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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.
Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
- 16:03Data: In November, the total income of Solana's ecological DApp reached 365 million US dollarsAccording to the latest research report by Syndica, the Solana ecosystem saw significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a record high of $365 million. Among them, Pump.fun became the first Solana DApp to generate over $100 million in monthly income, accounting for 26% of the total ecosystem revenue. DeFi applications contributed 83.7% of the income, with meme coin applications generating over $500 million in annual income - a 305-fold increase from January's $600 thousand. Telegram trading bot revenues doubled to reach $82 million, maintaining a steady 4-5% share of DEX trading volume. DEX platform Raydium generated an income of $32 million in November, accounting for 86% of spot DEX total revenue and repurchased RAY tokens worth approximately $28 million (about 5.4 million tokens) which were distributed to stakers. Jupiter set a new record high with its perpetual contract business generating an income of $17million; out of this amount,75% was rewarded to JLP liquidity providers. Phantom wallet's annual income reached$91million while Solflare made$31million.The lending platform Kamino Finance hit a new high with earnings up to$2.9million where80% came from its lending business.Payment infrastructure Helio increased its earnings sevenfold reaching$316thousand.
- 15:50MicroStrategy Co-Founder: Will implement new purchase plan if neededOn December 18, MicroStrategy co-founder Michael Saylor stated: If necessary, a new purchase plan will be implemented. He declined to comment on whether he met with the elected President Trump of the United States. If invited, he would consider serving as a member of the advisory committee.
- 15:35Polygon's "1.3 billion dollar stablecoin revenue" proposal is rejected by the communityOn December 18, according to related pages, Polygon community members rejected a preliminary proposal (or pre-PIP) that suggested deploying over $1 billion in stablecoin reserves to generate revenue. The proposal was put forward by Web3 risk provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, aiming to utilize approximately $1.3 billion DAI, USDC and USDT reserves in the PoS Chain bridge for profit. Polygon stated that community members expressed concerns about security issues and the lack of choice for affected users to join, casting doubt on the feasibility of the proposal. Given the reservations within the community, it seems unlikely that this proposal will pass but this does not prevent Polygon from exploring innovative or even bold ideas in future.
