We’ve yet to see the major destructive unwind that looked so likely to occur in the DeFi frenzy on the way up. That said, it may still be around the corner
This week, BFX announced they would be adding perpetual swaps based on European equity indexes amid their growing suite of derivative products. We have been asked several times for our insights and will reiterate them here.
This weekend KuCoin Exchange, one of Asia's largest, reported what appears to be a USD 150 million equivalent hack in BTC and several other digital assets.
Over the past couple of weeks, a slew of reports and suggested crypto regulation have come out of the EU. In mid-September, EU finance ministers met in Berlin where crypto was a topic of discussion.
This past weekend saw precipitous price declines among DeFi tokens in what had otherwise been a consistent month-long bull-run in the subsector. It gave a preview on how ugly things could get.
Tether had its largest market cap growth ever in August. At a cap of USD 13 billion, it is over 10x larger than the world's second largest stablecoin USD Coin.
