Latest news with #Skew
Yahoo
24-05-2025
- Business
- Yahoo
Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls
Crypto traders betting on a steady bitcoin BTC rally got a sharp reminder of headline risk from Donald Trump's latest tariff threats. Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news. Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum's ether ETH followed with close to $87 million. Other tokens, including Solana's SOL SOL, dogecoin DOGE, and SUI SUI saw liquidations ranging between $10 million and $18 million. "Nice aggregate flush of long leverage and de-risk selling from spot," well-followed crypto trader Skew noted in an X post early Friday. "All driven by headlines once again." The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war. As a result, BTC and major altcoins such as Ether ETH, XRP XRP, and Cardano ADA fell 3% to 4%, while smaller-cap tokens like Uniswap UNI and SUI SUI dropped 5% to 7% over the past 24 hours. Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X. Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on in to access your portfolio
Crypto Insight
23-05-2025
- Business
- Crypto Insight
P2P lending platform comes out of stealth after two years of development
Skew, a Switzerland-regulated peer-to-peer lending platform with a debit card, provides crypto users access to the lending market while enjoying traditional services. While decentralized finance (DeFi) has made significant strides in recent years, the global lending market remains mainly in the hands of traditional institutions. Banks and centralized platforms continue to act as gatekeepers, sidelining smaller borrowers and individual investors. Peer-to-peer (P2P) lending presents an alternative by removing intermediaries and enabling direct capital exchange. Despite carrying a huge potential, factors such as regulatory uncertainty, low consumer trust and the technical complexity of many crypto platforms have hindered its mass adoption. With a current P2P market size of approximately $250 billion and with estimates of $1 trillion by 2032, the P2P platform dynamic is shifting. Much like Uber reimagined transport and Airbnb reshaped accommodation, a new generation of platforms is rethinking P2P finance, merging blockchain's transparency and automation with interfaces designed for everyday users. One such platform is Skew, a registered Switzerland-based peer-to-peer crowdlending platform. Skew directly connects lenders and accredited borrowers using either fiat or digital currencies, making lending simpler and more accessible while also eliminating unnecessary intermediaries. By removing middlemen, lenders achieve higher returns, borrowers enjoy better access to capital, and both sides benefit from greater overall value. Rebuilding finance around users Skew users bypass centralized lenders by connecting directly with others to negotiate terms in a P2P environment. Borrowers select their preferred assets or post crypto as collateral, while lenders have the flexibility to fund loans using fiat or digital assets, supporting both crypto-native and traditional participants. This gives accredited professional traders, crypto miners and other alternative businesses another way to leverage their existing capital, unavailable in traditional banking. One of the platform's core distinctions lies in how it handles risk for borrowers who want to use crypto as collateral. Unlike many lending protocols that automatically liquidate collateral when prices dip, Skew offers up to 100% loan-to-value without forced liquidations, as long as borrowers stay current on repayments. In practice, this approach provides users with greater control, even in volatile markets. SKW tokens are strictly utility-based and used exclusively for lender membership tier benefits and borrower loan origination fees. Lenders gain entry through a one-time membership tier activation secured by SKW tokens. Higher tiers give higher access and perks. Borrowers use SKW to pay loan origination fees. Unlike tokens used for staking, rewards, yield farming, speculative incentives, or emissions, SKW serves purely as an access mechanism. Also, membership isn't a sunk cost — after a locking period, tokens are unlocked and can be freely traded on the open market. Beyond lending, the platform integrates a real-world spending feature. Users who opt for the Skew debit card earn up to 8% in Skew Points on everyday purchases, which can be redeemed for gift cards from participating retailers. It's a straightforward reward system, built to deliver tangible value from day-to-day spending without the need to navigate complex liquidity pools or track volatile APYs. Just as important as the tools are the people using them, which is why Skew strongly emphasizes community. Borrowers, lenders and the founding team regularly engage in open, fully staffed Telegram channels, answering questions and exchanging ideas in real time. This level of user interaction is uncommon in financial services and helps foster transparency and trust. As a platform designed for everyday users, it supports both fiat and digital assets. The interface is modeled on familiar online banking and financial apps, making it easy for newcomers to use while still meeting the needs of more experienced users. Making decentralized lending practical and compliant Skew's journey began three years ago with a simple premise: finance should connect people directly. From there, the team focused on clearing Swiss compliance standards, securing licenses and laying the legal groundwork required to operate responsibly. After more than two years of development, Skew officially launched in May 2025. To mark the occasion, Skew announced a $100,000 giveaway for its first 1,000 members. Skew aims to serve both crypto-native users and those familiar with conventional banking. As CEO Daniele Capasso explains: 'Traditional companies — especially in real estate — have already approached us looking for an alternative to banks. They see the value in faster access to capital and better rates. And by using Skew, they also help bring crypto into real-world use. It's a win-win.' The CEO's philosophy is reflected in the platform's structure: simple account setup, live community chats and use cases that mirror familiar financial behaviors — like earning through spending or borrowing against existing assets. Rather than rushing to scale, the team focuses on adding features gradually, only when thoroughly tested and ready to support long-term growth. Skew is building something most DeFi platforms have ignored: a product people outside of crypto can actually use. With features like a debit card and a familiar user interface, Skew aims to make decentralized finance practical, compliant and usable for a broader audience beyond crypto natives. Source:
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets
Bitcoin's BTC surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000. After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading just above $107,000 according to CoinDesk's Bitcoin Price Index, modestly lower over the past 24 hours. Other cryptocurrencies took a hit as well, with ether ETH and solana SOL also slightly lower over the last day despite the early Wednesday run higher. The reason behind the price action may be as simple as traders taking profits on the quick rise — bitcoin was higher by nearly 50% since bottoming about five weeks ago. Likely contributing was the ripple effect of a U.S. treasury bond auction going awry and hitting risk assets. A sale of 20-Year bonds sold by the U.S. Treasury department saw weak demand, sending the yield on the 30-year Treasury spiking to 5.07%, its highest level in more than two years. The Nasdaq tumbled 1.5% in just an hour shortly after the news, while the S&P 500 declined 1.3%. "This is a ticking time bomb, swept under the rug,' said Josh Mandell, a longtime fixed-income veteran turned bitcoin analyst, prior to this afternoon's poor bond sale. 'We used to talk about the disaster that would ensue if ever there was a 'MISSED AUCTION' in 30-yr bonds,' Mandell said. 'A missed auction means that there were not enough bids to cover the offering… Were it not for the Fed, we would be experiencing a failure to roll over bonds right now which leads to default.' Kirill Kretov, trading automation expert at CoinPanel, said that liquidity from exchanges has been significantly removed since late 2024, "making the market thinner and more reactive," leaving bitcoin's price vulnerable to wild swings. "Structurally, there's room for explosive upside," he said, but "a sharp correction can happen at any moment." The $110,000 level has emerged as a key battleground in the current market structure, well-followed crypto trader Skew noted in an X post, describing it as the critical zone between a local high and a potential breakout point. According to Skew, there's a noticeable concentration of supply around this level, with Binance perpetuals showing a skewed ask-side order book and a buildup of short positions. "All point to a huge amount of liquidity here, usually pivotal for the market," Skew said. 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
