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 stablecoins are forcing banks to pay 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 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 Aster’s volume for perpetual futures trades almost matches Binance volume. A graph was also shared that showed the correlation of volume between both 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 a popular crypto exchange that has been gaining attention as it challenges the Hyperliquid perpetual Futures Exchange. Aster also has a connection to Binance 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 $125,700The market cap briefly crossed $2.5 trillion, a milestone that had never been reached before 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 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 also 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 stablecoins with yield-bearing options has made it more attractive to consumers.
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.”
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
