Cryptocurrency Analysis and News Portal
“The environment in the current crypto ecosystem vastly differs from the heyday of ICOs in 2018. Market maturity has driven the need to establish stronger technological foundations to be laid which have enabled exchanges and DeFi protocols to provide a variety of products, with lending, bridging, and liquid staking abilities,
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Further, crypto is far more correlated and integrated into the overall macro economy, so the spillover from the Fed raising rates, thereby creating a risk-off environment and tanking tech and crypto valuations, is happening in a way that would not in 2018. We made it to the institutional world, anon. Original
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The decoupling of ether (ETH) and Lido Finance’s staked ether (stETH) is not equivalent to the breaking of the link between terraUSD (UST) and the dollar, and isn’t an example of a stablecoin collapse, according to CoinShares. Source
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Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the
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