Author: driver789
Spark’s MonetSupply says Aave’s decision to unfreeze its Core WETH market lets LST/LRT whales farm ~45% weETH loops while aEthWETH sits at 100% utilization, trapping regular users. Summary Spark strategy director MonetSupply says Aave’s decision to unfreeze its Ethereum Core WETH market is “ill-considered” under current liquidity conditions. With aEthWETH utilization at 100%, he warns that high‑leverage weETH loops chasing ~45% APY will trap normal depositors and stablecoin borrowers trying to exit. The move, he argues, hands out arb opportunities without fixing aEthWETH liquidity, further degrading conditions for regular users already struggling to refinance. Aave (AAVE) has decided to unfreeze…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…
Two of the largest prediction market platforms in the United States are set to enter the crypto derivatives space within days of each other, marking a shift in how these platforms compete for traders. Kalshi, the CFTC-regulated prediction market valued at $11 billion, will launch cryptocurrency perpetual futures on April 27 in New York City. The company teased the product under the codename “Timeless” — a name that maps onto the contract’s core feature: no expiration date . CEO Tarek Mansour revealed the launch date through a cryptic LinkedIn video featuring a rotating torus shape. Bitcoin and several other cryptocurrencies…
As capital increasingly moves onchain, institutions are now considering what will define the base rate of onchain finance. At Vault Summit in Cannes, a panel moderated by Redwan Meslem of the Enterprise Ethereum Alliance brought together leaders including Merlin Egalite of Morpho, Rafael Mastroberardino of Franklin Templeton, Paul-Adrien Hyppolite of Spiko, and Lancelot de Ferrière of Hyli.The panel discussed how onchain money market funds and lending vaults compete for institutional capital, and how institutions assess allocation as yield, liquidity, and risk profiles diverge.The discussion extended beyond yield to address infrastructure, risk frameworks, and operational constraints that determine whether these products…
Bitcoin (BTC) mid-size wallet inflows to Binance fell to 3,000–4,000 BTC, marking a multi-year low in sell-side activity from this cohort.This coincides with Coinbase recording about 8,500 BTC in inflows from similar wallets on April 19, while other exchanges saw much smaller flows. Binance exchange Bitcoin inflows have also fallen to 2023 levels, but how is this significant to today’s market?Binance BTC inflows cool sharply to 2023 levelsCryptoQuant data classifies mid-size wallets as the entities holding roughly 100–1,000 BTC, often linked to active traders and smaller institutions. These wallets tend to move coins to the exchanges during distribution periods, making…
Crypto and crypto markets pulled back Tuesday as Federal Reserve chair nominee Kevin Warsh said U.S. President Donald Trump never demanded he cut rates when he takes the helm at the central bank.Speaking before the Senate Banking Committee, Warsh emphasized the independence of the Federal Reserve, pushing back on speculation about political pressure on rate decisions.”I never said to the president where I think rates should be… and I wouldn’t have even thought about doing so,” Warsh said.Trump has repeatedly called for lower interest rates, putting pressure on current Fed Chair Jerome Powell and drawing concerns over the central bank’s…
The PEPE price has now started to edge back into bullish conversations after the recent inflows into the crypto market. The last time PEPE’s weekly chart printed the kind of structure now forming on its chart, its price action delivered one of the most violent vertical rallies in crypto history. That was in 2023. Crypto analyst Crypto Patel is now arguing, with charts in hand, that the fractal-level structure has reloaded and that this cycle’s rally could be even bigger. A PEPE Fractal Built On Rare Confluence At the time of writing, PEPE is trading around $0.0000038, which leaves it about…
Fraudsters are targeting global shipping firms with fake payment demands in Strait of Hormuz transit schemes, seeking fees in Bitcoin and Tether as vessels remain stranded amid conflict in the Gulf. Greek maritime risk firm MARISKS said unknown actors have sent messages to shipowners claiming to represent Iranian authorities and offering safe passage through the chokepoint in exchange for bitcoin payments. The firm warned that the communications are fraudulent and not linked to Tehran. The alerts come as tensions between the United States and Iran disrupt one of the world’s most critical energy corridors. The waterway once carried about a…
Banks are moving onchain through competing models that take different approaches to how financial rules are enforced.On the one hand are blockchain-native builders like Matter Labs co-founder Alex Gluchowski, who argue that financial systems require rules to be enforced across all participants. On the other are institution-led networks like Canton, which prioritize privacy, control and interoperability over global state.Gluchowski is among the most vocal critics of the latter approach, arguing it reproduces the limitations of traditional finance in a new form. The core of the critique is whether rules can be enforced across an entire network. That’s not possible in…
South Korea’s National Tax Service (NTS) has opened a tender for software licenses to track virtual asset transactions as part of tax evasion enforcement, according to a government procurement notice.The notice said the contract is for “virtual asset tax evasion response transaction-tracking software licenses,” with a budget of 146.5 million won (around $99,500), including value-added tax and delivery due within 30 days of contract signing. Bid submissions are scheduled for April 28 to April 30, with proposal evaluation set for May 7.The procurement notice itself gives limited detail on the software’s technical scope. However, citing an official from the NTS…