PANews reported on February 19th that, according to The Block, the on-chain derivatives protocol MYX has completed a strategic financing round led by Consensys, with participation from Consensys Mesh and Systemic Ventures. This funding lays the foundation for the launch of MYX V2. Following this round of financing, Consensys officially becomes MYX's largest investor, and the funds will be used to support the deployment of MYX's modular derivatives settlement engine.



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more