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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.