DeFi Markets Update: последствия краха xUSD и влияние пред-депозитов стейблкоинов

cryptonews.ruPublished on 2025-03-24Last updated on 2025-11-25

Падение xUSD стало главным источником волатильности, так как USDC-залог оказался сверхкредитованным. Об этом заявили исследователи Steakhouse Financial. Это вызвало серию ликвидаций в ончейне и де-привязки связанных активов, включая deUSD. Инвесторы начали массово избегать рисковых стратегий, предпочитая более прозрачные и консервативные решения. Ликвидность начала перераспределяться в сторону низкорисковых направлений.

Переход рынка сильно ударил по показателям заблокированных средств (TVL)в DeFi. Высокодоходные хранилища (vaults) ощутили заметный отток, отражающий изменение настроения поставщиков ликвидности. Relend-vault в итоге полностью прекратили работу. MEV Capital-vault зафиксировал убыток. Многие пользователи отреагировали уже после фиксации потерь, несмотря на ранние предупреждения со стороны команды.

TVL bbq USD сократился после снижения позиций Reservoir. Затем показатель начал восстанавливаться и вырос на 33% за неделю. В результате Steakhouse стала крупнейшим поставщиком высокодоходного хранилища на Ethereum. Потоки ликвидности перераспределились после массовых выходов из стратегий более высокого риска.

Доходности были временно повышены из-за резкого дисбаланса ликвидности. Эксперты отметили: сейчас показатели возвращаются к уровням, наблюдавшимся до кризиса, и стабилизируются на срезе 7-дневного среднего значения. При этом Prime-хранилища не зафиксировали оттоков и сохранили показатели на прежнем уровне. Их изоляция от более рискованных рынков позволила избежать скачков. Инвесторы восприняли это как сигнал о надежности сегмента.

Сильным фактором влияния стала волна пред-депозитов в стейкблкоинах, связанная с USDT. Их объем достиг предела в $825 млн менее чем за 30 минут. Из них около $775 млн были направлены в Morpho и распределены по безопасным хранилищам. Это привело к снижению доходности на стороне USDT-снабжения и отразилось на 7-дневном среднем показателе.

Благодаря этому возникли новые возможности для трейдеров. Общий объем займов в паре sUSDS/USDT вырос с нулевых уровней до более чем $280 млн за считанные дни. Такой сценарий сделал рынок одним из наиболее «чистых» направлений для краткосрочных операций. Это сопровождалось значительным увеличением глубины ликвидности.

28,000-Star Hit Creator Unexpectedly Fired by Google, Silicon Valley Big Shots Quickly Vie for the Talent

A nearly 7-year Google veteran, Justin Poehnelt, was fired shortly after his open-source project 'gws' (a Google Workspace CLI built in Rust) went viral, amassing over 28,000 GitHub stars. The tool, designed for both humans and AI agents, allowed terminal access to all major Workspace services like Gmail and Drive by dynamically generating commands from Google's own APIs. The dismissal came just two days after Google announced its "official" Workspace CLI at its Cloud Next 2026 conference, leading to widespread criticism that the company appropriated his work. Poehnelt believes the real reason was internal fear that his project demonstrated how AI agents could fundamentally disrupt and simplify interaction with Google's core Workspace products, potentially threatening its established business model. Following his public disclosure of the events, which garnered millions of views, tech leaders like OpenClaw's Peter Steinberger and CEOs from OpenRouter and Vercel swiftly offered him jobs, highlighting the perceived misstep by Google in letting a top-performing innovator go.

marsbit59m ago

28,000-Star Hit Creator Unexpectedly Fired by Google, Silicon Valley Big Shots Quickly Vie for the Talent

marsbit59m ago

Canada MSB, Why is it More Suitable for Teams Focused on Long-Term Payment Solutions?

