DeFi may be ‘quietly re-rating’ given outperformance against Bitcoin: Bitwise
“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin.
Watchlist
Archive context. The story has cross-source confirmation.
“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin.
Why this matters
Bitcoin is showing up inside the DeFi theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CointelegraphSame story, other sources
Cross-source coverage
2 sources
Bitwise reports DeFi tokens outperform Bitcoin amid quiet re-rating
DeFi's resilience amid Bitcoin's decline signals a market shift towards revenue-generating prot...
Related market context
Kraken Parent Payward Takes AAVE Stake as Institutions Look Deeper Into DeFi
TL;DR: Payward, the infrastructure company behind Kraken, said November 5 that an affiliated fund and its clients had acquired an...
What Is a DeFi App? From Wallet Connection to Lending Deposit
Connecting a wallet does not authorize a deposit. A lending position is recorded onchain, separately from the website displaying i...
Stacks leads Bitcoin layers in Q3 DeFi TVL at $88.9 million
Stacks' dominance in Bitcoin layers highlights the potential and volatility of DeFi, with concentration risks and rapid value shif...
Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates
TL;DR: Strive reported $509 million in third-quarter GAAP net income and said it purchased 8,136 BTC during the quarter, followed...
Greece Approves 10% Crypto Gains Tax, 15% Levy on Staking and DeFi Income
Greece’s parliament has approved a sweeping cryptocurrency tax framework that imposes a 10% tax on capital gains and a separate 15...
Greece Passes Crypto Tax Law With 10% Gains Levy, 15% on Staking and DeFi
Greece has approved a crypto tax framework with a €500 ($557) annual gains threshold and new rules for staking and DeFi income, bu...