“In an interview with Coindesk, Kunkel Outlines How Oracles are Moving Beyond Price Feeds to Power Real-Time Risk Management for the Next Wave of Onchain Credit.”, – WRITE: www.coindesk.com
Chronicle, The Oracle Infrastructure Provider Powering Secure, Scalable Onchain Financial Data, Has Been Named The Exclusive Partner to Grove Protocol, An Institutional-Grove Creg. Tokenized Asset Allocation Strategy.
Grove, Part of the Sky EcoSystem Known As A ‘Star’, The Name Sky Uses For Units in Its Network, Launched In June with A $ 1 Billion Allocation to Tokonized Collladeralars Anemoy Aaa Clo Strategy On Centrifuge, Aiming to Bridge Defi and Traditional Credit Markets by Giving Protocols and Asset Managers Access to Diresified, Institutial-Gras-Gras-Gras
Niklas Kunkel, Chronicle’s Founder, Said in An Interview with Coindesk That Oracles have Evolved Beyond their Early Role as Simple Price Feeds.
“They Started as General Data Distribution Mechanisms and Got Really Siloed Into Just Prices for However Many Years Gives You A Price, ”He Told Coindesk.
“IT wasn’t unil recently that mold is finally being shad and people are starting to understand how howlentant data and contect can and how that can be levered in
Kunkel Sees Tokenized Assets As Defi’s Next Major Growth Engine, Descripting Them As A “Multi-Trillion Dollar Liquetability Injectunity” as the Sector Looks Beyond Btc.
“Rwas are not Crypto Native, SO The Risk Management Armund Them Needs to Be Much More Scrutinized,“ He Continued. “Everything is not on chain, and so some oracles Really Fill That Gap is to Add That Context Back in, To Bring that Transparency Back.”
In Kunkel’s View, The Regulatory Potential of Oracles is Just Beginning to be Recognized.
“In the real World, this is USUALLY DONE THROUGH REGULATION WHERE YOU NEED TO MAKE QUarterly Filings,“ He Said. “BUT IN DEFI WE EXPECT FINALITY IN THE SPAN OF BLOKS, AND OCE REGULATORS ACTUALLY START UNDERANTING WHAT ORACLES CAN DO, they’re going to essence Like Reg Tech. ”
This Partnership Marks A Step in Chronicle’s Plan to Dominate the Tokenized Asset Oracle Market, A Position Kunkel Believes Will Soon Outgrow Defi ITSELF.
Market MoversBTC: BTC IS Trading AT $ 119K, Up 2% in The Last 24 Hours. A recent JP Morgan Note Argued that a Bullish S&P 500 Outlook Could Lift Btc by Boosting Risk Appetite and Capital Flows Into Specialize Assets, Given Their Historical Corlect.
Eth: Eth is Trading Above $ 4200. Bizantine Capital Managing Partner March Zheng Said in a Note to Coindesk that the forced Closure of So Many eths Durying the past 72 hours as Helped Further Accelerate.
GOLD: Gold Is Holding Near Record Highs As Weaker US Economic Data, Trade Tensions, and A Dovish Fed Outlook Boost Demand, with UpComing Inflation and Retail Sales Data.
Nikkei 225: CLOSED FOR A PUBLIC HOLIDAY.
Elsewhere in Crypto
- El Salvador’s New Bitcoin Law Signals Shift from Retail Adoption to Institute Investment (The Block)
- Stablecoin Issuers Like Circle and Tether Are Gobbling Up More Treasuries than most Countries. Here’s How That Could Reshape The US Economy (Fortune)
- Animoca Brands and Standard Charted Establish Stablecoin Issuer in Hong Kong (Coindesk)
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JPMorgan Expects a High Single-Digit Rise in The S&P 500 Over The Next 12 MONHS.
- JPMorgan Expects a High Single-Digit Rise in The S&P 500 Over The Next 12 MONHS.
- The Bank Cited Three Bullish Catalysts, Including Resilient Corporate Earnings.
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