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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.
Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
- 14:111confirmation Founder: Crypto Innovation Needs to Integrate with Mainstream Culture, Simply Replicating Early Models No Longer WorksNick Tomaino, the founder of 1confirmation, stated on X that most people in the crypto industry are focused only on the internal aspects of the industry, creating a very insular community. Many have gained immense wealth simply by being in the right place at the right time, so the desire to replicate past successful models is natural. However, that era is over. It is now crucial to truly understand mainstream culture and how the crypto industry intersects with it. Today's crypto field has much more awareness, capital, and competition, and merely going with the flow is no longer sufficient for easy success. For instance, if you want to develop on-chain games, you need to have a comprehensive understanding of everything about Web2 games and build on-chain games based on that knowledge. Simply replicating the Axie model is far from enough.
- 14:10Possibility of Two More Interest Rate Cuts by ECB This Year Cannot Be Ruled OutECB Governing Council Member Simkus stated that the possibility of two more interest rate cuts this year cannot be ruled out.
- 14:09Uniswap Protocol's historical cumulative trading volume on the Base chain surpasses $150 billionUniswap Labs released data on Platform X, showing that the historical cumulative trading volume of Uniswap Protocol on the Base chain has surpassed $150 billion, compared to just $260 billion a year ago.