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The Department of Justice (DOJ) has finally settled with Binance. Although CZ is gone, Binance remains, insinuating that the crypto industry has legitimacy in the United States. The last bearish cloud hanging over markets has gone, and with a spot Bitcoin ETF expected early next year, followed by the halving, investors
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"Fundamentally, it's due to U.S. Treasury yields being up and DeFi yields, which are higher risk, giving lower rewards," Doo, co-founder of StableLab and Asia Lead at MakerDAO, told CryptoX. "When yields were increased to 8%, we saw DSR [Dai Savings Rate] deposits increase by four times." Source
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Bitcoin (BTC) price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the U.S Securities and Exchange Commission against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register
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“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in
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