The Block executive: A major feature of this cycle is that there are no new CeFi companies entering the market
On March 1st, TheBlock executive Frank Chaparro stated on X platform that an interesting aspect of this current cycle is that there are no new CeFi companies (brokers or lending institutions) entering the market. In other words, there are no new companies similar to BlockFi or Celsius raising funds. There are some hybrid companies in the market, but most of the innovation is not about bringing financial services into the cryptocurrency field, but about applying cryptocurrency technology to traditional finance and even broader fields.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Days Gone director speaks up after Sony cancels Bend Studio game
Share link:In this post: Days Gone director empathizes with Bend Studio developers. The director still wishes good for the studio despite quitting in 2020. His comments came after the cancellation of Bend Studio’s live-service project.
Ethereum Foundation prepares to join DeFi with 50,000 ETH
Share link:In this post: The Ethereum Foundation aims to find alternatives to selling ETH to cover expenses, looking into Aave lending. The Foundation received community feedback for being too conservative, instead seeking ways to secure passive income through staking or DeFi. The Ethereum Foundation has not funded new projects since 2023, after setting up grants for 17 crypto startups.
Ethereum Faces a Critical Test: Can Rollblock and XRP Lead the Next Rally?
Trending news
MoreCrypto prices
More
