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 CEO, meanwhile, says that the use of stablecoins by banks would make them offer real interest to their customers.
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 attracting attention from the crypto-community as it challenges the Hyperliquid perpetual exchange. Aster has also been linked with Binance’s co-founder CZ.
Bitcoin surge to $125,000 fuelled by US govt shutdown: Analysts
Bitcoin breached a new all-time high over the weekendThe analysts have called for a new accumulation phase, which could drive the price to $150.000 before the end the 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 banking group 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,” “He added.”
Stripe CEO: Stablecoins force banks to compete on interest rates for users
Patrick Collison, CEO of Stripe, said that the stablecoins would force banks into adopting them. offer competitive interest rates The rise in stablecoin options that provide a higher yield to their customers is a positive development.
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.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
