Portal Finance Announcements | United States America (US)

Create: 2024-04-28 Update: 2024-06-01 01:24:51

🧡 Gelios, the first community-owned dApp layer on Bitcoin, announces its integration with Portal DeFi.

🤝 The partnership will integrate the $gOS token into the Portal DEX to make it one-click cross-chain tradable with native BTC, BRC20s, ERC20s, and other major L1 & L2 assets.

"Gelios is committed to fostering a thriving and interoperable Bitcoin ecosystem. We see Portal DeFi's innovative trust-minimized swaps as the perfect complement to this mission. This integration unlocks new possibilities for our users and expands the utility of the $gOS token." — said Zachary, CEO of Gelios.

Read more: https://medium.com/@Portal_team/gelios-integrates-portal-defi-to-enable-trustless-swapping-of-native-btc-with-native-cross-chain-7ef285e445ca

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Portal Finance Announcements

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Portal Finance Announcements

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Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

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