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The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
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.
- 02:04Market dynamics on December 5th: BTC rebounds, ETH's old coins lead the rise; US stocks rise, probability of interest rate cut in December increases to 80%I. Market Dynamics 1. BTC is rising, with ETH leading the old altcoins. The market contract rate has surged to its highest in the past six months. 2. U.S stocks are soaring, and the market expects an 80% probability of further interest rate cuts in December. II. Market Focus 1. Public chain ETH is surging, as are old DEFI such as COMP, CRV, CVX, FXS, YFI etc. There are rumors that CRV is collaborating with American institution BlackRock. COMP's founder had previously left to establish a new DEFI protocol LEGEND. 2. Games like SAND, GALA and SLP are on the rise too. The market prefers trading older coins rather than newer ones; this trend started from 2017 and continued into 2020. 3.Previously strong currencies like XRP, HBAR, ALGO and TRX lead the decline.The smart money gradually withdraws. 4.On-chain transactions have been light; liquidity has been absorbed by CEX's old altcoins while top Shiba Inu transaction volumes have dropped to tens of millions of dollars. 5.MAGIC EDEN on SOL chain will be airdropped on December 10th.
- 01:49Ripple: The stablecoin RLUSD will not be launched today, it is undergoing final approval with the New York Financial Services DepartmentRipple posted on social media saying, "Despite some speculation, RLUSD will not be launched today. We are in sync with the New York Department of Financial Services (NYDFS) for final approval and will share the latest progress as soon as possible. The team is fully committed to launching the product under NYDFS supervision and adheres to the highest regulatory standards." Fox Business reporter Eleanor Terrett said that two sources close to the process indicated that today was originally expected to be the release date, but it was postponed due to some last-minute developments. Previous reports stated that Ripple is about to receive approval from NYDFS to issue stablecoin RLUSD, which is expected to officially launch on December 4th, 2024.
- 01:43Bellede has transferred nearly 14 million USDC to Ondo FinanceAccording to monitoring data from Arkham, BlackRock has transferred nearly 13.935 million USDC to Ondo Finance, of which over 13 million USDC were transferred in the past 2 hours.
