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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.
- 01:27Bank of Japan Governor: If the economy and price trends are in line with forecasts, the Bank of Japan will continue to raise policy interest ratesBank of Japan Governor Kazuo Ueda said that if the economy and price trends are in line with forecasts, the Bank of Japan will continue to increase policy interest rates and adjust the intensity of monetary support. The timing of interest rate increases will depend on the economic, price and financial outlook. We must remain alert to various risks, including overseas market trends.
- 01:22StarkWare CEO: Starknet will increase TPS by 4x and reduce fees by 5x in 3 monthsStarkWare CEO Eli Ben Sasson said he expects transaction speeds on the company's Ethereum L2 Starknet to increase fourfold over the next three months, while fees will drop "fivefold." Speaking at DevCon 2024 in Bangkok last week, Sasson said network improvements come primarily from "better compilation and faster execution" of Cairo, Starknet's native smart contract language. Starknet will cross the 1,000 TPS milestone and compete with chains like Solana, which typically handles between 800 and 1,050 non-voting TPS, according to Solana Compass data. Sasson asserted that Starknet’s TPS will exceed 1,000 or more within the next “three months.” Starknet fees will also be reduced further, he added, "We're on track to reduce transaction costs on Starknet by 5x, which could make it the cheapest L2."
- 01:20BlackRock CIO: The Fed will cut interest rates by 25bp next month, and there will be two or more next yearBlackRock Chief Information Officer (CIO) Rick Rieder said he still expects the FOMC to cut interest rates by 25 basis points in December. Rieder said the current target range for the federal funds rate of 4.5% to 4.75% is restrictive. After cutting interest rates in December, the Fed is expected to pause its rate cuts and the FOMC will evaluate the number and speed of rate cuts. By 2025, the Fed is expected to cut interest rates at least twice, but Rieder did not give a specific time.
