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The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
- 20:23U.S. stocks opened lower and higher, with the three major indexes closing collectively higherU.S. stocks opened lower and higher, the three major indexes closed collectively higher. The Nasdaq rose 0.87 per cent, the S&P 500 rose 0.67 per cent, and the Dow rose 0.56 per cent. IPO Newsmax fell more than 77 per cent, evaporating more than $23 billion in market value, after the stock surged more than 22 times in the previous two sessions. Most of the large technology stocks rose, Tesla rose more than 5%, Amazon rose 2%, Nvidia, Apple, Nifty rose slightly; Microsoft, Google, Meta, Intel fell slightly.
- 20:21BTC breaks through $88,000The market shows that BTC broke through $88,000, now at $88,037, up 3.58% in 24 hours, the market fluctuates, please do a good job of risk control.
- 20:11CBS Poll: Americans want Trump to focus more on prices, not tariffsAccording to a CBS poll, most Americans think Trump is too focused on tariffs and not enough on lowering prices. They believe tariffs will eventually raise prices. Sixty-four percent of those surveyed believe Trump is not focusing enough on lowering prices, and 55 percent believe there is too much focus on tariffs, according to the data.