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Currently, the flight is from bank deposits to the U.S. Treasury money markets, but as the ether yield economy becomes more mainstream, “it is hard not see more demand for ETH deposits and ETH yields,” analysts Gautam Chhugani and Manas Agrawal wrote. Source
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Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on
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Crypto lender Maple Finance has rolled out a United States Treasury pool for non-U.S. accredited investors and entities.According to an Apr. 19 post, Maple Finance has launched a new Cash Management Pool for institutional Web3 investors to access U.S. Treasury Bills directly. The offering is not available to U.S. individuals
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In traditional markets, the dollar index, which gauges the greenback's exchange rate against majors, rose to 101.80, extending Friday's 0.5% jump from 101.00. The yield on the two-year note gained nearly five basis points to 4.16%, extending the past week's 15 basis points rise. The yield on the 10-year note
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The total value locked (TVL) across DeFi protocol Gamma has jumped by 102% in the past month as investors attempt to secure annual returns in excess of 10% from staking. Source
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Pendle uses a dual-token model that breaks up and represents any investment into a decentralized finance (DeFi) protocol, such as Compound or Aave, into two parts: one, the initial principle put up by an investor, and two, the future yield expected to be earned on that position in the form
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Bitcoin (BTC) might have shown strength after successfully defending the $28,000 support amid unfounded rumors regarding Binance, but an interesting development to note is BTC is becoming less correlated to traditional markets after the U.S. Federal Reserve elected to provide emergency liquidity to banks. This change in attitude from the central
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The 2-year and 10-year Treasury yields rose Tuesday as investors pondered the next Fed interest rate hikes. Treasury yields recently climbed amid investor interest rate assessment ahead of pivotal inflation data. On Tuesday, investors and analysts weighed the outlook for Federal Reserve interest rate hikes following Silicon Valley Bank’s collapse. By 5 am Eastern
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The leading cryptocurrency by market value fell from $23,400 to $22,000 on Friday in a delayed reaction to issues at crypto-friendly bank Silvergate. Since then, however, both bulls and bears have refused to lead the price action, leaving the cryptocurrency in a narrow range of $22,150-$22,700, CoinDesk data show. Original Source
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After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether
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