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PLUS: Chinese Yuan-backed stablecoins are an impossibility.
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.
Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.
Open interest for MATIC trading pairs has risen from $109 million to $160 million in the past 24 hours.
The latest price moves in crypto markets in context for July 11, 2023.
"The dollar index futures act a robust complement to the long-only portfolio from both a thematic and empirical perspective," Marex's Mark Arasaratnam said.
PLUS: Mantle Network is mulling a $200 million ecosystem fund for its new layer-2 blockchain.
Bitcoin Ordinals, a method of generating non-fungible tokens (NFTs) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.
The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.
- 11:44Analyst: Bitcoin will soon reach 150,000 US dollarsAccording to data from the London Stock Exchange Group, Bitcoin fell in light holiday trading after failing to maintain its recent rise above $100,000. The recent rise of Bitcoin was driven by the prospect of a more friendly cryptocurrency policy under US President-elect Trump. Although the upward momentum of Bitcoin has stalled, its value has more than doubled so far this year and some analysts predict it will soon reach $150,000.
- 11:38Data: Copper transferred 923 Bitcoins to the CEX exchange, valued at approximately 88.76 million US dollarsAccording to iChainfo monitoring, the Copper address 1JZ6…Tj9m has transferred 923 Bitcoins to the CEX exchange address 1J5a…K1bB, with a total value of approximately 88.76 million US dollars.
- 09:54Data: The total locked-in value of Ethereum L2 has dropped to 46.79 billion US dollars, with a decrease of 13.2% in the last 7 daysAccording to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 ecosystem has dropped to 46.79 billion US dollars, with a 7-day decline of 13.2%. The top five are: Arbitrum One (19.18 billion US dollars, 7-day drop of 9.96%); Base (12.91 billion US dollars, 7-day drop of 11.4%); OP Mainnet (7.17 billion US dollars, 7-day drop of 17.9%); Blast (1.21 billion US dollars, a seven day decrease of 17.7%); ZKsync Era (1.09 billion US dollars, a seven day decrease of 19.9%).
