DeFi pressure affects currency prices, Coinbase’s staking business raises concerns😪
The currency prices of liquidity protocols such as Curve, Uniswap, Maker and Aave have continued to fall in the past 24 hours; the prices of BTC and ETH have remained at the levels of the past two weeks, but rising interest rates may have an adverse impact, just like high interest rates It also creates price headwinds for gold and other alternative assets.
Coinbase announced its performance results yesterday, with revenue slightly higher than expected (-12% vs. -22% expected). As cryptocurrency prices rebounded in the first half of the year, and interest income and staking income were higher than expected, the loss was (this 97 million in the quarter) was less than market expectations, but analysts are concerned about the long-term viability of the company's staking business as staking may become a regulated activity in the United States.
