Bitcoin price fails to go parabolic as the US Dollar Index (DXY) falls — Why?

Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC.

Investors are now puzzled as to why Bitcoin hasn’t reacted positively to the declining DXY and what could be the next factor to trigger a decoupling from this trend.

US Dollar Index (DXY, left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph

Up to mid-2024, the US Dollar Index (DXY) had an inverse relationship with Bitcoin’s price, meaning the cryptocurrency often rose when the dollar weakened. During that time, Bitcoin was widely viewed as a hedge against inflation, thanks to its lack of correlation with the stock market and its fixed monetary policy, similar to digital gold.

However, correlation does not imply causation, and the past eight months

Read More at https://cointelegraph.com/news/bitcoin-price-fails-to-go-parabolic-as-the-us-dollar-index-dxy-falls-why?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742299378993&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742277644138&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

Converge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

Converge’s RWA infrastructure will benefit from Securitize’s growing presence in the tokenization market, with nearly $2 billion minted across various blockchains. The company recently announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one

Read More at https://cointelegraph.com/news/ethena-labs-securitize-blockchain-defi-tokenized-assets?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

Hashdex amends S-1 for crypto index ETF, adds seven altcoins

Asset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH), according to a March 14 filing. 

The revision proposes adding seven specific altcoins to the index ETF — Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF holds only Bitcoin and Ether.

Previous versions of Hashdex’s S-1 suggested the possibility of adding other cryptocurrencies in the future but didn’t specify which ones.

According to the filing,

Read More at https://cointelegraph.com/news/hashdex-amends-s1-crypto-index-etf-seven-altcoins?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742299378993&utm_campaign=rss_partner_inbound

Hashdex amends S-1 for crypto index ETF, adds seven altcoins

Asset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH), according to a March 14 filing. 

The revision proposes adding seven specific altcoins to the index ETF — Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF holds only Bitcoin and Ether.

Previous versions of Hashdex’s S-1 suggested the possibility of adding other cryptocurrencies in the future but didn’t specify which ones.

According to the filing,

Read More at https://cointelegraph.com/news/hashdex-amends-s1-crypto-index-etf-seven-altcoins?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound