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 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 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 DEX perpetual has attracted attention from the crypto-community as a rival to Hyperliquid’s popular perpetual futures trading 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 are calling for a new accumulation phase, which could drive the market to reach $150,000 before year’s end.
BitcoinBTC() create a new all-time high above $125,700The market cap briefly went over $2.5 trillion. 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 added.
Stripe CEO: Stablecoins force banks to compete on interest rates for users
Patrick Collison of Stripe said stablecoins are forcing banks to adopt them. offer competitive interest rates The rise in stablecoins with yield-bearing options has made it more attractive to consumers.
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.”
According to data collected by RWA.XYZAs the industry continued to thrive following the passage of a comprehensive US regulatory law,
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Source: cointelegraph.com
