Live Feed

The Crypto Perp DEX Mania May Quickly Fizzle Out: BitMEX CEO

BitMEX CEO Stephan Lutz cautions that the current excitement around decentralized exchanges (DEXs) like Hyperliquid and Aster may be short-lived, predicting that their incentive-driven models are too fragile to sustain in the long term. The perpetual DEX sector is experiencing intense competition, with new platforms surpassing previous leaders, indicating a race for market share. Lutz characterizes DEXs as potentially reminiscent of pump-and-dump schemes due to their heavy reliance on incentives to attract users, which may ultimately lead to liquidity challenges. In contrast, centralized exchanges such as Coinbase are seen as being in a stronger position to withstand shifting market dynamics. Furthermore, Lutz shares BitMEX’s strategy to bridge centralized and decentralized exchanges while also moving their infrastructure to Tokyo to enhance trading volume and liquidity. He anticipates that the upcoming crypto cycle will show less volatility than before, potentially transforming Bitcoin into a more stable asset class accepted by institutional investors.

Source 🔗

Michael Saylor's MSTR Will Again Earn Consideration for S&P 500

Michael Saylor's company, Strategy (MSTR), is set to report its second consecutive profitable quarter, primarily due to a rise in bitcoin prices. The company's earnings are projected to reach approximately $2.9 billion, or $10 per share, as bitcoin's value increased to around $114,

Aleo, Paxos Labs Launch Privacy-Focused Digital Dollar USAD

Paxos Labs and the Aleo Network Foundation have introduced the USAD token, a privacy-focused stablecoin pegged to the U.S. dollar. Built on Aleo's zero-knowledge blockchain, USAD encrypts wallet addresses and transaction amounts, targeting financial institutions concerned about transaction data security. Backed by investors such as a16z, Coinbase

Crypto Markets Today: Market Rallies, Altcoins Lead Gains; Zcash Hits 16-Month High

Crypto markets saw significant movement as Bitcoin and Ethereum rose nearly 3%, but the spotlight was on altcoins, which experienced double-digit gains. Notably, Zcash soared 41% to its highest price since May 2022, driven by high trading volumes. The U.S. government's impending shutdown weakened the dollar and

Read next