Latest news with #Madhavji
Mint
5 days ago
- Business
- Mint
Canadian dollar dips as greenback notches broad-based gains
Canadian dollar falls 0.2% against the greenback Extends pullback from a seven-month high Price of U.S. oil settles 1.6% higher Canada-U.S. 10-year spread widens 5.1 basis points TORONTO, May 28 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday as recent U.S. economic data bolstered the appeal of the American currency and ahead of domestic GDP data that could guide expectations for the Bank of Canada policy decision. The loonie was trading 0.2% lower at 1.3830 per U.S. dollar, or 72.31 U.S. cents, extending its pullback from a seven-month high on Monday at 1.3684. "It's a U.S. dollar story - the U.S. dollar is outperforming across the board," said Rahim Madhavji, president at "The U.S. economy is potentially doing better than some had expected." Data on Tuesday showed that U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China. "All eyes are looking towards the GDP data on Friday in Canada, which will obviously be a key indicator for the Bank of Canada," Madhavji said. Canadian gross domestic product data, due on Friday, is expected to show that the economy grew at an annualized rate of 1.7% in the first quarter, down from 2.6% in the previous quarter. Investors expect the BoC to leave its benchmark interest rate on hold at 2.75% at a policy decision meeting next Wednesday after recent domestic data showed underlying inflation heating up in April. The central bank paused its easing campaign last month for the first time since it began cutting rates in June. The price of oil, one of Canada's major exports, settled 1.6% higher at $61.84 a barrel as OPEC agreed to leave its output policy unchanged and the U.S. barred Chevron CVX.N from exporting Venezuelan crude. The Canadian 10-year yield eased half a basis point to 3.252%, while it was trading 5.1 basis points further below the equivalent U.S. rate at a gap of nearly 123 basis points. (Reporting by Fergal Smith; Editing by Aurora Ellis)
Yahoo
08-02-2025
- Business
- Yahoo
Bitcoin yield strategies are reshaping trading, says top investor
Arbitrage and yield-generating strategies are reshaping Bitcoin trading, offering lucrative opportunities in the landscape. According to Aly Madhavji, founder of Blockchain Founders Fund, execution — not just vision — is what separates real innovators from the noise. "Ideas are cheap, right? Everyone's got ideas, but execution's really what matters," Madhavji said on a panel discussion with Roundtable host Rob Nelson. Highlighting the work of Robbie Greenfield, CEO of Umoja Labs, Madhavji pointed to the company's innovative approach to Bitcoin yield generation. "He's got an incredible background building successes over his career. But I think you pair that with what he's been doing on Umoja, and I think it's very impressive. He's come out to market now with this YBTC product. He's getting pretty incredible traction and it's proving out,' Madhavji added. Bitcoin arbitrage has become one of the most viable trading opportunities, leveraging inefficiencies across centralized and decentralized exchanges. Greenfield noted that funding fee arbitrage remains a highly profitable strategy, particularly in bullish market conditions. "You have derivative markets on centralized exchanges, on decentralized exchanges, and they want to make sure that their markets are trading evenly, right, in terms of shorts and longs. And they'll pay a funding fee if they see shorts are really down," Greenfield explained. "Exploiting the differences in the funding fees between these different exchanges earns you very good yields, especially in bull markets. If you're using a delta-neutral strategy, which leverages funding fee arbitrage to a certain extent, that can earn you wise upwards of 10% to 15%." Madhavji noted that the impact of companies like Umoja Labs is being recognized by some of the biggest players in the industry. "He's got some of the world's best investors now coming to his door and backing them like Coinbase. And I think that's very important to see and recognize. He's really helping to transform the industry by bringing yield to Bitcoin and solving some of the biggest challenges that traders in this space are actually encountering Sign in to access your portfolio
