DeFiLlama has announced that it will no longer be listing Aster’s perpetual trading volumes. Bitcoin also reached an all-time record high this Sunday. Stripe’s CEO believes stablecoins are going to force banks into offering real interest to their users on deposit.
DeFiLlama delisting Aster perpetual futures volume data
DefiLlama is a decentralized platform for finance analytics. delisting volume data 0xngmi is a pseudonymous founder of DeFiLlama. He claims that data integrity issues are the reason for not using Aster’s decentralized exchange (DEX).
0xngmi said The trading volume of Binance’s perpetual futures on Aster is almost identical to that on Aster. A chart was shared showing the ratio of correlation between volume data from the two 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 DEX perpetual has attracted attention from the crypto-community as a rival to Hyperliquid’s popular perpetual futures trading exchange. Aster has also been linked with Binance’s co-founder CZ.
Bitcoin surge to $125,000 fuelled by US government shutdown: 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 is the chief investment officer of digital asset bank Sygnum Bank.
US Government Shutdown has “renewed discussion around Bitcoin’s store-of-value role, as political dysfunction underscores interest in decentralised assets,” Dori tells 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,” He also added.
Stripe CEO claims stablecoins would force banks into offering users competitive interest rates on deposits
Patrick Collison of Stripe said stablecoins would force banks into adopting them. offer competitive interest rates The rise in stablecoins with yields is bringing more options to customers.
Collison said that stablecoins could disrupt the market by reducing average interest rates for deposits made by customers in Europe and the United States, which are all below 1%. 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.”
Data from RWA.XYZThe sector has continued to expand in response to a new comprehensive regulation bill that was signed into law by the United States.
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Source: cointelegraph.com
