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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.
- 07:06Analysis: Core PCE is expected to cool down, the Federal Reserve may cut interest rates by 25 basis points at the June meetingAmeriprise Financial's Chief Economist Russell Price predicts that the overall PCE will increase by 0.3% in December, and the core PCE will increase by 0.2%, which is consistent with general market estimates. Economists generally predict that the month-on-month growth rate of core PCE inflation (excluding volatile food and energy prices) will accelerate by 0.2%, and the year-on-year growth rate will remain at 2.8%. Russell Price believes that maintaining a pause is a very rational and reasonable view, predicting that the Federal Reserve will cut interest rates by 25 basis points at its June meeting.
- 07:01Apple CEO Cook: DeepSeek's large model is an innovation that improves efficiencyDuring the Apple earnings call, Cook was asked about his views on future iPhone models in terms of form innovation. Usually, he would refuse to reveal information about future products, but this time he gave an encouraging answer. Cook said: "I think there is still a lot to come, the innovation of the iPhone is far from over, and smartphones still have a lot of room for innovation. I am extremely optimistic about our product line." An analyst mentioned DeepSeek, a large model deeply explored by currently hot Chinese companies. Cook believes that DeepSeek's artificial intelligence model represents "innovation driving efficiency". "Overall," he said, "I think innovation driving efficiency is a good thing."
- 07:00The total market value of the AI agency sector tokens has fallen below 10 billion US dollarsAccording to CoinGecko data, the total market value of AI agency sector tokens is temporarily reported at 9.68 billion US dollars, with a 24-hour decline of 0.8%, and a 24-hour trading volume reaching 1.231 billion US dollars.