Latest news with #Sentora
Yahoo
17-06-2025
- Business
- Yahoo
CoinDesk Indices, Sentora Unveil Stablecoin Overnight Rates to Mirror Money Market Tools
CoinDesk Indices and decentralized finance (DeFi) specialist Sentora are introducing a benchmark tied to overnight stablecoin lending rates, bringing on-chain markets one step closer to mainstream money markets. The CoinDesk Overnight Rates (CDOR) are designed to transform real-time borrowing activity into standardized rates, giving trading firms, exchanges, and protocol treasuries a way to hedge interest-rate exposure or fix funding costs over time, the companies said in a Tuesday press release. The benchmarks will initially draw from Aave lending pools for USDT and USDC, the two most widely used stablecoins. They are calculated and published daily, based on the platform's variable borrow rates. Stablecoins, a $250 billion class of digital tokens pegged to traditional currencies like the U.S. dollar, are key pieces of infrastructure underpinning the crypto economy. They are a popular vehicle for trading and on-chain transactions and are increasingly used for cross-border payments and foreign stablecoin adoption accelerates with more institutions and businesses getting involved, so the demand for sophisticated tools that mirror mainstream financial markets is growing. "Stablecoins are expected to grow into the trillions, but there is no institutional-grade money market for trading and hedging term rates," said Andy Baehr, the head of product and research at CoinDesk indices "CDOR rates provide a cornerstone element for the stablecoin rates markets, using the same conventions as traditional finance benchmarks, which support the largest derivatives markets in the world." Futures contracts that settle against overnight rates are also in the works, with Galaxy, FalconX, Flowdesk and Tyr Capital set to act as market makers, the press release said. "CDOR rates enable the creation of a broad range of financial derivatives that are currently missing in the crypto financial ecosystem," said Ed Hindi, chief investment officer at Tyr Capital. "This addition alongside a clearer regulatory environment should exponentially increase the interaction of institutional players with DeFi." 登入存取你的投資組合
Cision Canada
17-06-2025
- Business
- Cision Canada
CoinDesk Overnight Rates (CDOR) to Support Stablecoin Money Markets based on Aave
These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans. NEW YORK, June 17, 2025 /CNW/ -- CoinDesk Indices, a leading provider of digital-asset benchmarks, in collaboration with Sentora, a pioneer in institutional DeFi solutions, today announced the launch of CoinDesk Overnight Rates (CDOR), the first benchmark interest rates that draw upon Aave's lending pools to provide standardized overnight rates for major stablecoins. CDOR to Support Industry Growth CDOR rates are designed to support markets for hedging funding costs, securing yields, and developing cross-currency rate strategies. Calculated and published daily, these rates are accessible to exchanges, market makers, protocol treasuries, and structured-product desks. Stani Kulechov, Founder of Aave Labs says,"CDOR is a new benchmark interest rate built on Aave's deep onchain liquidity. It provides a transparent, risk-free lending rate that unlocks new use cases for stablecoins, such as derivatives and fixed-income products, enabling more efficient, scalable, and automated financial markets." The first CDOR rates utilize activity on Aave v3's Core variable borrow pools for USDC and USDT. CoinDesk Indices has released a methodology that converts this on-chain activity into a historical daily (or "overnight") rate that can be aggregated over longer periods. These pools, whose rates react instantly to changes to supply and demand, are important facilities in decentralized finance that reflect activity of a large population of borrowers and lenders. Andy Baehr, CFA, Head of Product and Research, CoinDesk Indices says "Stablecoins are expected to grow into the trillions, but there is no institutional-grade money market for trading and hedging term rates. CDOR rates provide a cornerstone element for the stablecoin rates markets, using the same conventions as TradFi benchmarks, which support the largest derivatives markets in the world." Anthony DeMartino, CEO, Sentora says, "Sentora's mission is to make on-chain finance as efficient as traditional finance. With CDOR rates you can switch from floating to fixed funding, or speculate on the curve, in a single, capital-efficient trade; a crucial building block that's been missing for years. These rates will enable new DeFi use cases and Sentora is happy to support the evolution of capital markets on-chain." Liquidity Providers Signal Support for CDOR Exchange-traded futures contracts, currently under development, will settle against CDOR rates and will provide market participants with new and powerful tools for risk management and strategy implementation. Galaxy, FalconX, Flowdesk and Tyr Capital will act as founding market makers. Ed Hindi, CIO, Tyr Capital says,"CDOR rates enable the creation of a broad range of financial derivatives that are currently missing in the crypto financial ecosystem. This addition alongside a clearer regulatory environment should exponentially increase the interaction