Bitcoin (Bitcoin) It became more dominant In the crypto market, due to the impending halving and risk aversion in the broader market. The largest cryptocurrency by market value was trading below $61,400 in Asian hours on Thursday, data from CoinDesk Indices showed, with difficult macroeconomic conditions intensifying the decline in risk assets. CoinDesk 20, the world's most liquid digital asset index, fell 3.3% to 2,125. Bitcoin may be going through tough times, but things are getting worse for layer 1 blockchains and altcoins. Top layer 1 tokens like Solana (SOL) have fallen over 20% over the past week. Avalanche (AVAX) is down 26%, Cardano (ADA) is down 23%, and Filecoin (FIL) is down 30%.
Cryptocurrency exchange Binance was removed from India several months ago. looking for He will be able to re-enter the country after paying a $2 million fine, the Economic Times reported on Thursday. Earlier this year, Binance and some other exchanges were removed from the Apple Store in India after India's Financial Intelligence Unit (FIU) sent them compliance “show cause” notices. Other companies sent notices at the time were OKX, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
USDe holders must: monitor According to data provider CryptoQuant, it has put in reserve funds for the project to avoid risks associated with the possibility of negative funding rates. Ethena Labs, the company behind the stablecoin, is currently offering investors who stake USDe or other stablecoins on its platform an annualized yield of 17.2%, a moving average of the past seven days. Yield is generated from tokenized “cash-and-carry” transactions that buy an asset and simultaneously sell it short to collect a capital payment. Funding is a way to bring asset prices closer to the underlying assets on derivatives exchanges. In a bull market, holders of long positions pay out their short positions, while in a bear market the opposite is true.
