DeFi platform Yield Protocol has announced its closure, citing weak demand for fixed-rate borrowing. The news comes against the backdrop of mounting r
egulatory pressure from global watchdogs. The DeFi sector also faces broader challenges after high-profile collapses in the crypto sector.Lido Finance Total Value Locked , the value of all crypto assets held in the protocol, reached $15.37 billion in the week to October 2, the highest level since August. The 10.24% weekly surge was largely fueled by Ethereum price gains, although the lukewarm launch of Ethereum Futures ETFs has pulled down Lido's TVL.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.Lido Finance Total Value Locked , the value of all crypto assets held in the protocol, reached $15.37 billion in the week to October 2, the highest level since August. Ethereum staking has seen a surge in the last seven days. Treasury bill yields are currently outperforming at the highest level since 2007.egulatory pressure from global watchdogs.
Ripple Labs victory over the US Securities and Exchange Commission around mid-July has been reaffirmed after a federal judge rejected the commission’s motion to file an interlocutory appeal.Bitcoin price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission . But investors need to be careful with the ongoing BTC rally as it could be a trap for early bulls.
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