of institutional players with DeFi. The ability to efficiently manage interest rate risk is a game changer for the CeDeFi markets. Tyr Capital is thrilled to be more widely involved in making the TradFi and crypto relationship more symbiotic." Jason Urban, Global Head of Trading at Galaxy says,"With CDOR rates, the market gains a powerful rate signal that reflects real-time borrower demand and enables smart, scalable trading strategies. It's a meaningful step in bridging DeFi and traditional finance, making stablecoin markets more accessible and actionable for sophisticated investors." Joshua Lim, Global Co-Head of Markets, FalconX says,"We are pleased to partner with CoinDesk Indices and Sentora on their CDOR product suite. The next phase of growth in crypto will be driven by convergence of CeFi and DeFi capital markets." Reed Werbitt, US CEO, Flowdesk says,"The introduction of CDOR will enable broader institutional adoption and participation in crypto credit markets, enhancing capital efficiency and risk management across our trading strategies. The ability to mitigate interest rate risk is a critical foundation of a functioning capital market, and we're excited to be working with Sentora to bring this product to fruition." By turning on-chain market activity into standardized interest rates, CDOR lays the groundwork for exchange-traded money-market futures and other rate-based derivatives. For additional information on CDOR please visit View the CoinDesk Overnight Rates (CDOR) - Aave | USDC and Aave | USDT. About CoinDesk Indices Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, its indices form the foundation of the world's largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. About Sentora Sentora, born from the recent merger between DeFi technology specialist IntoTheBlock and financial solutions provider Trident Digital, is a leader in developing institutional-grade DeFi solutions, yield strategies and risk-management infrastructure. Sentora's solutions connect leading digital asset firms and large capital allocators to the advantages of decentralized finance. About Aave Protocol Aave is the leading decentralized, non-custodial liquidity protocol, with over $40 billion in total value locked (TVL). It allows users to earn yield on deposits and borrow a wide range of digital assets without intermediaries. Core features include risk management tools such as supply and borrow caps, flash loans, and GHO — a decentralized, overcollateralized stablecoin native to the protocol. Aave is fully governed by the Aave Decentralized Autonomous Organization (DAO). Learn more or participate in governance at Disclaimer CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, "CoinDesk Indices"), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the "Content") is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved. Forward-Looking Statements: This press release may include "forward-looking statements" relating to future events or the Bullish Group's future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
Yahoo
12-06-2025
- Business
- Yahoo
ETH Bulls Tighten Grip as $393M Exits Exchanges and ETF Inflows Outpace Bitcoin
Ether( ETH) ETH struggled to maintain Tuesday's momentum, falling 0.15% to $2,758 amid selling pressure that emerged during U.S. afternoon trading on June 11. The pullback followed a brief rally to $2,872.42, which proved unsustainable as price action reversed sharply between 15:00 and 17:00 UTC, according to CoinDesk Research's technical analysis model. The late-session sell-off intensified in early Asia hours, punctuated by a 1.29% dip from $2,772 to $2,736 on heavy volume, before ether rebounded slightly toward $2,758 at press time. Despite the downturn, key metrics suggest rising conviction among bulls. Glassnode reported that options skew flipped sharply negative over the past 48 hours—one-week skew dropping from –2.4% to –7.0% — indicating increased demand for short-dated calls. Put-call ratios remain heavily tilted toward upside exposure, with open interest and volume ratios holding near multi-week lows. On-chain flows also reinforced the bullish bias. Analytics firm Sentora (formerly, IntoTheBlock) flagged that over 140,000 ETH, worth approximately $393 million, was withdrawn from exchanges on June 11 — the largest single-day outflow in more than a month. Simultaneously, ETH-based ETFs extended their inflow streak with another $240.3 million added Wednesday, surpassing the day's Bitcoin ETF totals. Analyst Anthony Sassano noted that Ethereum has avoided a single net outflow day since mid-May, calling the trend 'accelerating' and arguing that the asset remains structurally undervalued. While price action shows short-term weakness, market positioning and capital flows suggest traders may be buying the dip in anticipation of another upside attempt. Technical Analysis Highlights ETH traded within a $139 range between $2,733 and $2,872 before closing at $2,758. Heavy selling emerged near $2,870–$2,880 during June 11's late U.S. session. Support near $2,745–$2,755 was breached after multiple tests, triggering a quick declineVolume spiked above 34,000 ETH during a rapid drop from $2,772 to $2,736 early June 12. A temporary bounce toward $2,752 failed, and a new support zone may be forming near $2,735 Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Crypto Insight
