Ethereum dropped another 10.2% this week, with the ETH/BTC ratio sinking toward 0.0275, and market maker Wintermute is now flatly calling ETH “not the right asset for this macro” as yields and inflation grind higher.
ZachXBT identified Shawn Liu as the real operator of Bitget, while describing CEO Gracy Chen as merely “the face” of the exchange. The investigator warned of an imminent escalation against the “Chinese centralized exchange cartel” and offered $10,000 for evidence of LAB token manipulation.
Funds leaving Aave are splitting across safer lending, simpler ETH exposure and off-chain yield, with stablecoins acting as a temporary refuge.
Circle, the financial technology company best known for creating the widely used USDC stablecoin, has announced the upcoming launch of Circle Wrapped Bitcoin (cirBTC). The token is supposed to bridge the bellwether cryptocurrency into the Decentralized Finance (DeFi) ecosystem.