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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.
- 10:47Analysis: U.S. election leads to a significant increase in the net worth of Ripple CEO and a16z co-founderAccording to CoinDesk, analysis indicates that XRP rose from $0.5 to $2.32 after the U.S. election, potentially yielding significant gains for Ripple CEO Brad Garlinghouse. According to CoinMarketCap data, XRP has risen 54.7% in the past 30 days and ranks third by market capitalization. Garlinghouse noted: "Since Trump's victory, the cryptocurrency market cap has grown by over $1 trillion." During the election, Ripple donated $73 million while a16z invested $70 million, including amounts reserved for the next round of elections in 2026. It is reported that Garlinghouse owns more than 6% of Ripple's shares and a large undisclosed amount of XRP tokens. He is also one of America's top billionaires. This election tripled the value of Garlinghouse's XRP holdings, so his personal wealth is expected to increase significantly as well. On the other hand, a16z co-founders Mark Andreessen and Ben Horowitz hold substantial stakes in cryptocurrency companies; their holdings are expected to exceed funds invested into U.S politics post-election day. However, financial data on a16z’s private company investments are unavailable; thus detailed figures remain unknown. Previously reported news indicated Coinbase CEO Brian Armstrong sold company stock continuously for several weeks following Trump’s presidential win and pro-cryptocurrency lawmakers' victories—cashing out approximately $437 million total due to optimistic sentiment emerging post-election results—his sold stocks appreciated by about $129 million compared pre-election valuation according latest SEC filings Brian Armstrong still holds over 10% stake within Coinbase with trust fund containing around 24 million shares valued roughly at $6.4 billion—a nearly two-billion-dollar increase since November fifth
- 10:41Today, the Fear and Greed Index dropped to 72, still at the level of greedAccording to Alternative data, today's Fear and Greed Index has dropped to 72 (from 74 yesterday), still indicating greed. Note: The Fear Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).
- 10:34ZEROBASE Beta Launch event received over $12 million in deposits within 48 hours, with participation from over 1,000 addressesOver $12 million in deposits within 48 hours of the ZEROBASE Beta Launch event for the real-time ZK proof network, with participation from over 1,000 addresses.
