First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

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Good morning Asia, here's what's making news today: 1. Bitcoin, ether tumbled amid ongoing inflation, crypto industry concerns. 2. Conic Finance says its new tool can capture high yields. Will it? JPRubin23 and shauryamalwa write

separately on CoinDesk's website.

Each omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider tokens get staked on Convex to boost curve rewards earnings. Convex , another Curve ecosystem token, is also rewarded, and so is conic , Conic’s native token. In the coming weeks, Conic’s demand among traders for its yield-generating products could ultimately generate value for its own CNC token.

"They either rapidly fade – which is most likely to happen here – or they build up an amount of stress that the system cannot handle, and we get an implosion," Johnson wrote."Users should always beware when yield is delivered in a token that represents the very system they’re interacting with. When that token falls out of favor, its price tends to plummet.

 

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JPRubin23 shauryamalwa lmfao at you equating actual economic indicators with the price of bitcoin.

JPRubin23 shauryamalwa $SI went to liquidation, is $SBNY next?

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