Today in crypto, DeFiLlama announces delisting of Aster perpetual trading volume data, Bitcoin rallied to a new all-time high on Sunday, and the Stripe CEO says stablecoins will force banks to offer users real interest on deposits.

DeFiLlama delisting Aster perpetual futures volume data 

DefiLlama, a platform for decentralized finance analytics, is delisting volume data for the Aster decentralized exchange platform (DEX) due to data integrity concerns, according to 0xngmi, a pseudonymous co-founder of DeFiLlama.

0xngmi said the perpetual futures trading volume on Aster nearly matches Binance perpetual futures trading volume and shared a chart showing that the correlation ratio between the volume data of the two exchanges is about one. 0xngmi added:

“Aster doesn’t make it possible to get lower-level data, such as who is making and filling orders, so until we can get that data to verify if there’s wash trading, Aster perpetual volumes will be delisted.”

The Aster perpetual DEX has captured narrative attention in the crypto community as a challenger to the popular Hyperliquid perpetual futures exchange. Aster is also linked to Binance co-founder CZ.

Bitcoin rally to $125,000 fueled by US gov’t shutdown, macro factors: Analysts

Bitcoin breached a new all-time high over the weekend, prompting analysts to call for a renewed accumulation phase that could fuel a rally to $150,000 before the end of the year.

Bitcoin (BTC) set a new all-time high above $125,700, and its market capitalization briefly crossed the $2.5 trillion milestone for the first time in crypto history, Cointelegraph reported earlier on Sunday.

The rally was supported by multiple macroeconomic factors, including the recent US government shutdown — the first since 2018 — which some analysts say has renewed interest in Bitcoin’s store-of-value role.

In the past, similar conditions have led to “major price milestones,” according to Fabian Dori, chief investment officer at digital asset banking group Sygnum Bank.

The US government shutdown has “renewed discussion around Bitcoin’s store-of-value role, as political dysfunction underscores interest in decentralised assets,” Dori told Cointelegraph. “At the same time, the broader environment — characterised by loose liquidity conditions, a service-led acceleration in the business cycle, and narrowing underperformance relative to equities and gold — has drawn attention to digital assets,” he added.

Stripe CEO says stablecoins will force banks to offer users competitive interest on deposits

Stripe CEO Patrick Collison said that stablecoins will force banks to offer competitive interest rates to customers due to the rise of yield-bearing stablecoin options.

Collison cited average savings rates offered for customer deposits in the United States and Europe, which all came in well below 1%, as ripe for disruption by stablecoins. He wrote:

“Depositors are going to, and should, earn something closer to a market return on their capital. Some lobbies are currently pushing post-GENIUS to further restrict any kinds of rewards associated with stablecoin deposits. The business imperative here is clear — cheap deposits are great, but being so consumer-hostile feels to me like a losing position.”

The stablecoin market cap crossed $292 billion in October, according to data from RWA.XYZ, as the sector continued to grow following a comprehensive regulatory bill signed into law in the United States.