Bitcoin Ecosystem Tokens, RUNE, STX, and ORDI May See Gains After Halving
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.
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“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
The Solana DeFi application Kamino is offering a weekly yield of more than 999%, paid out in W and JTO tokens.
Degen Chain was released last week as a specialized network that sits atop Base, which itself is an Ethereum layer 2.
WIF touched the $4 mark early Friday before retreating as the meme coin sector showed the most volatility in a little-changed market.
DOGE prices tend to move on speculation about the token’s use on X, the Elon Musk-owned social media giant.
The Bitcoin Cash halving is expected on Apr.4, blockchain trackers show, and has historically preceded price bumps.
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.