Crypto News
Lombard Finance Launches Toolkit to Unlock Bitcoin’s $154B DeFi Opportunity
Lombard Finance, a Bitcoin infrastructure developer, has launched a software development kit (SDK) that allows wallets, exchanges, and other platforms to offer one-click bitcoin (BTC) staking.The release aims to further bring BTC into the decentralized finance (DeFi) economy by tapping into the estimated $154 billion in bitcoin estimated to be sitting idle on centralized exchanges. The new toolkit allows users to stake BTC to mint a liquid staking token called LBTC, which can be automatically deposited into Lombard’s DeFi Vault for a current annual yield of 3%, according to the protocol.“Once viewed solely as a store of value, Bitcoin is now increasingly being integrated into DeFi, unlocking new earning opportunities for BTC holders,” said Lombard Finance co-founder Jacob Phillips, who...
Judge Pauses 18-State Lawsuit Against SEC, Saying It Could ‘Potentially Be Resolved’
The 60-day stay in the case was granted after the SEC said the case could be resolved, amid shifting enforcement priorities.Source link
Trump’s Tariff Policy Threatens Dollar’s Safe Haven Status and Global Currency Dominance, Warns FX Strategist Wizman
Recent data indicates a breakdown in the dollar’s traditional correlation with other markets, as investors seek refuge in currencies like the Swiss franc and Japanese yen, which have recently strengthened. Thierry Wizman, global FX and rates strategist at Macquarie Group, stated that Trump’s tariffs policy shake-up not only threatens the dollar’s status as a safeSource link
XRP Downside Fears Persist Despite ETF Optimism, Options Data Show
XRP might be the next cryptocurrency to get a spot ETF listing in the U.S. after bitcoin (BTC) and ether (ETH), analysts argued this week. However, the Deribit-listed options market,doesn't share this optimism.As of the time of writing, Deribit's put options tied to XRP were pricier than calls across several timeframes, according to data source Amberdata. That's a sign of persistent downside fears. A put option provides insurance against price drops, and traders purchase the same when looking to hedge or profit from an expected price drop.The bias for puts was evident from negative skews across the timeframes. Options skew measures the implied volatility premium (demand) for calls relative to puts.XRP dived out of an ascending wedge early Wednesday, signaling...
Secret Service, Canadian Officials Disrupt $4.3M Ethereum “Approval Phishing” Scam
The operation reached out to Ethereum wallet holders who had been compromised, whether or not they had already lost crypto.Source link