Since 2021, major bitcoin price tops and bottoms have coincided with local peaks and troughs in the dollar liquidity index, as Arthur Hayes, co-founder and former CEO of crypto spot and derivatives exchange BitMEX, detailed in the Aug. 23 blog post while calling bitcoin, “a high powered measure of USD liquidity.”
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...