A victim of its own success? The rising number of validators on Ethereum is driving staking rewards down, according to CoinDesk Indices data. But other chains are weak competition, accounting for token supply inflation and real yields.
Stellar, XRP and Shiba Inu were notable winners from the last week, while Curve Finance and Augur struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.
Treasury yields hit 10-year highs, sounding a note of potential caution for risk markets, cryptocurrencies, but bitcoin continued to be unstirred by macro events.