February 9, 2024
As a global trading firm focused on #digitalassets, DV Chain is always on the lookout for new #collaborations to advance the #crypto ecosystem, which is why we are excited to announce that we’ve joined the GRVT Alliance.
Together with the #GRVTalliance we are focused on driving innovation and positive impact 💪
To learn more about the GRVT Alliance, click here: https://grvt.io
To learn more about DV Chain, click here: https://dvchain.co
.png)
💡 Welcome back to DV Chain's Weekly Market Commentary! Over the last week, both crypto and traditional finance markets experienced heightened volatility amid lower volume and liquidity. Notable developments included Tether adding $700M in BTC to reserves, MicroStrategy tapering its buying, and contrasting ETF flows with Ethereum seeing $349M in inflows and Bitcoin experiencing $388M in outflows. As we close out the year, several positive catalysts are on the horizon, including FTX repayments, the potential for a staked ETH ETF, and continued pro-crypto sentiment from the Trump administration. Dive in below for insights and upcoming catalysts shaping the market:
🌟DV Chain is now one of the first leading market makers to join NORTHSTAKE's tokenized #ETH staking solution. ETFs or regulated funds can now utilize tokenized staking to bring in liquidity when unbonding ETH. This is enabled by the participating #marketmakers buying the validator node’s balance of #ETH, effectively paying liquid ETH for a #validator node balance subject to the exit and withdrawal queue.
🌟GCEX (GCEX Group), a regulated digital brokerage has partnered with DV Chain, a leading provider of liquidity and market-making services in the dynamic world of cryptocurrencies...This collaboration will enable GCEX’s clients to benefit from DV Chain’s crypto liquidity offering, with even tighter spreads and reduced execution costs.