#DAI expands outside of #Ethereum and favors the #MAKER price, according to #CriptoNoticias

The price of maker (#MKR), the governance token of the MakerDAO organization, had an increase of close to 15% in the last week.

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We have closed our position with #Litecoin Free Spot #Signal #Update #LTCUSD #LTCUSDT at approximately $114.74 with approximately 25% ✅ 💹 gain and will repurchase in the area of $97.13 and $104.19 for the medium term. We are a few days away from the #halving

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This week’s economic data sent confusing messages through the market and according to #realinvestmentadvice #report.

A stronger-than-expected ISM Services number suggests that no recession is on the horizon currently.

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All of #Solana's liquid staking platforms have increased the value of their deposits since the beginning of 2023. These protocols represent 70% of the value of the entire Solana network, according to #CriptoNoticias. #SOL

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#Compound surges more than 50% as large orders pile in, according to #kaiko

#Decentralized finance #protocol Compound’s token #COMP has surged by nearly 60% since June 24 driven by whale buying on spot markets.

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Flow update leads to price increase, according to #CriptoNoticias

Native #cryptocurrency of the #Flow #network shows a price increase of close to 12% in the last week.

Last Friday its price was USD 0.54. At the time of this writing it is trading at USD 0.61.

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#Tezos (#XTZ) #cryptocurrency, native to the eponymous blockchain, has seen a 5% increase in value since July 6, when it announced its new technological innovation described as a rollup driver, according to #CriptoNoticias.

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The latest update on #inflation in the U.S. will drop on the lap of investors, with June #CPI #report scheduled to be released on Wednesday, according to #SeekingAlpha.

#Economists forecast headline inflation to fall to 3.0% from 4.0% in May and core inflation to be reported at 5.0% from 5.3% in May.

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If for the next few weeks the dominance of #USDT falls below 6.5% it will suggest that traders are buying cryptocurrencies and resuming their positions. For now, most rest their capital in dollars waiting for a new reason for investment.

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#CME's #bitcoin #futures #market has seen open interest surge, with the metric hitting $2.7 billion.

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After struggling near the 50-day SMA ($12.99) for several days, #Avalanche #AVAX successfully scaled the level on July 8, according to #Cointelegraph.

The moving averages are close to completing a bullish crossover and the RSI has jumped into the positive territory. This suggests that bulls have an edge. The AVAX/USDT pair could rise to $16 where the bears may again mount a strong defense.

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#Spot #bitcoin #exchange-traded fund-fueled rally has stopped translating into increasing crypto exchange volumes, data from #TheBlock #Research shows.

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#Bitcoin open interest expressed in native units has stabilised around 268k #BTC in July, retreating from a multi-month high of over 300k BTC hit mid-June, according to #Kaiko.

Funding rates briefly flipped negative last week for the first time since May before recovering to more neutral levels.

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According to data from #TradingView, #Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly 50%.
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Quarterly Transactions on #Bitcoin Network Reached New All-Time High, according to #CryptoRank

The number of transactions on the Bitcoin #blockchain in Q2 2023 significantly increased due to the popularity of #Ordinals and #BRC20.

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Subsequently, and according to the weekly close, #Bitcoin #BTCUSD #BTCUSDT apparently the region of $30k and $31k will be an accumulation zone that could take some time to define the next movement. For now we have a neutral market but sensitive to any sudden changes.

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#Bluechip #DeFi tokens, including #COMP, #MKR, #AAVE, and #UNI, have outperformed #ETH over the last month and a half, according to #kaiko.

COMP has posted 55% gains since the start of June, followed closely by #MKR at 47%. Meanwhile, #AAVE and UNI have gained 14% and 10%, ...

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Price of the #Kava (#KAVA) #cryptocurrency increased from USD 0.90 to USD 1.02 in 24 hours, according to #CriptoNoticias.

This growth represents 13.33. Although its price fell slightly later, it continues to be one of the currencies with the highest appreciation of the week.

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Total #Stablecoin #Supply Has Dropped below $130 Billion, according to #CryptoRank The total market cap of stablecoins has decreased slightly over the past 30 days.

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#Bitcoin’s seven-day active addresses have failed to exceed 1 million, only reaching the same levels as three months ago, according to #CoinTelegraph.

Moreover, the recent peak of 1.02 million addresses in April 2023 was 16% lower than the all-time high in January 2021.

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#Stablecoins have established themselves as the main medium of exchange within the crypto ecosystem and as a gateway into it, according to #BIS #Report.

They are so-called because they aim to maintain a stable value relative to a specified asset or pool of assets. Stablecoins are usually pegged to a numeraire, almost always the US dollar, but can also target the price of other #currencies or assets (eg #gold or even other #cryptoassets).

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