Leading Sonic decentralized exchange SwapX has integrated Orbs’ flagship trading protocols, dLIMIT and dTWAP. Their introduction brings enhanced capabilities to SwapX traders who can place CEX-style orders on their favorite decentralized exchange.
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One way to track this is through the ratio of the iShares 3–7 Year Treasury Bond ETF (IEI) to the iShares iBoxx $ High Yield Corporate Bond ETF (HYG). This IEI/HYG ratio, highlighted by analyst Caleb Franzen, serves as a proxy for credit spreads and is now showing its sharpest spike since the Silicon Valley Bank crisis in March 2023 — a moment that marked a local bottom in bitcoin just below $20,000.
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Despite positive developments, ether options remain cautious, retaining the pre-Fed sentiment even with the upcoming Ethereum Pectra upgrade.
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