04-06-2025
- Business
- Crypto Insight
Crypto VC deals hit 2025 low despite $909M raised in May
Cryptocurrency investment deals fell to their lowest point of 2025, as analysts cited a mix of market-specific and macroeconomic factors behind weakening venture capital (VC) activity. Only 62 rounds were completed in May, a monthly low last seen in January 2021, according to data from crypto analytics platform RootData. Despite the drop, the 62 investment rounds still raised more than $909 million, making it the second-best month of the year by value, trailing only March's $2.89 billion across 78 rounds The slowdown is likely a 'combination of market prices and sentiment,' as both 'peaked at the end of January and rebounded only in April, before ranging from May 23 on deterioration of tariff rhetoric,' said Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen. A challenging 'macro backdrop' paired with 'higher-for-longer policy rates, jittery bond markets and fresh tariff headlines have made it harder for risk assets to get new M&A deals over the finish line,' according to Patrick Heusser, head of lending at Sentora and a former investment banker: 'Most of the transactions we are seeing are consolidation plays, a pattern that typically emerges in cooling markets or after extended periods of range-bound pricing.' The disappointing year-to-date performance of most crypto assets added to the lack of interest, with Bitcoin 'standing out as a rare bright spot,' he added. M&A activity remains strong Despite the drop in venture deals, merger and acquisition activity remained robust. Coinbase Global acquired Deribit for $2.9 billion in a traditional merger and acquisition (M&A), the exchange announced on May 8. 'I also see many large deals going through the traditional liquid channels,' said Nansen's Barthere, adding that more crypto regulatory clarity will benefit 'direct deals between large companies and protocols, away from the VC market.' The $2.9 billion marks a new all-time high for crypto M&As, according to RootData sourced by Blockworks. The slowdown in VC deals may also be a function of 'seasonal patterns,' for May and June, according to Marcin Kazmierczak, co-founder and chief operations officer at blockchain oracle firm RedStone. 'Macro conditions certainly play a role, but I'd expect activity to pick up again as we head into early Q4; that's historically when the best deals get done and investors return from summer mode,' he told Cointelegraph. Source:
Business Mayor
26-05-2025
- Business
- Business Mayor
Ethereum Bullish Pattern Points To Immediate $3,000 Target
The Ethereum market price rose by a net 3.16% in what proved to be another historic week for the crypto market as Bitcoin registered a new all-time high price. Notably, the prominent altcoin has largely benefited from the general market resurgence in the past month, resulting in a 44.69% price increase over this period. Interestingly, popular crypto analyst Ted Pillows has tipped Ethereum to maintain this positive performance based on a bullish chart pattern. Related Reading: Ethereum Net Flows Turn Negative As Bulls Push For $3,500 Potential ETH Breakout Pattern Hints At $3,000 Mark – Analyst In an X post on May 24, Ted Pillows shares that Ethereum's price movement is forming an inverse head-and-shoulders pattern on the 12-hour daily trading chart, suggesting the altcoin may be due for a price breakout in the coming days. The inverse head-and-shoulders pattern is one of the classic bullish reversal patterns, signaling a potential change from a downtrend to an uptrend. Based on the Tradingview chart presented by Pillows, the left shoulder of this bullish formation of this bullish inverse head-and-shoulders pattern formed in February, when ETH sharply declined to around $2,000 before rebounding and entering a range-bound phase that persisted through the month. In the following months, ETH would register deeper price falls to trade as low as $1,400 in early April to form the head of this pattern. Since then, altcoin has staged a strong recovery, climbing to around $2,700, before entering another consolidation phase that now forms the right shoulder of the pattern. According to Ted Pillows' analysis, the $2,700 price mark represents the neckline of this inverse head and shoulders pattern. ETH bulls must achieve a decisive close above this resistance level to confirm any potential break, a task that has proven tough following two successive rejections in the past few weeks. However, if Ethereum convincingly breaks out above $2,700, Pillows backs the altcoin to swiftly reach the $3,000 price mark, indicating a potential 17.4% on the current market price. Ethereum Market Overview At the time of writing, Ethereum is trading at $2,500 after a 0.34% gain in the past day. Meanwhile, the asset's daily trading volume is down by 58.22% and valued at $12.35 billion. According to on-chain analytics firm Sentora, the Ethereum blockchain also recorded a 23.9% decline in network fees over the past indicating a decline in transactions and general network use. Meanwhile, $74 million in ETH were deposited in exchanges, representing the first inflows in over four months. Nevertheless, Ethereum's price has shown much resilience with no significant decline in response. READ SOURCE
