Onyx Protocol is a decentralized platform that facilitates a peer-to-peer money market lending protocol. The Onyx Protocol supports a variety of digital assets, such as Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Furthermore, NFTs can be supplied as collateral to enhance the borrowing capacity of the corresponding account.Onyx Protocol’s underlying mechanism is powered by Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain that serves as both the protocol's governance and utility token. Credit lines accessed and borrowed through the Onyx Protocol do not have monthly payments or expiration dates, and they remain perpetual as long as the collateral is deemed sufficient.#xcn #chain #eth #ERC20

Howard Lutnick, CEO of Cantor Fitzgerald, one of the important US-based financial services companies, stated that he is a Bitcoin maximalist and said that he also admires Tether.While #Bitcoin continues to firmly maintain its position as the largest cryptocurrency, when it comes to stablecoins, this seat belongs to USDT... Howard Lutnick, CEO of Cantor Fitzgerald, one of the most important asset management companies, said that he is a fan of these two cryptocurrencies.“Not like Ethereum or other layer 1s”Participating in a podcast of the US media CNBC, Lutnick said that cryptocurrencies and tokens other than Bitcoin and USDT are useless:“I'm a fan of cryptocurrencies, but to be more specific, I'm talking about Bitcoin. Only Bitcoin... I don't think other coins are of any use. Bitcoin's power comes from its decentralization. So it's not like #Ethereum or other layer 1 projects. “The only asset they cannot take away from you is Bitcoin.”“Tether has too many bonds”Expressing his admiration for the #Tether company and its token, USDT, the CEO said:“I'm also a fan of Tether. As a company, we hold the bonds they own. “They have too many bonds.”#btc #xcn

While the FED's interest rate decision to be announced today is awaited in Bitcoin, expectations are focused on the #FED keeping interest rates constant.The USA implemented a tightened monetary policy to combat increasing inflation since the end of 2021 and continued by increasing interest rates.While inflation began to cool down in the USA, which is struggling with the highest inflation of the last 40 years, the FED did not increase the interest rate in November and kept it constant between 5.25% and 5.5%.At this point, while all eyes are on the FED's interest rate decision to be announced today (UTC 19:00), expectations are once again focused on the FED keeping interest rates constant.As you may remember, Powell stated in his speech at Spelman College in Atlanta at the beginning of December that it was still early for interest rate cuts and easing. "It would still be early to conclude that we have reached a sufficiently restrictive stance or to comment on when policy may be eased." We are ready to tighten further if necessary, and the Fed will raise interest rates again if necessary to reduce inflation. The FED policy rate has entered the restrictive zone, but the FOMC continues to act cautiously.” He gave the message that they could progress more firmly.FOLLOW, DON'T MISS IMPORTANT INFORMATION!#btc #bitcoin #xcn #eth