ETH funding rates were positive each day between May 1 and Aug.14, and negative for every day but five since then. According to data from the FTX exchange, the average annualized 30-day funding rate for ETH is -12.16%, while the average annualized funding rate over 90 days is currently -5.65%. By comparison, ETH’s all-time funding rate is 13.03%. Source
Por su parte, un protocolo de seguro descentralizado, como Nexus Mutual, necesita generar rendimiento en sus reservas para poder convertirse en una alternativa viable a las compañías de seguros tradicionales, manifestó el banco. Las compañías de seguros suelen invertir sus reservas en deuda corporativa y pública, pero es difícil encontrar instrumentos con características de riesgo y compensación similares en el ecosistema de activos digitales. Consideran que el staking de Ethereum podría ser la alternativa más cercana. Source
“With the ETH/BTC ratio trading back to previous highs, some have started to unwind their long ETH/short BTC trade and this has caused a +10% rally in BTC. Beta adjusted, bitcoin has outperformed ether during the last week,” Markus Thielen, chief investment officer at British Virgin Islands-based IDEG Asset Management (IDEG), said in an email. Source
A decentralized insurance protocol such as Nexus Mutual needs to generate a return on its reserves to allow it to become a feasible alternative to traditional insurance companies, the bank said. Insurance companies normally invest their reserves in corporate and government debt, but instruments with similar risk and reward characteristics are difficult to find in the digital asset ecosystem. Staking on Ethereum may be the closest alternative, it added. Source link
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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The crypto platform Ethereum is preparing for a major system overhaul aimed at reducing the amount of electricity the network uses. But the update could lead to other changes to how Ethereum works. WSJ cryptocurrency reporter Paul Vigna joins host Zoe Thomas to discuss why the change is being implemented and what it could mean for the network. Photo: Dado Ruvic/Reuters For more episodes of WSJ’s Tech News Briefing: Visit the WSJ Podcast Center: More from the Wall Street Journal: Visit WSJ.com:…
Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption. In a Sept. 7 report, Chainalysis explained that the upcoming Ethereum upgrade would introduce institutional investors to staking yields similar to certain instruments such as bonds and commodities, while also becoming much more eco-friendly. The report said ETH staking is expected to offer a 10-15% yield annually for stakers, therefore making ETH an “enticing bond alternative for institutional investors” considering that treasury bonds yields offer…
La preocupación por el fuerte endurecimiento monetario de la Reserva Federal de los Estados Unidos (Fed, por sus siglas en inglés) hizo que el dólar escalara durante la noche y que, por un lado, alcanzara el máximo de 24 años frente al yen japonés y, por el otro, estableciera un pico sin precedentes frente a la rupia india. El martes, el S&P 500 perdió 0,4% y el Nasdaq 100, 0,7% debido a la caída de las acciones tecnológicas. Source
While most of the Ethereum community favors switching to a proof-of-stake (PoS) consensus mechanism for validating transactions, some miners are looking to preserve the proof-of-work (PoW) mechanism. If they succeed, the chain will fork, splitting into PoS and PoW chains at the time of the Merge, scheduled for Sept. 13-15. Source
Some analysts said impending monetary tightening could add to a global rout across major asset classes, including equities and crypto. Source