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 – 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 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 DEX perpetual has been gaining attention from the crypto world as a rival to Hyperliquid’s popular perpetual futures trading exchange. Aster also has a connection to Binance founder CZ.
Bitcoin surge to $125,000 fuelled by US Gov’t Shutdown, 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 by 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.
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 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 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 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.XYZAs the industry continued to thrive following the passage of a comprehensive US regulatory law,
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Source: cointelegraph.com
