In a significant move, #BlackRock Inc., the world's largest asset manager, submitted an application to the U.S. Securities and Exchange Commission (#SEC) for a spot #bitcoin exchange-traded fund (#ETF). Named the #iShares Bitcoin Trust, this ETF, if approved, will trade on #Nasdaq with #Coinbase Global Inc. serving as its custodian.
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From: rubikkav.nft
Share of #LiquidStaking #TVL Across Multiple #Blockchains, according to #CryptoRank
Liquid Staking is the fastest growing #DeFi category in terms of total value locked.
#Ethereum is first not only in terms of Liquid Staking TVL, but also in terms of the share (30.5%). More 👇🏻
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Last week was packed with #economic activity and #crypto-specific developments around regulation.
On Tuesday we had a #CPI reading that came in at 4% (YoY), which is better than the previous month’s reading of 4.9% (YoY), according to #amberdata.
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From: rubikkav.nft
Excessive buying demand tends to pressure the indicator above fair value at 100%, and during bearish markets, #Tether’s market offer is flooded, causing a 2% or higher discount this week and as described #cointelegraph.
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#Bitcoin outflows from exchanges have once again started to surpass inflows.
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#PerpetualContracts, also known as inverse swaps, have an embedded rate that is usually charged every eight hours, according to #Cointelegraph.
A positive funding rate indicates that longs (buyers) demand more leverage. Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative.
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As market makers pull orders from order books and begin scaling back their operations, volumes have been suppressed in Q2 and have hit their yearly lows at times, according to #kaiko. #btc Read More: https://buff.ly/43LqnOW
Читать полностью…Since the start of the year, spread and slippage on #CentralisedExchanges has stabilised, with certain exchanges improving their bid and ask spread and slippage while others maintained their previous records. More: https://buff.ly/46dr7Oz
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#OpenInterest Plummets Following Largest Liquidation Event Since #FTX, according #CCData. #btc #bitcoin #btcusd #btcusdt
Open Interest as well has been one of the major metrics affected by the current turmoil. Read More: https://buff.ly/3Jj9ov2
Interestingly #BTC #Bitcoin liquidity has been one of the hardest hit, falling from 14k BTC within 1% of the mid price at the start of the year to just over 9k today, according to #Kaiko. Source: https://buff.ly/3NdPNxJ
Читать полностью…According to the futures premium for #Ethereum and as reported #cointelegraph, known as the basis indicator, professional traders have been avoiding leveraged longs (bullish bets).
Despite the modest improvement to 2%, the indicator remains far from the neutral 5% threshold.
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#Ethereum L2 scaling platforms have truly arrived.
One year ago they existed, but were still somewhat nascent. Now though, they’re big time, says #dunedigest #report.
A lot has changed over the past 12 months. One year ago, there were far more transactions on Ethereum.
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#CentralizedLiquidity has been hit as hard as anything this bear market as regulatory and banking issues have driven the likes of Jump and Jane Street to retreat from offering liquidity in the US while global liquidity also falls, according to #Kaiko.
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The #US #CentralBank concluded its two-day meeting on Thursday with a “hawkish pause”.
#FOMC members indicated their expectations for rates further out through the so-called “dot plot”.
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Consumer sentiment in the United States reached a four-month high in June, climbing to 63.9, as inflation showed signs of easing and Washington resolved the latest debt-ceiling battle, according to #bitfinex. #ConsumerSentiment #UnitedStates #Inflation #DebtCeiling #UniversityOfMichigan
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Long-term #crypto #volatility remains at multi-year lows, according #kaiko.
#BTC and #ETH's 90D volatility is at multi-year lows, closely matching the trend in trade volume. .
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#NFT lending platform #Blend has outperformed competitors, doing $365M in volume in May alone.
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Artificial Intelligence market could move more than $126 billion until the year 2025.
This article shows the technical analysis of cryptocurrencies #AGIX #OCEAN #FET #NMR, considered the tokens with the highest tradable volume within #Binance.
Read More And Earn Crypto For Free: https://buff.ly/445Etuh
According to #IntoTheBlock (#ITB) data for #Ethereum, 59.66% of active addresses are in profit, while 38.22% are at a loss.
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US government owns $5 billion worth of #bitcoin and researcher Sachin Jaitly says that "as money supply was increasing, and as fear of inflation was increasing, bitcoin adoption on a sovereign level was also increasing." But it's complicated.
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#Bitcoin’s dominance, its share of total industry market cap, rose both during the drawdown as altcoins fell further and in the early and middle phases of the ensuing bull market cycles. Read More: https://buff.ly/3Xgqvni
Читать полностью…#Coinbase's stock price rose nearly 6% last week as analysts' average price target slightly increased, per The Block Research. Source: https://buff.ly/3Jm9wKu
Читать полностью…#Bitcoin #btc #btcusdt #btcusd fell 4.2% on the week, a by product of the regulatory uncertainty that has gripped the industry, even though it is not focused on bitcoin, as reported nydig. Read More: https://buff.ly/46djB63
Читать полностью…Since its mainnet launch in March 2023, #zkSync Era has experienced tremendous growth, reaching one million transactions in just four days, a rate quicker than any other Layer 2 according to #L2Beat. Read More: https://buff.ly/43LXm5D
Читать полностью…#Polygon is leagues ahead of the others #Ethereum assets Layer 2, with 35.2m active wallets over the past week alone, as reported #dunedigest. Source: https://buff.ly/46bRV1m
Читать полностью…The U.S. regulatory crackdown and banking crisis has also made #USD-denominated crypto transactions a lot harder.
Since March, there is a drop in #dollarmarket share relative to the #euro. #EuroMarket share is now 18%, up from just 9% at the start of the year relative to the USD.
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In the past couple of days, #USDT became decoupled from its $1 peg as the #stablecoin’s value plunged to $0.996, as reported #bitcoinist.
Since then, however, the asset has seen some recovery, although the $1 peg is yet to be regained as Tether still trends under $0.999.
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#Bitcoin price has been observing a downtrend for weeks now while the stock markets are enjoying growth.
Earlier this year, the situation was reversed when the banking failure in the United States depreciated the #SP500 Index, during which #BTC performed well.
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#Bitcoin #dominance has reached 45.84%, according to The Block's Data Dashboard.
The last time such a level was seen was in July 2021, when it peaked at 46.77%.
Read More: https://buff.ly/3JfybQK