Count this as a potential sign that the institutional investment world is cozying up to the burgeoning decentralized finance market.
The post Bitwise launches new DeFi fund, offering exposure for accredited investors appeared first on The Block.
Quick Take
- In the crypto markets, both on centralized and decentralized markets, stablecoin yields are high compared to traditional markets.
- This is mainly due to a supply constraint for crypto dollars and a bull market — with BTC price up 374.9% in the past year.
- Funding rate arbitrage has the highest yield in centralized markets. Yield farms related to the AMM protocol Curve have the highest return for decentralized ones.
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.
Bitcoin’s volatility needs to recede for its price to remain high at around current levels, according to JPMorgan strategists.
The post Bitcoin’s current high price ‘looks unsustainable’ unless volatility decreases, say JPMorgan strategists appeared first on The Block.
Sweden’s Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.
The crypto services firm is connecting high-frequency traders who use electronic trading platforms to crypto exchanges.
James Bullard also likened bitcoin to gold as a safe-haven asset.
Rising bond yields are a threat to prices of hedge assets like bitcoin and gold.
Each month The Block Research hosts an analyst call reviewing the most important topics from the month prior. You can register for future analyst calls here.
This month Lars Hoffmann takes takes macro look at the month of January. Ryan Todd shares insights from MicroStrategy’s historic Bitcoin Summit, and Mika Honkasalo discusses his latest research, Cosmos IBC and arguments for application-specific chains.
You can view the full recording below and can download the accompanied slides here.
The move will aid South Korea’s OTC securities market.
