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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.

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.
- 11:16Executive Director of Trump's Digital Asset Advisory Committee: Need to accumulate quickly before BTC becomes more expensiveOdaily Planet Daily reported that Bo Hines, Executive Director of the Trump Digital Asset Advisory Committee, stated in an interview: "We need to quickly accumulate before Bitcoin becomes more expensive."
- 10:28Analyst: If Bitcoin falls to $82,700, over $500 million in long positions may face liquidation riskAccording to ChainCatcher, crypto analyst Ali Martinez posted on the X platform that if Bitcoin falls to $82,700, approximately $543.84 million in long positions may face liquidation risk.
- 10:27Data: A certain whale has purchased over 4,220 ETH in the past 5 hours, amounting to approximately $6.84 millionAccording to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that in the past 5 hours, a certain whale bought 4,224.5 ETH at an average price of $1,619 during a downtrend, worth $6.84 million. Subsequently, the tokens were transferred to address 0x3F6...B4aF9, which currently holds a total of 14,001 ETH valued at $22.6 million.