Bitfinex Weekly Briefing (1017-1023)
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Bitfinex to List Hector (HEC), Retreeb (TREEB) and SpookySwap (BOO)
We are pleased to announce that Bitfinex will list Hector (HEC), Retreeb (TREEB) and SpookySwap (BOO) tokens.
Deposits for HEC (FRC-20), TREEB (FRC-20) and BOO (FRC-20) are now open on October 17, 2022 at 10:00 AM UTC.
Trading of HEC, TREEB, and BOO will be open from 10:00 am UTC on October 22, 2022.
For more information, please visit:https://hector.network/、https://retreeb.io/ 、https://spooky.fi/#/
https://www.bitfinex.com/posts/848
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Bitfinex Alpha | Persistent inflation weighs on global markets
Last week's worrisome inflation news didn't go away. Even in a market now with elevated inflation expectations, both the producer price index report and the consumer price index report came in above expectations. Core CPI rose 6.6% year-on-year, at a 40-year high.
The Fed still has work to do, and there is really only one lever at its disposal: monetary policy.
The stock market is now experiencing volatility almost on the scale of cryptocurrencies. Within two days, the market first rose and then fell, with a drop of more than 2%. In the bond market, the two-year yield hit a 15-year high; the yield curve remains firmly inverted as short-term Treasury bonds are higher than long-term Treasury bonds.
Our analysis of the Chicago Fed National Financial Conditions Index, which measures financial conditions in US money markets, debt markets, equities, and the traditional and shadow banking systems, confirms tighter-than-average conditions. Likewise, the Bond Market Options Volatility Index has surpassed levels reached during the 2020 flash crash, suggesting increasing stress in the bond market.
The ongoing sentiment is that the Fed will keep raising rates and inflicting pain on the markets until it is confident that inflation is under control or until something breaks. Interesting fact: things do seem to have changed in places like the UK and Japan. Are these early signs of a market cracking under austerity?
Sentiment is also decidedly bearish in both on-chain and crypto markets. Open interest in Bitcoin perpetual contracts has doubled since mid-April. On the one hand, this means more volatility is happening, but when we look at the BTC price trajectory historically, we think it is on track with previous bear markets, but with a twist. Long-term holders continue to buy the dip, accumulating 500,000 BTC over the past three months, in stark contrast to the weak hands seen by retail investors and short-term holders.
The question for us remains whether cryptocurrencies will emerge from the stress test of decoupling from other risk assets if we are in a new period of high volatility, or, as we have seen so far, keep pace with them conduct.
Last week, there was another $100 million huge hacker attack on the Defi platform. We delved into the risks of DeFi platforms in the learning section, as well as the slow progress in fixing some of their inherent vulnerabilities.
https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-persistent-inflation-puts-global-markets-under-pressure/
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Bitfinex to List Highly Scalable Layer 1 Blockchain Aptos (APT)
Bitfinex, a digital token trading platform, announced that it will list Aptos' native token APT. Aptos is a Layer 1 blockchain built by Web3 infrastructure company Aptos Labs, aiming to be the industry leader in secure and high-speed transaction processing.
Aptos Labs, launched in 2021 by former Meta employees Avery Ching and Mo Shaikh, built its nascent blockchain through its original Rust-based programming language called "Move." Aptos aims to provide its users with a secure blockchain and also allows customers to change their private keys at will for added security. In tests, the Aptos blockchain has been proven to achieve a processing speed of 125K-150K TPS per second.
With these increased speed and security capabilities, Aptos will support decentralized finance (DeFi) projects such as Wormhole, a cross-chain bridge that allows users to transfer assets between Layer 1 blockchains; Topaz, an NFT marketplace; ; Blocto, a smart contract wallet popular with users.
"We are delighted to welcome Aptos Labs and APT to our thriving digital token ecosystem," said Bitfinex CTO Paolo Ardoino. "Using the blockchain to facilitate greater freedom of choice and easier access to financial products and services is at the core of Bitfinex's vision, and we are excited to welcome projects with a similar ethos."
APT deposits will open on October 18, 2022. Trading of APT will open on October 19, 2022, with trading pairs for US dollars (USD) and Tether tokens (USDt).
https://blog.bitfinex.com/media-releases/bitfinex-to-list-highly-scalable-layer-1-blockchain-aptos-apt/
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Sterling Trading Frenzy, Bitfinex Launches Low-Cost, High-Speed On-ramp Service for British Pound (GBP) Fiat
Digital token exchange Bitfinex has launched a British pound (GBP) fiat on-ramp service for fast, easy and cheap GBP deposits.
The British pound recently fell to all-time lows against the U.S. dollar (USD) as Bitfinex partnered with fiat on-ramp service provider OpenPayd to launch the service.
Bitfinex experienced a massive spike in Bitcoin (BTC)/GBP volume. In terms of trading volume for this trading pair, the exchange ranked second in the CoinGecko exchange rankings on September 26.
OpenPayd’s GBP deposit service will enable Bitfinex customers to make near-instant transfers from bank accounts to their exchange wallets via Faster Payments, aiming to provide low-cost, high-speed fiat on-ramp services to the platform’s growing customer base.
"We are delighted to add the British pound to the list of currencies that can be used to quickly transfer in and out of our customers' accounts," said Paolo Ardoino, Bitfinex CTO. "This service, in partnership with OpenPayd, a specialist fintech payments provider, provides our customers The opportunity to deposit GBP quickly and cheaply. The high cost of converting fiat to cryptocurrency has been a barrier to entry for many new potential customers, and OpenPayd's new service offers a high-speed and low-cost solution.”
Bitfinex customers with Level 2 verification and above can now use the OpenPayd payment gateway to transfer GBP funds from their bank accounts to their exchange wallets for as little as 50p. There is no minimum or maximum deposit amount to use the OpenPayd service on Bitfinex.
https://blog.bitfinex.com/media-releases/bitfinex-launches-low-cost-high-speed-british-pound-gbp-fiat-on-ramp-service-amid-frantic-trading-of-uk-currency/
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Bitfinex reaches out to El Salvador devastated by Hurricane Julia
After the hurricane ravaged parts of El Salvador, Bitfinex supported victims of Hurricane Julia in the country with food distribution and emergency aid.
Milena Mayorga, the current ambassador of El Salvador to the United States, and members of Congress William Soriano and Christian Guevara personally made donations to some of the families of the victims on behalf of Bitfinex. Much of the bailout has been pulled in Union, destined to become the country's bitcoin city.
https://blog.bitfinex.com/media-releases/bitfinex-lends-a-hand-in-el-salvador-after-devastation-caused-by-hurricane-julia/
