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Assessing DeepBook’s 12% rally amid $23M in market activity
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That's not all though as derivates market activity hiked alongside a spike in trading volume too. For instance, derivatives volume climbed by 637.49% to $214.37 million, considerably exceeding the expansion recorded across spot markets.
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It's been a good few days for Quant. Both on the institutional and price front. QNT hiked by 38% on the charts. This, a few days after #Quant was selected by the Clearing House for its On-Chain Money Initiative
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MiCA has already banned stablecoin yield. However, some, such as Circle’s USDC and EURC, still earn yield via DeFi strategies. This could be risky. In fact, the watchdog highlighted over-leverage, contagion risks, hacks, and fraud, among other issues.
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Should #DeFi lending and borrowing be regulated? Maybe, yes. At least that's the view of the European Banking Authority (EBA). It's the EBA's role to craft policy and regulate the EU-wide banking sector to ensure financial stability and user protection.
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