DeFiLlama announced the delisting Aster trading data. Bitcoin reached a new high of all time on Sunday. The Stripe CEO said that stablecoins would force banks to give users real interest rates on their deposits.
DeFiLlama delisting Aster perpetual futures volume data
DefiLlama – a platform that allows for the decentralization of finance analytics – is delisting volume data 0xngmi a pseudonymous DeFiLlama co-founder, said that the Aster DEX platform was not approved due to concerns about data integrity.
0xngmi said The trading volume of Binance’s perpetual futures on Aster is almost identical to that of Aster. A chart was shared showing the ratio in volume between both exchanges. 0xngmi added:
“Aster doesn’t make it possible to get lower-level data, such as who is making and filling orders, so until we can get that data to verify if there’s wash trading, Aster perpetual volumes will be delisted.”
Aster’s perpetual DEX is a popular crypto exchange that has been gaining attention as it challenges the Hyperliquid perpetual Futures Exchange. Aster has also been linked with Binance’s co-founder CZ.
Bitcoin’s rally from $125,000 to $125,000 is fueled by US government shutdown and macro-factors: analysts
Bitcoin breached a new all-time high over the weekendAnalysts have called for an accumulation phase to fuel the rally up to $150,000 by the end of this year.
BitcoinBTC() create a new all-time high above $125,700Its market capitalization briefly surpassed the milestone of $2.5 trillion for the first. in crypto historyCointelegraph earlier reported on Sunday.
The rally was supported by multiple macroeconomic factors, including the recent US government shutdown — the first since 2018 — which some analysts say has renewed interest in Bitcoin’s store-of-value role.
Similar conditions in the past have caused similar outcomes. “major price milestones,” Fabian Dori chief investment officers at the digital asset bank Sygnum Bank.
US shutdown of government has “renewed discussion around Bitcoin’s store-of-value role, as political dysfunction underscores interest in decentralised assets,” Dori spoke to Cointelegraph. “At the same time, the broader environment — characterised by loose liquidity conditions, a service-led acceleration in the business cycle, and narrowing underperformance relative to equities and gold — has drawn attention to digital assets,” Then he went on to say:
Stripe CEO: Stablecoins force banks to compete on interest rates for users
Patrick Collison of Stripe said stablecoins are forcing banks to adopt them. offer competitive interest rates Stablecoins that offer a yield are increasingly popular with customers.
Collison pointed to the average rates of savings offered by banks in Europe and America, all well below 1%. Stablecoins are ripe to disrupt this market. He wrote:
“Depositors are going to, and should, earn something closer to a market return on their capital. Some lobbies are currently pushing post-GENIUS to further restrict any kinds of rewards associated with stablecoin deposits. The business imperative here is clear — cheap deposits are great, but being so consumer-hostile feels to me like a losing position.”
According to data, the stablecoin market capitalization reached $292 billion by October. RWA.XYZAs the industry continued to thrive following the passage of a comprehensive US regulatory law,
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Source: cointelegraph.com
