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Negative GDP in Q3 Catches Market's Attention
CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC
Circle’s cirBTC held 42.5 BTC against 40 tokens, but WBTC and cbBTC remain thousands of times larger ahead of Arc’s launch.
Arthur Hayes Identifies Major Undervalued Crypto Asset
Arthur Hayes, co-founder of BitMEX and head of the Maelstrom investment fund, believes that the major crypto asset Ethereum remains one of the most undervalued in the market, despite its potential to grow rapidly by three to five times.
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Stablecoin reserves are increasing demand for U.S. Treasury securities, but the effect is concentrated in short-term instruments. The structure of accumulating reserves focuses on Treasury bills with a remaining maturity of 93 days or less and cash-like assets.
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