PostFinance Launches Ethereum Staking for Passive Income on E-Finance Platform

Daily Top Performer — Morpho Protocol (MORPHO)

The S&P 500 dropped 0.21%, ending a three-day rise, with tech losses offset by gains in utilities, real estate, and industrials. Gold prices rose above $2,700, driven by weak US retail sales, rising jobless claims, and dovish comments from Fed Governor Waller, which fueled expectations of rate cuts. Falling bond yields further supported the uptrend, with gold targeting $2,750. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.10%, with Bitcoin rising by 0.69% and Ether dropping by 3.34%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today's top performer is MORPHO, which surged nearly 37.1% following the launch of Coinbase's seamless crypto-backed loans powered by Morpho infrastructure.

Morpho Protocol (MORPHO), founded in 2021, is a decentralized Ethereum-based lending platform with a P2P order matching system. It offers customizable markets and Morpho Vaults for various risk levels. Initially launched in 2022 for Aave and Compound, it introduced Morpho Blue in 2024 for flexible lending. Morpho Labs continues to develop Morpho while supporting the original Morpho Optimizers. Coinbase has launched crypto-backed loans powered by Morpho, allowing users to borrow USDC against BTC via the Coinbase app. The product offers competitive rates, flexible terms, and a seamless experience. This move highlights the growing use of Morpho's infrastructure for onchain finance, with more institutions expected to follow suit.

Check Out the Latest Prices, Charts, and Data of MORPHOUSDT Perp and MORPHO/USDT Spot Contracts!

Talk of the Town

Swiss bank PostFinance has partnered with Sygnum to launch Ethereum staking, allowing customers to earn passive income via Ethereum blockchain integration into its e-finance platform. Customers can start staking with a minimum deposit of 0.1 ETH, and rewards will be displayed alongside other crypto assets. The service is currently limited to Ethereum, with plans to expand to other cryptocurrencies in the future.

Check Out the Latest Prices, Charts, and Data of ETHUSDT Perp and ETH/USDT Spot Contracts!

Bitcoin Spot ETF Flows

Yesterday, Bitcoin spot ETF flows totaled $98.2M, driven by $168.2M inflows from non-GBTC products, offset by a $70M outflow from GBTC.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot Contracts!

Airdrop to Watch

Quai Mainnet is set to launch on January 29, 2025. Wave 1 eligibility is now live, limited to specific Quai Discord roles, with more waves to follow. NFT holders might qualify for allocations, though it's not yet confirmed.