Summary: JP Morgan analysts expect the ratio of staked Ether to move towards the 60% average on other Proof-of-Stake blockchains. The bank added that yield returns could dip while the number of validators on Ethereum should increase to over 2 million. JP Morgan also sees liquid staking protocols like Lido Finance claiming more ETH staking …
February 9, 2023 by Ammar Raza MakerDAO, the leader in decentralized finance (DeFi), has seen a major boost in its capabilities due to Phoenix Labs. The blockchain firm has proposed Spark Lend, a new DeFi solution built on top of the MakerDAO platform. It will allow anyone to borrow DAI, MakerDAO’s stablecoin, at the Dai …
Phoenix Labs Takes MakerDAO To The Next Level With Spark Lend Proposal Read More »
Regenerative finance (REFI) is a new and rapidly expanding field of finance that has the potential to have a significant impact on the crypto space. Simply put, regenerative finance is a financial system that prioritizes the health and resilience of ecosystems, communities, and the planet over financial gain. It represents a departure from traditional finance, …
Understanding the Role of Regenerative Finance (ReFi) in Crypto Read More »
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers to Test GHO Before Mainnet Deployment On Thursday, Aave Companies …
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United States 4-Week Bill Auction: 4.52% vs 4.49% Read More »
The USD/JPY 1-hour chart portrays the formation of a bullish continuation chart pattern, keeping bulls hopeful of higher prices. USD/JPY Price Analysis: Long-term is still downward biased unless it breaks resistance around 133.00. The USD/JPY erases Wednesday’s gains and aims toward the lows of the 130.30-132.90 range during the North American session, eyeing a break …
USD/JPY Price Analysis: Bullish momentum remains as a falling wedge forms Read More »
Gold is seeing a minor setback but remains above the 55-Day Moving Average (DMA) at $1,844, which should act as the bottom of a short-term range for now, according to strategists at Credit Suisse Crucial support aligns at $1,776 “Gold has stalled in the short-term, in line with our view from last week that the …
Gold Price Forecast: XAU/USD manages to hold above 55-DMA at $1,844 – Credit Suisse Read More »
UK growth is set to stagnate but recession narrowly averted. Regarding the EUR/GBP, Kit Juckes, Chief Global FX Strategist at Société Générale, expects the pair to correct lower toward 0.8750. Series of EUR/GBP higher highs being followed by largish corrections continues “Tomorrow we’ll get UK Q4 GDP data, with a consensus at zero which dodges …
EUR/GBP could correct to 0.88 or even 0.8750 before the uptrend resumes – SocGen Read More »
The Swiss National Bank is no doubt one of the central banks that surprised rather on the hawkish side over the past year. Esther Reichelt, FX Analyst at Commerzbank, expects the SNB to remain committed in its fight against inflation, capping EUR/CHF upside. The Swiss Franc is standing up well. “Despite a generally cautious rise …
EUR/CHF: Upper end less attractive as SNB likely to remain alarmed for now – Commerzbank Read More »