Latest news with #Skew
Yahoo
14-06-2025
- Business
- Yahoo
Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
The crypto market is slightly bouncing back from early Friday's jitters on escalating conflict between Israel and Iran. After slumping to the $102,600 mark, bitcoin BTC rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports about a fresh wave of airstrikes targeting Iran. The top cryptocurrency was down 1.6% in the last 24 hours, changing hands at $105,200 and still less than 6% shy of its all-time high price. Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — has lost 4.4% in the same period of time. Tokens such as ether ETH, avalanche AVAX and toncoin TON were the hardest hit, slumping between 6% and 8%. Crypto stocks, however, aren't doing too hot. Most equities are in the red, especially bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT), down 5% and 4% respectively. A notable exception is stablecoin issuer Circle (CIRCL), which is still benefiting from the windfall of its recent IPO; the stock is up 13% today, with news of retail giants Amazon and Walmart reportedly exploring stablecoins adding to the momentum. Traditional markets don't seem overwhelmingly concerned by the war. While gold is up 1.3%, potentially gearing up for new all-time highs, the S&P 500 and Nasdaq are only down 0.4% each. "Nice bounce thus far and lack of follow-through lower," well-followed crypto trader Skew said in a Friday X post. Market participants will likely remain cautious through the weekend with BTC tightly correlated with traditional markets amid heightened geopolitical risks, Skew added. On the longer timeframe, some analysts see risks of a deeper pullback. 10x Research founder Markus Thielen noted that BTC's drop below $106,000 translates to a failed breakout, and traders should wait for more favorable setups before rushing to buy the dip. He highlighted the $100,000-$101,000 zone as key support, warning that a break below could mark a return to the broader consolidation phase similar to last summer. John Glover, chief investment officer at bitcoin lender Ledn, argued that bitcoin entered a corrective phase from its record highs that could see the largest digital asset drop to $88,000-$93,000. He said the $90,000 level could offer a favorable entry for opportunistic investors before BTC resumes its uptrend. "Once this pattern has played out, the next move higher to the $130,000 area is expected to begin," he said.
Yahoo
13-06-2025
- Business
- Yahoo
SEC Taps New Director of Trading and Markets Who Has Crypto Ties
(Bloomberg) -- The US Securities and Exchange Commission announced four hires for prominent roles, including a new director of trading and markets who has ties to the crypto industry. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Jamie Selway will lead a division responsible for regulating major securities market participants. He has previously served as the global head of institutional markets at as well as the chair of Skew's board of directors. Coinbase Global Inc. acquired Skew, which provides data visualization and analytics for crypto markets, in 2021. The announcements come as SEC Chair Paul Atkins has taken a friendlier approach toward cryptocurrency companies and moved to scale back some regulations. He has recently questioned the complexity of compensation disclosures for chief executive officers, discussed potential limits on data collected from hedge funds, and said that crypto broker rules may be overhauled. Brian Daly will manage the investment management division. He has served as a partner at Akin Gump Strauss Hauer & Feld LLP for the past four years and had worked as a partner in the investment management group of Schulte Roth & Zabel LLP. Kurt Hohl will be the agency's chief accountant. He served at the SEC from 1989 to 1997. Hohl then joined Ernst & Young, where he worked as a partner for 26 years before he founded Corallium Advisors, an auditing and regulatory compliance firm. The agency said that Erik Hotmire will also return to the SEC as chief external affairs officer and director of the Office of Public Affairs. --With assistance from Nicola M White. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
SEC Taps New Director of Trading and Markets Who Has Crypto Ties
(Bloomberg) -- The US Securities and Exchange Commission announced four hires for prominent roles, including a new director of trading and markets who has ties to the crypto industry. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Jamie Selway will lead a division responsible for regulating major securities market participants. He has previously served as the global head of institutional markets at as well as the chair of Skew's board of directors. Coinbase Global Inc. acquired Skew, which provides data visualization and analytics for crypto markets, in 2021. The announcements come as SEC Chair Paul Atkins has taken a friendlier approach toward cryptocurrency companies and moved to scale back some regulations. He has recently questioned the complexity of compensation disclosures for chief executive officers, discussed potential limits on data collected from hedge funds, and said that crypto broker rules may be overhauled. Brian Daly will manage the investment management division. He has served as a partner at Akin Gump Strauss Hauer & Feld LLP for the past four years and had worked as a partner in the investment management group of Schulte Roth & Zabel LLP. Kurt Hohl will be the agency's chief accountant. He served at the SEC from 1989 to 1997. Hohl then joined Ernst & Young, where he worked as a partner for 26 years before he founded Corallium Advisors, an auditing and regulatory compliance firm. The agency said that Erik Hotmire will also return to the SEC as chief external affairs officer and director of the Office of Public Affairs. --With assistance from Nicola M White. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls
