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Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
- 00:55Hyperliquid will set a strict upper limit for the clearing treasury, and JELLY long users will settle refunds at $0.037555On March 28, Hyperliquid announced that users who hold long positions in JELLY at the time of settlement will be refunded by the foundation at a settlement price of 0.037555. This means that all JELLY traders will settle at a price favorable to them, unless it is a marked address. Hyperliquid is strengthening risk management in various ways, including: · HLP: The liquidation treasury will have a strict upper limit and only account for a small part of the total value of the HLP account. The frequency of rebalancing will decrease and more complex logic will be adopted around backup liquidation. If the loss from the liquidation treasury exceeds certain thresholds, ADL (Auto-Deleveraging) would be triggered instead of automatically transferring collateral from other parts of the treasury. Please note that ADL is not expected to trigger under normal market activities. · Open contract cap: The open contract cap will dynamically adjust according to market value. · Delisting assets: Validators will vote on-chain to delist assets below threshold values.
- 00:34The third fund under the encrypted venture capital Maven 11 has completed a fundraising of 107 million US dollarsAccording to The Block, the crypto venture capital firm Maven 11 has raised $107 million for its third fund, slightly exceeding the initial target of $100 million. The financing was completed about nine months later than originally planned, mainly due to the severe environment in the crypto market and more cautious attitudes from capital providers or limited partners (LPs). Balder Bomans, Chief Investment Officer and Managing Partner at Maven 11 stated that we have observed and experienced an increase in sensitivity from capital providers towards venture capital funds. This is partly due to widespread losses caused by a series of market crashes in 2022.
- 00:33The cross-chain stablecoin Tether USDT0 has been deployed to Optimism SuperchainThe cross-chain stablecoin Tether USDT0 has been deployed to the Optimism Superchain, with Optimism announcing that USDT0 is now live on the OP mainnet. The Superchain is a second-layer chain network designed to expand Ethereum through Optimism's OP Stack. The deployment of USDT0 is expected to attract more leading assets, applications and partners to join the Superchain. (Cointelegraph)