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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.
The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.
- 08:21The Aptos ecological lending agreement Echelon will launch governance tokens in a few monthsOn November 28, the Aptos ecological lending protocol Echelon released a statement outlining the project's future roadmap. Echelon stated that it will advance the following tasks in the coming months: 1. Promote TVL growth to over $300 million; 2. Double the number of collateral assets supported by the protocol; 3. Launch Movement and Inita mainnets; 4. Expand RWA, LST and BTC use cases within the protocol; 5. Release governance tokens for the protocol.
- 08:20Clanker has completed its first contract upgrade, and will open user revenue sharing claims on December 4thOn November 28, Base Ecological AI agent Clanker announced via Twitter that it has completed its first contract upgrade and will carry out the second upgrade on November 9. At the same time, user revenue sharing claims will begin on December 4. The official statement said that when Clanker deploys tokens, a Uniswap V3 pool with a 1% fee will be launched on Base. Each time a token is traded, this pool will collect and distribute 1% of each exchange as rewards; where 60% of the exchange fees are allocated to the protocol party (Clanker), and 40% are distributed to requesters (users requesting Clanker to deploy tokens). For tokens deployed before November 14,2024,the distribution ratio is set at75%and25%.
- 08:09The AI company Databricks has raised 5 billion dollars in its latest round of financing, reaching a post-investment valuation of 55 billion dollarsOn November 28, according to Bitcoin.com, San Francisco-based data analytics and artificial intelligence (AI) company Databricks raised $5 billion in its latest funding round, bringing the company's valuation to $55 billion. Sources say that Databricks plans to raise a total of $8 billion, potentially making it the largest fundraising round this year. The report suggests that the purpose of Databrick's latest funding round is to allow employees to sell shares, thereby reducing the need for an immediate initial public offering (IPO). However, while an IPO may not be imminent, it could still occur in the second half of 2025. While the report did not disclose who participated in this latest funding round, it revealed well-known supporters of the company including Nvidia, Capital One, Andreessen Horowitz(a16z), Baillie Gifford,Fidelity , Insight Partners and Tiger Global. In September 2023,Databricks raised $500 million with a valuation of $43 billion. Openai currently holds the record for largest financing round in 2024 having raised $6.6 billion in October. Billionaire Musk's xai also received a financing amounting to $5 billion which brought its valuation up to$50billion.Another AI startup Anthropic has secured$400million from Amazon taking their total funds raised up till now at$8billion.
