Latest news with #Avalanche
Forbes
a day ago
- Business
- Forbes
Is Stablecoin ETF The Next Big Thing In Crypto ETFs?
An illustration of the Bitcoin spot ETF. NurPhoto via Getty Images Crypto ETFs have come a long way, even though it's only been less than 4 years since the first Bitcoin futures ETF was introduced. After years of legal resistance, spot Bitcoin ETFs finally hit the US markets in early 2024, bringing in billions in capital inflows. As of now, the landscape includes a mix of futures-based products, spot ETFs for BTC and ETH, and, what's interesting, a growing demand for a broader crypto exposure. Recent filings for ETFs representing assets like XRP, AVAX, APTOS, SUI, and even memecoins like PENGU or DOGE raise questions about strategy and, rightfully so, the intent behind them. Some of these companies, such as Ripple and Avalanche, have strong ecosystems with long-lasting commitments. Others—like Dogecoin or Pudgy Penguins—are driven more by community hype than fundamentals. So, what is the driver behind institutions filing for such ETFs? Part of it is seizing the opportunity when the time is ripe. As the SEC begins to approve more crypto ETFs, issuers rush to be among the first to launch an instrument that has the potential to gain traction beyond the crypto space. Another, equally important angle is diversification, which guarantees a broad spectrum of risk-reward profiles for different client segments. However, it's also possible that they're strategic plays on brand visibility rather than a measure of product readiness in traditional finance. In contrast, stablecoins have found their product-market fit and are grounded in utility, spanning the entire blockchain industry, not just the DeFi sector. Stablecoins like USDC and USDT already play a significant role in the cryptocurrency market. They provide liquidity, price stability, often serving as on- and off-ramps. What many still fail to notice is a prominent movement away from vanilla stablecoins to yield-bearing stablecoins, which have surged to an 11 billion market size, constituting a 4.5% market share. The CEO of Pheonix Labs, core contributor to Spark, Sam MacPherson, pointed out in one of his interviews how we need to 'grow the pie of DeFi' with ETFs as an instrument to secure inflows into digital assets. In the case of an interest-generating stablecoin ETF, it could provide exposure to DeFi-native strategies via providing liquidity to high-yielding positions. What's important to note is that yield-bearing stablecoins can be categorized depending on their own mechanism for generating returns. T-bill-backed stablecoins, such as USDY from Ondo Finance, derive their yield from short-term U.S. Treasury bills, essentially functioning like tokenized money market funds. For a stablecoin ETF to make economic sense, the yield would have to be significantly more attractive than a risk-free rate, which currently sits at 4.24% per annum and is mirrored by USDY. However, there are other categories. Mixed yield source stablecoins, such as USDS from Sky Ecosystem, which blend returns from a variety of sources, including staking and lending. Arbitrage-based stablecoins, like USDe from Ethena, rely on sophisticated trading strategies to find inefficiencies between derivatives and spot markets. Finally, debt-backed stablecoins, like crvUSD from Curve, are minted against collateral and earn yield through lending protocols. In comparison to RWA-backed models, these tend to be more dynamic and DeFi-native, which makes them more likely to be wrapped by an ETF. Across the current ETF offerings, wrapping an interest-bearing token is a compelling middle ground. It's neither the volatility of BTC or ETH, nor the near-zero return of cash or vanilla stablecoins. Think of it as an alternative somewhere between these two options. Just like stablecoins are considered tokenized cash or money market funds, this ETF would turn stablecoins into a more formalized, yield-generating asset class for traditional finance. As spot crypto ETFs mature, investors are actively seeking risk premiums with greater stability. In a market where crypto narratives evolve quickly, a yield-bearing stablecoin ETF could be the next wave, offering crypto-originated income that is not purely speculative in its own. However, it is never that simple. The US regulators and the Stablecoin Act, which suggested banning yield-bearing stablecoins, will undoubtedly create a friction for such an ETF. This, in turn, may lead to bringing more structure to this sector of digital assets or will allow other jurisdictions to capture investor appetite. While the idea of a yield-bearing stablecoin is interesting, the regulatory aspect will ultimately make or break it.
Yahoo
2 days ago
- Business
- Yahoo
Beyond the 'TACO' Trade: Has Bitcoin Moved on From Tariffs?
