Crypto has added to a Sunday rally, with bitcoin BTC$69,450.16 rising above $70,000 in quiet post-Easter U.S. trading hours. The gains come alongside a modest advance in the major stock market averages ahead of President Trump’s Tuesday ultimatum for Iran to open the Strait of Hormuz. Just past the noon hour on the East Coast,…
Polymarket said it expects to roll out a new 1:1 USDC-backed collateral token in the coming weeks as part of a broader overhaul of its trading platform, according to a post on X. The upgrade, described by the company as a “full exchange upgrade,” includes a rebuilt trading engine, updated smart contracts and a new…
Chaos Labs, one of Aave’s key risk managers, is leaving the DeFi lending giant’s ecosystem, marking the latest in a string of high-profile contributor exits that have reshaped the protocol’s core operating team in recent months. The departure follows earlier exits from major contributors like ACI (Aave Chan Initiative) and BGD Labs, signaling growing internal…
Bitcoin’s BTC$69,675.91 muted price action is masking a buildup of downside risk in derivatives markets, where traders are increasingly positioning for a sharper move lower. According to a recent Bitfinex report, the options market is showing a persistent gap between implied and realized volatility, with implied volatility holding in the 48% to 55% range while…
On-chain researcher Andrey Sergeenkov found that only 2% of the 2.5 million wallets analyzed have ever made over $1,000. 84.1% of all Polymarket traders are in the red, according to new research published today, April 6, by independent on-chain analyst Andrey Sergeenkov. The report looked at 2.5 million wallet addresses, analyzing data from on-chain transactions…
A 45-day ceasefire plan and Strategy’s $330M Bitcoin purchase buoyed crypto markets. Crypto markets rallied on Monday as mediators submitted a 45-day ceasefire plan to the U.S. and Iran, while Michael Saylor’s Strategy resumed buying BTC after a weeklong pause. Bitcoin is trading at around $69,700, up 3.7% over the past 24 hours. ETH surged…
The perpetuals exchange will use World Liberty Financial’s stablecoin as the sole settlement asset for its commodity markets, starting with gold, silver, and crude oil. Every perpetual contract tracking real-world assets (RWA) on Aster will settle exclusively in USD1, World Liberty Financial’s dollar-pegged stablecoin, according to posts from both projects on X. The first markets…
Polymarket USD replaces bridged USDC as part of an exchange-wide upgrade. Polymarket on Monday unveiled Polymarket USD, a proprietary collateral token backed 1:1 by USDC that will replace bridged USDC.e as the settlement asset across the on-chain prediction market. The new token is the centerpiece of what Polymarket called its most significant infrastructure change to…
The risk management provider exits after three years, marking the third departure of a core contributor in two months. Chaos Labs, the risk management firm that has “priced every loan on Aave since November 2022,” announced Monday that it is proactively terminating its engagement with DeFi’s largest lending protocol, citing a fundamental disagreement over how…
The synthetic dollar protocol is moving beyond its crypto basis trade roots into institutional lending, real-world credit, and equity and commodity perpetuals. Ethena Labs is finalizing its first direct lending agreements with Anchorage Digital, Maple Institutional, and Coinbase Asset Management as part of a sweeping plan to diversify the assets backing its USDe synthetic dollar….