IntoTheBlock CEO: Four major risks of modern DeFi
Jesus Rodriguez, CEO of IntoTheBlock, said the biggest risk factor in the new era of decentralized finance may be economic rather than technological.
JinseFinanceJesus Rodriguez, CEO of IntoTheBlock, said the biggest risk factor in the new era of decentralized finance may be economic rather than technological.
JinseFinanceAnalytics firm IntoTheBlock suggests that traders are anticipating the approval of a spot market exchange-traded fund (ETF) for Ethereum (ETH) following the recent "fake" approval announcement of spot-based Bitcoin ETFs. Ethereum has outperformed Bitcoin by over 10% since the fake announcement, signaling traders' expectations for Ethereum ETF approvals. IntoTheBlock's analysis indicates that the SEC's approval of spot Bitcoin ETFs could pave the way for a similar approval for Ethereum, as both are subject to potential manipulation.
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