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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.
PLUS: Mantle Network is mulling a $200 million ecosystem fund for its new layer-2 blockchain.
- 14:06A whale increases short selling by borrowing 4,000 ETH, bringing total short position to 10,000 ETHAccording to on-chain analyst Ember's monitoring, a whale that has repeatedly shorted ETH at the peak of $1800 has currently shorted 10,000 ETH at an average price of $1,791, with an unrealized loss of $510,000. In the past hour, they continued to borrow and short 4,000 ETH, bringing the total short position to 10,000 ETH.
- 14:04U.S. stocks open higher, cryptocurrency stocks broadly riseU.S. stocks opened higher, with the Dow Jones up 0.51%, the S&P 500 up 1.02%, and the Nasdaq up 2%, driven by easing trade tensions and better-than-expected tech earnings. Microsoft (MSFT.O) rose 10%, Meta Platforms (META.O) increased by 7.25%, both exceeding Q1 expectations. Additionally, cryptocurrency stocks generally rose, including: MicroStrategy (MSTR) up 2.96%, CEX (COIN) up 2.41%, MARA Holdings (MARA) up 4.34%, Riot Platforms (RIOT) up 5.09%
- 14:03Sky Community is Considering a Final Proposal to Replace MKR with SKY as the Sole Governance TokenMay 1st news, Sky (formerly MakerDAO)'s core governance design team Atlas Axis submitted a proposal on Wednesday that, if approved, will complete the protocol upgrade from MKR to SKY. This transition will make SKY the sole governance token and support staking, unlocking USDS rewards for SKY holders. Sky co-founder Rune Christensen praised the proposal as a "significant milestone" in a forum post. Although USDS and SKY are introduced as upgrade tokens, DAI and MKR remain in circulation, allowing users to choose to convert their held tokens to the new tokens for a gradual transition.