Bitcoin’s correlation with the Nasdaq helps explain recent price action.
When stocks dropped sharply late last week, Bitcoin followed. That’s what you expect when correlations are elevated.
Now that the Nasdaq is resuming its uptrend, Bitcoin is moving with it again.

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Offchain Labs – the research and development team behind Arbitrum – recently announced a further increase in its ARB Token holdings, further reinforcing its long-term investment commitment to the company...

The Arbitrum team announces the purchase of additional ARB Token , increasing its investment in the project's core operations.

CEO ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality currencies, however, he believes that the ultimate form of a superior currency in the future...

CEO ether.fi: Neither Bitcoin nor Ethereum are high-quality cryptocurrencies yet.

This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...

Avon's popular article on foreign websites: Why is DeFi no longer attractive?

It’s a good reminder: Bitcoin may be digital gold, but it trades like a risk-on asset.
It typically isn’t correlated with gold or bonds. What really matters is whether markets are in a risk-on or risk-off regime.
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