Crypto traders betting on a steady bitcoin BTC rally got a sharp reminder of headline risk from Donald Trump's latest tariff threats. Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news. Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum's ether ETH followed with close to $87 million. Other tokens, including Solana's SOL SOL, dogecoin DOGE, and SUI SUI saw liquidations ranging between $10 million and $18 million. "Nice aggregate flush of long leverage and de-risk selling from spot," well-followed crypto trader Skew noted in an X post early Friday. "All driven by headlines once again." The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war. As a result, BTC and major altcoins such as Ether ETH, XRP XRP, and Cardano ADA fell 3% to 4%, while smaller-cap tokens like Uniswap UNI and SUI SUI dropped 5% to 7% over the past 24 hours. Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X. Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on in to access your portfolio
Crypto Insight
23-05-2025
- Business
- Crypto Insight
P2P lending platform comes out of stealth after two years of development
Skew, a Switzerland-regulated peer-to-peer lending platform with a debit card, provides crypto users access to the lending market while enjoying traditional services. While decentralized finance (DeFi) has made significant strides in recent years, the global lending market remains mainly in the hands of traditional institutions. Banks and centralized platforms continue to act as gatekeepers, sidelining smaller borrowers and individual investors. Peer-to-peer (P2P) lending presents an alternative by removing intermediaries and enabling direct capital exchange. Despite carrying a huge potential, factors such as regulatory uncertainty, low consumer trust and the technical complexity of many crypto platforms have hindered its mass adoption. With a current P2P market size of approximately $250 billion and with estimates of $1 trillion by 2032, the P2P platform dynamic is shifting. Much like Uber reimagined transport and Airbnb reshaped accommodation, a new generation of platforms is rethinking P2P finance, merging blockchain's transparency and automation with interfaces designed for everyday users. One such platform is Skew, a registered Switzerland-based peer-to-peer crowdlending platform. Skew directly connects lenders and accredited borrowers using either fiat or digital currencies, making lending simpler and more accessible while also eliminating unnecessary intermediaries. By removing middlemen, lenders achieve higher returns, borrowers enjoy better access to capital, and both sides benefit from greater overall value. Rebuilding finance around users Skew users bypass centralized lenders by connecting directly with others to negotiate terms in a P2P environment. Borrowers select their preferred assets or post crypto as collateral, while lenders have the flexibility to fund loans using fiat or digital assets, supporting both crypto-native and traditional participants. This gives accredited professional traders, crypto miners and other alternative businesses another way to leverage their existing capital, unavailable in traditional banking. One of the platform's core distinctions lies in how it handles risk for borrowers who want to use crypto as collateral. Unlike many lending protocols that automatically liquidate collateral when prices dip, Skew offers up to 100% loan-to-value without forced liquidations, as long as borrowers stay current on repayments. In practice, this approach provides users with greater control, even in volatile markets. SKW tokens are strictly utility-based and used exclusively for lender membership tier benefits and borrower loan origination fees. Lenders gain entry through a one-time membership tier activation secured by SKW tokens. Higher tiers give higher access and perks. Borrowers use SKW to pay loan origination fees. Unlike tokens used for staking, rewards, yield farming, speculative incentives, or emissions, SKW serves purely as an access mechanism. Also, membership isn't a sunk cost — after a locking period, tokens are unlocked and can be freely traded on the open market. Beyond lending, the platform integrates a real-world spending feature. Users who opt for the Skew debit card earn up to 8% in Skew Points on everyday purchases, which can be redeemed for gift cards from participating retailers. It's a straightforward reward system, built to deliver tangible value from day-to-day spending without the need to navigate complex liquidity pools or track volatile APYs. Just as important as the tools are the people using them, which is why Skew strongly emphasizes community. Borrowers, lenders and the founding team regularly engage in open, fully staffed Telegram channels, answering questions and exchanging ideas in real time. This level of user interaction is uncommon in financial services and helps foster transparency and trust. As a platform designed for everyday users, it supports both fiat and digital assets. The interface is modeled on familiar online banking and financial apps, making it easy for newcomers to use while still meeting the needs of more experienced users. Making decentralized lending practical and compliant Skew's journey began three years ago with a simple premise: finance should connect people directly. From there, the team focused on clearing Swiss compliance standards, securing licenses and laying the legal groundwork required to operate responsibly. After more than two years of development, Skew officially launched in May 2025. To mark the occasion, Skew announced a $100,000 giveaway for its first 1,000 members. Skew aims to serve both crypto-native users and those familiar with conventional banking. As CEO Daniele Capasso explains: 'Traditional companies — especially in real estate — have already approached us looking for an alternative to banks. They see the value in faster access to capital and better rates. And by using Skew, they also help bring crypto into real-world use. It's a win-win.' The CEO's philosophy is reflected in the platform's structure: simple account setup, live community chats and use cases that mirror familiar financial behaviors — like earning through spending or borrowing against existing assets. Rather than rushing to scale, the team focuses on adding features gradually, only when thoroughly tested and ready to support long-term growth. Skew is building something most DeFi platforms have ignored: a product people outside of crypto can actually use. With features like a debit card and a familiar user interface, Skew aims to make decentralized finance practical, compliant and usable for a broader audience beyond crypto natives. Source:
