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The bank said that a key risk for Coinbase realizing its interest income is the possibility of reduced holding of USDC and fiat currency with the exchange. “We see the potential for institutional investors to hold less USDC given the opportunity cost of holding quasi-cash that doesn’t offer a yield.
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The Ethereum upgrade has shifted the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The Ethereum mainnet and the Beacon Chain will finally
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Infinity Exchange, a new platform providing institutional grade capital efficiency in decentralized finance (DeFi), announced a $4.2 million seed found in a bid to boost institutional adoption for DeFi.Infinity Exchange is led by ex-Morgan Stanley executive Kevin Lepsoe, who left the world of traditional finance with sights set on
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Bitcoin funding rates for the past two months have entered one of their worst streaks yet. During this time, there have been no positive funding rates, and the best that the market has seen has been funding rates at a neutral level. However, even now, reaching neutral levels have proved
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The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. ETH currently trades below the $1.6K level Ethereum price nosedives by 1.24% or trading at $1,570.76 ETH liquidations trigger price spike Investors are debating
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According to Coinglass data, liquidations on bitcoin futures hovered at $54 million over the same period, with other major cryptocurrencies, such as solana (SOL) and avalanche (AVAX), seeing just over $3 million. Bitcoin (BTC) futures usually have the highest liquidations in the futures markets owing to their popularity and liquidity. Original
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The the biggest cryptocurrency by market cap, has been battered this year following a huge market sell-off and the soaring global economy. Now trading at a price 70% lower than its November 2021 all-time high of $69,044.77. Ethereum, the second biggest digital asset followed suit, trading at around $1,584,82 at this
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U.S. Senator Elizabeth Warren says she is “very worried” that the Federal Reserve will tip the economy into recession. “There is nothing in raising the interest rates, nothing in Jerome Powell’s tool bag that deals directly with” the causes of inflation, she explained. Senator Elizabeth Warren on Inflation and the Fed
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On-chain data shows the Ethereum funding rates have now declined to the lowest value in 14 months, something that could pave way for a short squeeze in the market. Ethereum Funding Rates Reach Highly Negative Value As pointed out by an analyst in a CryptoQuant post, the ETH funding rates are currently
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Bitcoin funding rates have remained low even when the price of the digital asset has rebounded. The trend for the previous week showed that investors remained extremely wary of the market, and there has not been a change for the new week either. This coincides with the general market sentiment
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