Defi Tokens Uni, Sky and Aave are the best winners today, increasing 24%, 16%and 15%respectively.
Ethereum (ETH) increased after the American Securities and Exchange (SEC) commission reported on Monday a position more favorable to decentralized finance (DEFI).
At the time of writing the editorial staff, ETH is up 8% on the day at $ 2,750. The market reaction follows the remarks of the President of the SEC, Paul Atkins, during the round table of the crypto working group on June 9, where he shared his vision of the preservation of decentralization in the middle of a rapidly evolving cryptographic sector.
“I am in favor of providing greater flexibility to the participants in the asset market of auto-garde cryptography, in particular when intermediation imposes unnecessary or restricted transaction costs the ability to engage in the markup and other activities in mind,” said Atkins.
The president also said that American values such as economic freedom, private property rights and innovation are “in the DNA of the DEFI movement”.
In particular, Defi Coins Uniswap (UNI), Sky (formerly Makerdao) and Aave (Aave) jumped 25%, 16% and 15%. The market capitalization in the sector increased by 10% to 150 billion dollars, according to Coingecko.
Elsewhere, Bitcoin (BTC) and XRP have increased by 1% in the last 24 hours, negotiating $ 108,800 and $ 2.28 respectively. Meanwhile, Solana (soil) climbed 1.7% to $ 158.
The total market capitalization of the cryptocurrency remained unchanged in the last 24 hours at 3.55 billions of dollars. Liquidations with leverage amounted to $ 489 million during the day, according to Coinglass. BTC represented around $ 176 million in the total, while ETH liquidations have reached around $ 158 million.
In the space of the Stock Exchange (ETF), the BTC FNB BTC FNB recorded $ 386.27 million at entrances. According to Sosovalue data, the ETH spot also attracted around $ 53 million on entry.
Feeling
The recent remarks of the SEC underline a change of feeling after a period of increased uncertainty fired both by macroeconomic concerns and political drama.
“The positive feeling of the dry on Defi has helped to relaunch the market, and therefore why we see Ethereum surpassing its position for several years,” said Paul Howard, principal director of Wincent. “In the direction of the third quarter, we can expect some of the United States policy changes to start filtering Wall Street and risk assets.”
Mena Theodorou, co-founder of Crypto Exchange Coinstash, has echoed this feeling, adding that the momentum is also reflected in ETF Ethereum, which displayed 15 consecutive days of net entries, totaling nearly $ 837 million.
“Institutional support is also strengthened,” said Theodorou. “Blackrock would have added more than $ 500 million ETH to his books in the past two weeks, a possible signal according to which traditional finance is preparing its long -term Ethereum game.”
