Crypto News
DeFi Carry Trade Takes Root and Dino Coins Reemerge: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)It was only a matter of time before the bitcoin bull market reignited excitement in the DeFi sector, and guess what? Chatter is heating up about a potential “carry trade” that uses DeFi protocol Ethena's yield-bearing staked USDe (sUSDe) to borrow stablecoins like USDC and USDT from the lending giant Aave.Those stablecoins are then flipped back for USDe, yielding a sweet return from the juicy spread between sUSDe's near 30% annualized yield and AAVE's variable borrowing rates, currently less than 20%. The return is way better than ether's staking yield of under 4% and the U.S. 10-year Treasury's 4.24%.If the trade becomes popular, the arbitrage window could eventually close, with borrowing rates...
Gate Crypto Card Promises ‘Seamless’ Crypto-to-Fiat Payments For EEA Users
The debit card can be used anywhere Visa is accepted, combining rewards with zero fees for accessible crypto payments.Source link
Hong Kong Monetary Authority Announces Results of 5-Year Government Bond Tender
The Hong Kong Monetary Authority reported strong demand for its 5-year HKD HKSAR Institutional Government Bonds, with a bid-to-cover ratio of 3.24 and an annualized yield of 3.179%. (Read More)Source link
Bitcoin Cash Welcomes Its First Stablecoin on Cashtokens
The Moria Protocol has launched MUSD, the first stablecoin built on BCH Cashtokens. Bitcoin Cash Gets a Stablecoin Powered by Decentralized Borrowing The Moria Protocol has unveiled MUSD, the first stablecoin built on Bitcoin Cash (BCH) Cashtokens, marking a milestone in the evolution of the BCH ecosystem. This launch introduces a stable, asset-backed digital token,Source link
With U.S. Financial Conditions the Loosest in Years, Bitcoin Can Continue to Thrive: Van Straten
Financial conditions in the U.S. are the loosest they have been in three years, according to the Chicago Fed's National Conditions Index (NFCI), a weekly gauge that takes into account factors such as leverage, debt and equity markets and traditional banking.The readings provide insight into three specific areas: risk, credit and leverage. For the week ended Nov. 22, the index dropped to -0.64, a level not seen since August 2021 in the aftermath of the Covid-19 pandemic.A negative reading suggests financial conditions are looser than average indicating that liquidity is readily available. A positive reading, in contrast, means tighter-than-average conditions with capital hard to come by, as during the 2008 global financial crisis.Zooming out, we're in one of the most...