Yellow metal has plummeted approximately 30% from its January peak of $5,595.46
• Dollar strength at 13-month highs is pricing out international purchasers
• Traders now see 66% probability of Federal Reserve tightening by September
• Declining geopolitical risk premium has diminished safe-haven buying interest

The precious metal market is experiencing significant downward pressure as the strengthening U.S. dollar combined with mounting anticipation of Federal Reserve monetary tightening drives prices to their lowest point in seven months.

Spot gold declined 0.2% to settle at $3,984.83 per ounce during Thursday’s trading session. U.S. Gold Futures remained largely unchanged, hovering around the $4,008 level.

The yellow metal crashed through the psychologically significant $4,000 barrier on Wednesday, marking its first breach of this level since November 2025. Market participants had been closely monitoring this threshold as a critical support zone.

The precious metal has experienced a dramatic decline of nearly 30% from its all-time high of $5,595.46 recorded in January 2026. This represents a substantial correction within a relatively compressed timeframe.

The U.S. dollar’s performance has emerged as a primary catalyst behind the selloff. The currency has reached a 13-month peak following six consecutive sessions of appreciation.

A robust dollar increases the cost of gold for international buyers operating in alternative currencies. This dynamic typically suppresses demand for the precious metal.

Federal Reserve Policy Expectations Pressure Precious Metals

Market participants are currently assigning approximately one-third probability to an interest rate increase in July. These odds escalate to 66% for policy tightening by September, based on CME FedWatch analytical data.

Elevated interest rates create headwinds for gold since the commodity generates no income stream. As rates climb, investors can secure superior returns from fixed-income securities and cash equivalents, diminishing gold’s relative appeal.

ANZ research team noted that worries surrounding persistent inflationary pressure have triggered a “re-rating of monetary policy expectations.” They further observed that the Federal Reserve’s hawkish posture seems to have “derailed the debasement trade” that previously supported gold valuations.

ING market strategists indicated that gold’s underperformance demonstrates how market sentiment has pivoted away from defensive positioning toward focusing on the implications of rising rates and restrictive financial conditions.

Diminishing Geopolitical Risk Premium

Decreasing tensions across Middle Eastern regions have contributed to the downward trajectory. Advancement in U.S.-Iran diplomatic negotiations has eliminated portions of the risk premium that had underpinned gold valuations during the earlier months of this year.

Weakening oil prices have reinforced this transition. Investors demonstrate reduced appetite for gold as an insurance mechanism when geopolitical uncertainties appear to be subsiding.

Market observers are now directing attention toward Friday’s scheduled release of U.S. Personal Consumption Expenditures figures. The PCE represents the Federal Reserve’s prioritized inflation metric and could significantly influence projections for subsequent policy adjustments.

Silver registered a modest 0.1% gain to reach $57.50 per ounce on Thursday, recovering slightly after dropping more than 6% in the previous trading session. ING analysts observed that several of silver’s most robust demand catalysts are showing signs of weakening.

Platinum decreased 0.3% to settle at $1,581.60 per ounce. Copper futures advanced approximately 1.7% on the London Metal Exchange to reach $13,255.95 per ton.

Gold continues facing downward momentum with limited visible catalysts to reverse the prevailing trend ahead of the PCE data release.

Blockchain intelligence firm TRM Labs said CoinEx served as a gateway for the crypto sector in Iran, having traced more than $3.84 billion in flows between the exchange and sanctioned Iranian entities in the last seven years.

TRM Labs said CoinEx became the single biggest trading partner of Iran’s largest crypto exchange Nobitex, which accounted for around $2.7 billion of the flows, according to a report published Wednesday.

CoinEx had direct transaction exposure with more than 60 Iranian crypto platforms, according to TRM Labs’ analysis, which argued that this patterns suggested a coordinated relationship rather than organic market activity.

TRM Labs identified CoinEx exposure to several terrorist-linked entities, such as $6 million in transactions involving wallets associated with the Islamic Revolutionary Guard Corps and $374,000 of exposure associated with Palestinian Islamic Jihad.

The U.S. Treasury sanctioned an array of Iranian crypto exchanges as part of its campaign against the country’s government at the start of this month, including Nobitex, Wallex, Bitpin and Ramzinex, all of which are cited in TRM Labs’ report.

TLDR

• SK Hynix shares soared 13% during Thursday’s trading session in South Korea
• The memory chipmaker will debut ADRs on Nasdaq July 10, aiming for approximately $30 billion in value
• Competitor Micron delivered $41.5 billion in quarterly revenue, surging 346% annually and crushing analyst forecasts
• Micron’s leadership anticipates constrained memory markets extending past 2027
• SK Hynix shares have skyrocketed more than 300% throughout 2026, surpassing Samsung to claim the top spot among South Korean companies by market cap

Shares of SK Hynix climbed as high as 15% to reach a new record of 2,987,000 won during Thursday’s session, ultimately settling with gains near 13% by the close in South Korea.

The dramatic rally stemmed from two powerful catalysts converging simultaneously — the announcement of a significant U.S. exchange debut and exceptional quarterly results from competitor Micron.

