Trading
Stablecoins Seem Unattractive as the Gap Between 3pool's APY and Treasury Yields Widens
The annualized percentage yield from providing stablecoin liquidity on Curve's 3pool, also known as DeFi's savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note.
Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms
The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike.
Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting
Bitcoin and ether have outperformed equities this year. The FOMC’s decision on interest rates looms large over markets.
Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum
The utility token has rallied 50% in the past 24 hours and more than doubled since Wednesday ahead of the release of its widely anticipated beta version next week.
Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow
The OP token has surged 140% this year, surpassing bitcoin and ether.
DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt
The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3.
Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.
Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months.
Binance Introduces Function for API Users to Prevent Self-Trading
The service will be available to Binance's API users from Jan. 26. Users of the exchange's website and app will not be affected.
Cardano-Based Overcollateralized Stablecoin Djed to Launch Next Week
The stablecoin can be minted by ADA holders and is widely expected to be integrated to several Cardano dapps upon launch.
