Gate News bot message, the average trading volume on the Bitcoin network over the past 7 days has decreased to 317,000 transactions, hitting a new low since October 2023. Data shows that only 256,000 transactions were recorded on the blockchain on June 1. In this context, some miners have begun to accept transactions below the default forwarding standard of 1 sat/vB. In response to the current situation, 31 Bitcoin Core developers jointly published an open letter on June 6, explicitly opposing nodes filtering low-fee or non-standard transactions. They pointed out that such practices violate Bitcoin's censorship resistance principles while emphasizing that private channels like Slipstream will have a negative impact on decentralization.

Gate News bot message, the Bitcoin community recently proposed BIP-177, which suggests redefining the basic unit of Bitcoin to be 1 Bitcoin, no longer using "satoshi" or "sat" as the name of the basic unit. According to the proposal, the currency code BTC remains unchanged, with 1 BTC equal to 100,000,000 basic units, that is, 100,000,000 Bitcoin. The proposal indicates that this move helps reduce confusion and allows for a more accurate understanding of Bitcoin's fundamental design. Former Twitter CEO Jack Dorsey expressed support for the proposal by tweeting "BIP-177." Source: Wu Says

Golden Finance reported that, according to data from mempool.space, Money Laundering on the BTC network has decreased, with high priority fees dropping to 5 Sat/byte.

Jinshi Data News on July 24th, Israeli Prime Minister Netanyahu, who is visiting the United States, is scheduled to speak in the US Congress on July 24th. On the day before his speech, on the 23rd, hundreds of protesters who oppose the Israeli military operation in Gaza and the US supplying weapons to Israel sat quietly in an office building on Capitol Hill, and long people were arrested by the police. The police expect that on the 24th, the same day Netanyahu speaks in the US Congress, there will be a large number of protesters holding a demonstration in Washington, and the police are taking additional security measures.