SK Hynix revealed Wednesday evening that it intends to debut American Depositary Receipts on the Nasdaq Global Select Exchange come July 10. The offering is expected to reach approximately $29–$30 billion.

Since the disclosure arrived after Korean markets had shut down Wednesday, Thursday represented the initial opportunity for shareholders to respond. Their response was emphatic.

The broader KOSPI Index also posted impressive gains, advancing more than 6%. This extended a powerful recovery from a 10% decline witnessed earlier during the week. The benchmark has now surged 112% throughout 2026.

Micron’s Quarterly Performance Provided Additional Momentum

Micron unveiled quarterly revenue totaling $41.5 billion, substantially exceeding Wall Street’s projection of $35.9 billion. This represents a remarkable 346% increase compared to the previous year.

Future outlook proved even more impressive. Micron projected revenue approaching $50 billion for its upcoming fiscal fourth quarter, once again surpassing expectations considerably.

Chief Executive Sanjay Mehrotra indicated he anticipates constrained market dynamics continuing beyond 2027, fueled by artificial intelligence demand spanning all product categories and fundamental supply limitations.

This forward-looking commentary carries significant implications for SK Hynix. Both organizations compete head-to-head in DRAM and high-bandwidth memory markets, indicating that favorable pricing environments for Micron typically signal similar conditions for SK Hynix.

SK Hynix’s Standing in Memory Chip Manufacturing

SK Hynix commands the high-bandwidth memory sector, which has emerged as among the most sought-after components powering AI infrastructure expansion. This strategic positioning has rendered the stock especially responsive to artificial intelligence developments.

The accelerated buildout of data centers by major technology corporations has constricted worldwide memory inventories throughout the past year. This dynamic has elevated prices for both conventional DRAM and HBM products.

SK Hynix, Micron, and Samsung have all benefited substantially from this demand wave. However, SK Hynix has outperformed both rivals.

The stock has climbed over 300% during 2026 alone, positioning it among the top-performing equities worldwide this year.

It recently eclipsed Samsung to capture the title of South Korea’s most valuable corporation — an achievement that would have appeared improbable until recently.

The forthcoming Nasdaq ADR listing scheduled for July 10 will provide American investors direct access to the shares for the first time via an exchange-traded instrument.

Micron’s quarterly performance represented the latest confirmation that AI-fueled memory demand remains robust entering the latter half of 2026.

The US dollar continues to hold firm near multi-year highs as sentiment across equity markets deteriorates and investors increasingly expect the Federal Reserve to maintain a restrictive monetary policy stance for longer. The US economy remains resilient, while inflation risks continue to run elevated, prompting market participants to reassess the timing of potential interest rate cuts. Against this backdrop, demand for the dollar is being supported both by attractive US asset yields and its status as a safe-haven currency.

An additional source of support for the greenback has come from the decline in stock markets, which has increased investor caution and encouraged capital flows into the dollar. Despite some easing in geopolitical tensions surrounding Iran and a correction in oil prices, expectations of a more hawkish Fed remain the key market driver. Interest-rate futures continue to reflect a high probability that restrictive policy will remain in place for an extended period, supporting the dollar against most major currencies.

USD/JPY

USD/JPY continues to advance and is trading close to multi-year highs near 162.00. Pressure on the yen persists due to the wide interest-rate differential between the United States and Japan, as well as market doubts about the willingness of Japanese authorities to carry out further currency interventions. Technical analysis suggests the pair could extend its advance towards the psychological 163.00–164.00 area.

At the same time, a spike in volatility and a sharp pullback towards 160.00–161.00 cannot be ruled out, as the pair is already trading within a zone of long-term resistance on higher timeframes.

Key events for USD/JPY:

• Today at 15:30 (GMT+3): US Core Personal Consumption Expenditures (PCE) Price Index;
• Today at 15:30 (GMT+3): US GDP data;
• Today at 15:30 (GMT+3): Continuing Jobless Claims in the United States.

USD/CAD

USD/CAD also remains in an uptrend and is approaching long-term resistance levels in the 1.4300–1.4350 area. The pair is being supported by US dollar strength and the relative weakness of the Canadian dollar amid lower oil prices and expectations of further divergence between Bank of Canada and Federal Reserve policy.

A sustained move above 1.4300 could open the way for further gains towards 1.4350. However, a rejection from these levels and the formation of bearish reversal patterns could trigger a corrective decline towards the 1.4140–1.4200 region.

Key events for USD/CAD:

• Today at 15:30 (GMT+3): Average Weekly Earnings in Canada;
• Today at 15:45 (GMT+3): speech by Federal Open Market Committee (FOMC) member Michelle Bowman;
• Today at 17:00 (GMT+3): Atlanta Fed GDPNow estimate.

The US dollar remains the primary beneficiary of the current market environment. Equity market weakness, expectations of a prolonged period of restrictive Fed policy and the relative weakness of competing currencies continue to support the greenback.

At the same time, both USD/JPY and USD/CAD are approaching significant long-term resistance levels. As a result, further price action is likely to depend on whether upcoming macroeconomic data can confirm the resilience of the US economy and whether the Federal Reserve maintains its hawkish tone in forthcoming commentary.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.