PayPal’s Stablecoin Part of Third Largest Liquidity Pool on Curve
Curve’s FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.
Curve’s FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.
The revelation raises questions about the investments regulator’s security protocols.
Lawmakers and crypto boosters are asking questions about how the SEC’s X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday.
BitGo was also recently named by Hashdex as the custodian in its application to become an issuer of a spot exchange-traded fund.
The immediate price reaction showed that bitcoin’s price might be capped if a real approval arrives, one analyst noted.
Bitcoin futures’ open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval.
The U.S. Securities and Exchange Commission has not yet approved any spot bitcoin ETF applications.
Luke Dashjr’s technical proposal sounded innocuous enough: to make the popular Bitcoin Core software “effective with newer datacarrying styles.” In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular “inscriptions” known as “NFTs on Bitcoin.”
The volatile episode came at a time when the crypto industry anxiously awaits a spot bitcoin ETF approval, a landmark for the asset class’ maturation.
Analysts from Standard Chartered, Galaxy and Corestone predict that a spot bitcoin ETF could see over $1 billion in inflows over just the first quarter.