The model differs from earlier, centralized crypto lenders such as Celsius Network, which filed for bankruptcy in July 2022, and BlockFi, which followed suit four months later, said CEO Ryan Bozarth. In those cases, the companies stood at the center of the process: receiving deposits, lending them out and taking a fee from the interest payment. Source
Sauter explained that with D8X, the maximum leverage available depends on the state of the market. This approach, he said, prevents destabilization by ensuring that leverage limits are in line with current market dynamics, thereby maintaining stability and preventing any single trader from disproportionately affecting liquidity. Source
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Bitcoin ETFs and exchanges now have up to eight times more of an impact than miners, according to a new report. Sell-side pressure from miners is diminishing with each and every halving, a new analysis from Glassnode says. Meanwhile, centralized exchanges and ETF providers now have up to eight times more of an impact — a powerful illustration of how the market is shifting. Source: Instagram This chart helps explain what’s changing. The largest pool of Bitcoin being monitored by Glassnode rests in CEXs. That comes to three million BTC,…
Data shows that deBridge is widely used to transfer funds between Ethereum, Arbitrum, Solana and Base, among other blockchains. Since April, it has recorded over 2.3 million transactions and $2 billion in bridged volume, which generated 1.4 billion points for users. Source
“We settled the first-ever trade on a public blockchain, and it is now on its way from South Africa to London,” said Adrian Vanderspuy, owner and CEO of Oldenburg Vineyards. “The funds came into our AgriDex account in seconds rather than days and the fees were 5 GBP.” Source
There are few bitcoin miners with the same power at their disposal as Iris Energy, Canaccord said in a report on Tuesday. “The company is building 510 MW of data centers in 2024, secured 2,160 MW of power capacity, and has a 1 GW plus development pipeline,” analysts wrote. The broker raised its target for the company to $15 from $12 while maintaining its buy rating. Iris Energy was trading 3% higher at $11.23 in pre-market trading on Nasdaq. Earlier this month, Iris shares slumped 14% after a short seller…
Luxury sports car maker Ferrari is broadening its crypto payment options across Europe in response to demands from its wealthy clientele. Ferrari is set to start accepting crypto payments among its European dealers network by the end of July, less than a year after rolling out this scheme in the U.S. As per a Reuters report, Ferrari will also roll out crypto payments to its international dealers in regions where digital assets are legally permitted by the end of 2024. This decision follows the positive reception of the payment system…
With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Related Reading Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8 billion. Fascinatingly, Germany lost out on an extra…
The trendline connecting 2016 and 2017 lows has consistently offered support since January. Source