PANews reported on September 9th that CoinDesk reported that the total size of US money market funds has grown to $ 7.26 trillion. Analysts say that if the Federal Reserve cuts interest rates, some funds may flow from money markets into stocks and cryptocurrencies. Coinbase Head of Research David Duong stated that retail funds are expected to flow into risky assets such as cryptocurrencies after the interest rate cut. Cresset Chief Strategist Jack Ablin noted that if yields fall below 4% , investors may shift cash into stocks and cryptocurrencies. The direction of fund flows depends on the economic environment and the extent of the interest rate cut.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