Nonco CEO Fernando Martinez joins CoinDesk for a deep dive into the crypto market's reaction to Trump's tariff talks and policies. Fernando weighs in on bitcoin's recent activities and the catalysts driving Hyperliquid and Avalanche. Plus, insights into the global stablecoin boom and how Latin America can utilize it for remittances. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Sport
- Time of India
Jason Robertson injury and losing streak leave Stars in crisis before Avalanche clash
Jason Robertson injury and losing streak leave Stars in crisis before Avalanche clash (Image Source: Getty Images) The Dallas Stars' regular season finish did not match their expectations. They lost to the Nashville Predators on Wednesday night. Instead, it gave them more problems. The biggest concern came when forward Jason Robertson left the game in the second period. He took a hard hit from Nashville's Michael McCarron and did not return. Reporters saw him leave the arena wearing a knee brace. The team said it was a lower-body injury. Jason Robertson's injury adds to Dallas Stars' trouble Jason Robertson was one of Dallas' best players all season. He played in all 82 games and led the team with 35 goals. But in this game, he was on the ice for just over six minutes before he got hurt. Losing him just before the playoffs is a major blow for the Stars. Head coach Pete DeBoer said after the game that resting players in the final games was supposed to help avoid injuries, not cause new ones. 'The purpose of resting people down the stretch was to hopefully avoid injury, and unfortunately, we didn't do that with the Robertson injury,' he said. 'So, tough night.' Also Read: Dallas Stars Eliminated In Game 5 Of The Stanley Cup Final Miro Heiskanen and Tyler Seguin still have question marks Jason Robertson isn't the only injury worry for the Stars. Miro Heiskanen is now recovering from knee surgery he had in January. He has started skating again but hasn't played yet. With the regular season now over, it's not clear if he'll be ready for the first round against the Colorado Avalanche. Reports say the team is hoping Heiskanen can return, but there's no guarantee. 'It's very possible Heiskanen is not available at all during the first round,' said TSN's Chris Johnston. Tyler Seguin, another key player, finally returned to the lineup on Wednesday. He had hip surgery and missed 58 games. The good news is that he played nearly 15 minutes and picked up an assist. That was one of the few bright spots in a game filled with bad news. The Dallas Stars are heading into the playoffs with a lot of concerns. They've now lost seven games in a row. Jason Robertson, their top scorer, got hurt in the last game of the regular season. Miro Heiskanen may not return in time. Tyler Seguin came back and played well, yet the team is not in a healthy state. Dallas will play Game 1 on Saturday against the Avalanche; they must rapidly locate solutions if they hope to go far in the playoffs.
Yahoo
3 days ago
- Business
- Yahoo
ATOM Faces High Volatility Amid Notable Price Swings
ATOM saw significant volatility with prices ranging from a high of $4.848 to a low of $4.413. Over the past two hours, fluctuations were observed with peaks at $4.492 and troughs at $4.454. Geopolitical tensions and evolving trade policies influenced ATOM's performance, impacting broader financial markets and cryptocurrency valuations alike. Increasing interest in ATOM and other cryptocurrencies like Avalanche and Polkadot reflect potential June gains, underlined by volume surges and strategic blockchain integrations. In recent observations, ATOM experienced substantial volatility with its price oscillating between highs and lows in a dynamic market setting. A notable price range of $0.435, representing a 9% change, indicates turbulent trading conditions. Significant market activity, especially observed on May 30 with a volume spike to 3.05 million, contrasts with a broader trend of decline in volume, suggesting heightened but selective market interest. This uptick coincides with geopolitical tensions, which not only influence trade policies but also hold sway over inflation and monetary policy decisions. Such macro-level factors present a complex net of influences that investors must navigate. Additionally, microeconomic elements such as burgeoning interest in blockchain-based cryptocurrencies hint at potential breakout performances for ATOM, along with AVAX and DOT. Price range observed: $4.848 (high) to $4.413 (low). - Support level identified around $4.67 with resistance at $4.84. Recent short-term support near $4.45 and resistance at $4.48. Volume surge noted at 3.05 million on May 30, indicating potential market interest. Sign in to access your portfolio
Economic Times
3 days ago
- Business
- Economic Times
Bitcoin slips below $106k amid renewed geopolitical, economic uncertainty
Bitcoin fell below the $106,000 mark on Friday, trading at $105,857 as of 12:14 PM IST after hitting an intraday low of $104,684. The correction comes amid rising macroeconomic uncertainty and renewed global tensions, dragging the broader crypto market lower. The total market capitalization declined 2.12% to $3.34 trillion, according to CoinMarketCap. ADVERTISEMENT Ethereum also came under pressure, shedding 4% to trade at $2,616. Most major altcoins followed suit. Dogecoin dropped 7.5%, Shiba Inu fell 7.3%, Avalanche declined 8%, while Cardano, Solana, and XRP slipped between 4–5%. Chainlink and Sui also posted losses, while BNB saw a relatively milder decline of 2%. 'Bitcoin is consolidating near $106,000 amid geopolitical uncertainty, as stalled US–China trade talks have revived trade war concerns,' said Edul Patel, CEO of Mudrex. He noted that weaker US economic data, including a GDP contraction in Q1 and rising jobless claims, is further weighing on sentiment. 'BTC needs to reclaim the $108,000 level for sustained momentum. Without follow-through buying, it could test the $103,700 level.' Vikram Subburaj, CEO of Giottus, attributed the sharp drop below $105,000 to 'uncertainty regarding US tariffs,' adding that Bitcoin has recovered some ground but must consolidate at higher levels to avoid structural weakness. He pointed out that institutional demand remains strong, citing Coinbase's Premium Index staying positive for 20 straight days. Open interest in crypto has surged to $75 billion, nearing record highs, with a cluster of short positions between $107,000 and $113,500 potentially setting up the market for a short dominance has risen to 63%, with a market cap of $2.1 trillion. Daily trading volume has increased 14.5% to $58.83 to the CoinSwitch Markets Desk, adding to the volatility, Bitcoin saw a $471 million outflow from ETFs this week. Still, institutional interest appears intact. Meanwhile, Delta Exchange's Riya Sehgal highlighted a record $6.22 billion inflow into the iShares Bitcoin Trust ETF in May. She noted that Bitcoin remains under short-term bearish pressure, trading below both its 50-day and 200-day moving averages. ADVERTISEMENT In a separate development, Pakistan's newly formed crypto council announced plans to build a strategic Bitcoin reserve. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
