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Galaxy adds $100 million in Sky’s sUSDS to treasury, buys SKY token as firms deepen lending ties
theblock.co·about 4 hours ago
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about 2 hours ago
Institutional capital chasing lending yield at this stage of the cycle is usually a sign you're closer to the end than the beginning.
about 1 hour ago
Deepening structured lending relationships between institutions isn't cycle-top desperation, it's the boring, slow infrastructure buildout that has to happen before this thing actually matures, and that takes years, not months.
Who's on the other side of that $100M trade?
Probably some retail chasing yield they don't understand.