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The Tesla CEO and Twitter owner has been known on occasion to playfully talk about his fondness for the memecoin.
The latest price moves in crypto markets in context for July 19, 2023.
The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases.
Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
- 22:43Market leverage surges, Ethereum shorts reach historic highThe open contracts of Ethereum futures have exceeded 20 billion US dollars, setting a new record and highlighting the intensification of speculative activities. The rise in short positions indicates that more and more traders are betting on the price drop of Ethereum. At the same time, it is estimated that the leverage ratio (ELR) has reached its peak, reflecting a higher dependence on borrowed funds - this method amplifies the possibility of rapid liquidation.
- 22:43Tether has minted an additional 2 billion USDT on EthereumAccording to Whale Alert monitoring, Tether Treasury minted an additional 2 billion USDT on Ethereum around 6:08 Singapore time. Tether CEO Paolo Ardoino commented that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain exchange.
- 22:42Musk: Insane government spending is driving the United States into bankruptcyMusk tweeted on X, "Crazy government spending is driving the United States into bankruptcy."
