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 is a decentralized platform for finance analytics. 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 Aster’s volume for perpetual futures trades almost matches Binance volume. A graph was also shared that showed the correlation between volume data on the two exchanges to be about 1. 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 grabbing the attention of the crypto-community as it challenges the Hyperliquid perpetual 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 are calling for a new accumulation phase, which could drive the market to reach $150,000 before year’s end.
BitcoinBTCSet a new timer all-time high above $125,700Its market capitalization briefly surpassed the milestone of $2.5 trillion for the first. in crypto historyCointelegraph published an earlier report 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.
In the past similar circumstances have led to “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 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 claims stablecoins would force banks into offering users competitive interest on deposit
Patrick Collison, CEO of Stripe, said that the stablecoins would force banks into adopting 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 a perfect solution for this. 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 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