**Canada MSB: Why Is It More Suitable for Teams Focused on Long-Term Payments?** Many crypto payment projects initially obtain a U.S. MSB registration for its cost-effectiveness and market recognition. However, as they scale operations, they often find it insufficient for sustainable, real-world payment business. This is where the Canadian MSB, regulated by FINTRAC, gains serious consideration. Unlike the U.S. framework, the Canadian MSB is not a "lightweight alternative" but a choice for projects committed to long-term, compliant operations, especially in B2B payments, cross-border settlements, and stablecoin transactions. **Key Distinctions:** The Canadian MSB emphasizes substantive, ongoing regulation. It requires establishing a full-fledged AML/CTF framework *before* launching operations, with continuous obligations for KYC, transaction monitoring, and reporting. This positions the holder as a regulated financial service provider from day one. **Operational Scope:** A properly structured Canadian MSB can support businesses like stablecoin/crypto payments and transfers, fiat-crypto exchange, B2B batch settlements, payment APIs for merchants, and underlying structures for services like crypto cards. **Strategic Advantages:** 1. **Bank & Partner Relations:** Its clear regulatory framework and operational requirements make it easier to explain compliance to banks and institutional partners, which is crucial for securing stable banking relationships. 2. **Centralized Path:** It offers a nationally unified system, avoiding the complexity and cost of navigating multiple U.S. state-level Money Transmitter Licenses (MTLs). 3. **Business Model Clarity:** It fosters long-term stability by requiring clear business structures, transparent fund flows, and real risk management from the outset, reducing future uncertainties. **Ideal Candidates:** The Canadian MSB is particularly suitable for B2B crypto payment platforms, cross-border stablecoin services, enterprise payment solutions, Web3 financial infrastructure projects, and teams building a "compliance benchmark" for sustainable growth. **Choosing Between U.S. and Canadian MSB:** The choice depends on the project's stage and goals. The **U.S. MSB** is better for **speed, initial validation, and early launch**. The **Canadian MSB** is better for **stability, substantive compliance, and long-term operation**, especially when serving B2B/enterprise clients and requiring reliable banking channels. In essence, while the Canadian MSB involves higher initial compliance rigor, it provides a more solid foundation for building a payment business that banks, partners, and regulators can accept over the long term.

marsbit1h ago

Canada MSB, Why is it More Suitable for Teams Focused on Long-Term Payment Solutions?

marsbit1h ago

Can Strategy rebound after its first close below $100 since 2024?

MicroStrategy's stock (MSTR) has fallen below $100 for the first time since March 2024, trading at $94.23 after a significant decline. Despite increasing its Bitcoin holdings to 847,363 BTC through recent share sales, the firm's strategy faces criticism. Market strategist Charlie Bilello warns of potential for further deep declines, citing historical precedents. CryptoQuant CEO Ki Young Ju suggests the company's aggressive Bitcoin purchases act more as a "liquidity sink" than a price catalyst, noting new buying is offset by selling pressure. He recommends pausing BTC buys to rebuild cash reserves. Analysis shows MSTR's stock price and its price-to-BTC reserve ratio are in decline, meaning investors are paying a much smaller premium for its Bitcoin acquisition strategy compared to prior bull markets. As Bitcoin's price struggles, scrutiny grows on MicroStrategy's leveraged treasury model and its need for greater capital discipline.

ambcrypto2h ago

Can Strategy rebound after its first close below $100 since 2024?

ambcrypto2h ago

CoinGecko Says Most Pump.fun Memecoins Die Within 24 Hours

CoinGecko research reveals that the majority of memecoins launched via the Solana-based platform Pump.fun fail within 24 hours, quantifying the extreme risk in the current memecoin launch culture. The data shows a roughly 70% first-day failure rate, shifting the narrative from anecdotal evidence to a statistical reality where failure is the norm, not the exception. While Pump.fun's simplicity fueled a surge in token creation and network activity, it also led to a high volume of low-effort, short-lived launches. The report serves as a warning that high launchpad activity does not equate to healthy demand or durability, emphasizing that traders entering this space are effectively betting against overwhelming odds. This insight adds crucial context to the ongoing wave of memecoin crashes and liquidity wipeouts within the broader crypto market.

bitcoinist3h ago

CoinGecko Says Most Pump.fun Memecoins Die Within 24 Hours

bitcoinist3h ago

The DATA Foundation Launches to Tackle AI’s Multi-Billion Dollar Training Data Bottleneck

Story has rebranded as The DATA Foundation and launched the DATA Network alongside Trace, a public audit layer for AI training data provenance and licensing. The launch includes a flagship integration with Kled, the world's largest opt-in human data marketplace, registering 1.5 billion user-contributed records. This move addresses the AI industry's multi-billion dollar bottleneck in sourcing high-quality, legally compliant training data, as the supply of scrapable public web data is exhausted. Trace provides immutable receipts for each data contribution, enabling verification of consent, licensing, and provenance. The ecosystem also includes Poseidon's data processing and the contributor app Numo. The foundation's thesis is that proving data origin and ensuring fair compensation is critical for advancing trusted AI. The existing $IP token will migrate to $DATA on a one-to-one basis.

TheNewsCrypto3h ago

The DATA Foundation Launches to Tackle AI’s Multi-Billion Dollar Training Data Bottleneck

TheNewsCrypto3h ago

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