5時間前
Bitcoin Liquidity Stays on Centralized Platforms as DeFi Struggles To Automate Market Making
On January 12, 2026, Michael Egorov argued that Bitcoin liquidity will remain concentrated on centralized exchanges, ETFs and custodians because DeFi has yet to replicate professional market makers. He noted that only 0.79% of BTC supply is deployed in DeFi, while products like ETFs already hold about 7% of Bitcoin’s market cap. Until on-chain systems can automate pricing and passive liquidity like CEXs, he believes most institutional and retail capital will avoid complex DeFi tools.
BTC
BTC-0.77%
5時間前
5時間前
Ethereum futures leverage falls to 0.67 by Jan. 11 as spot demand eyes $4,000
ETH’s estimated leverage ratio eased from 0.79 on Jan. 2 to 0.67 by Jan. 11 while open interest climbed, and spot-led buying strengthened. Aggregated futures OI has rebounded toward pre-Q4 2025 drawdown levels, yet ETH trades about 27% below its Oct. 10, 2025 opening price. Staking inflows and macro signals add potential tailwinds for a push toward $4,000.
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ETH
ETH-1.47%
5時間前
5時間前
Stablecoin Trilemma: Why Hundreds of Dollar-Pegged Tokens Compete for Liquidity, Scale and Decentralization
On January 12, 2026, Gleb Kurovskiy analyzed why hundreds of stablecoins coexist despite sharing the same $1 on-chain goal. He argues they represent different trade-offs across peg stability, decentralization and scalability, with fiat-backed, crypto-collateralized and algorithmic designs each optimizing for different risks and use cases. As stablecoins grow toward systemic scale, their liquidity management, reserve composition and integration with traditional finance could reshape how digital dollars move and where financial fragility emerges.
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TUSD
TUSD+0.07%
5時間前
7時間前
Dogecoin Climbs Above Key Bollinger Levels As Analysts Flag Potential Trend Turn
Dogecoin has risen about 17% from its December 31 low, with analyst Cantonese Cat highlighting a clear shift in how the coin trades around its daily Bollinger Bands. Price has moved from persistent pressure near the lower band to the upper half of the range, with DOGE recently closing around $0.1405 above a 20‑day basis near $0.1348. On higher timeframes, the analyst frames the structure as a Wave 2 correction between Fibonacci levels at roughly $0.1177 and $0.1542, with multiple upside extensions mapped out. The key near term focus is whether DOGE can hold above the daily basis line and eventually clear the upper band region near $0.1564 while trading around $0.13674 at press time.
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DOGE
DOGE-2.53%
7時間前
7時間前
BitGo Targets $201 Million on NYSE With BTGO IPO at $15–$17 Per Share
BitGo Holdings Inc., a crypto custody provider, has filed for an IPO on the NYSE under the ticker BTGO, aiming to raise up to $201 million. The company plans to offer roughly 11.8 million Class A shares in a price range of $15 to $17, with Goldman Sachs and Citigroup leading the underwriting. This move marks the first major crypto-related IPO since a major market adjustment in late 2025 and could reinforce BitGo's position in the regulated U.S. digital asset sector.
7時間前