#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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Despite the #volatility #Bitcoin experienced in 2023, the extended sideways movement between February and July has proved to be fertile ground for accumulation, according to #CryptoSlate #News.

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Experts at #Santiment analyzed the trade volume metric for #MATIC and #BNB, which represents adoption and utility of the tokens among crypto market participants.

Both these altcoins have seen a particularly high interest from traders, when Both these altcoins have seen a particularly high interest from traders, when compared to other altcoins in the ecosystem.

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#Ether #Ethereum (#ETH) staking is nearing a key milestone of 20% of all tokens locked up in staking contracts, but inflows have slowed after an initial rush as investors grow cautious about regulatory risks.

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#Eurozone Producer Price Inputs declined 1.5%, led by a 5% MoM decline in energy prices, according to #Paradim.As a lead on Consumer Prices, this suggests Eurozone inflation is quickly heading sub 2%.

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#Binance maintains its dominant position in the market throughout H1 2023, and according to #Coinmarketcap #Report #News, with a total spot trading volume share of 59.99%,remaining relatively stable compared to the same period last year.

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#Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high, according to #CBNC #News.

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While early growth in both spaces has been eerily similar, don’t get too excited about #crypto’s future. By now, many of us have seen this graph comparing #internet adoption to crypto #adoption. #news

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#BinanceChain #BinanceCoin #BNB futures open interest surged from $355 million on July 5 to the current $476 million, approaching its highest level in 18 months, according to #CoinTelegraph #CoinGlass.

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#Gold was down $43.38 per ounce or 2.2% for the month, closing at $1,919.35 on June 30. Two- and ten-year treasury yields climbed higher in June, but the U.S. #dollar was not to be blamed for gold’s drop this time. The U.S. dollar index (#DXY) was also down in June (-1.4%).

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Labor Department’s #CPI Data Shows 3% Inflation Rate for June, according to #NewsBitcoin #News

#Inflation in the #UnitedStates continues to cool, according to the latest #ConsumerPriceIndex #report from the U.S. Bureau of Labor Statistics released Wednesday. Inflation has fallen consecutively each month since June 2022. The inflation rate in June 2022 was 9.1%, but the latest CPI statistics show it has dropped to 3%.

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