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Architect Launches Institutional-Grade Credit Ratings Service for Crypto Market
Key Updates in Crypto Markets
The digital assets market is evolving but lacks a critical infrastructure: an institutional-grade credit agency. Architect plans to fill this gap with the first crypto-focused credit ratings service, similar to traditional agencies like Moody's.
- Current absence of trusted intermediaries for assessing creditworthiness hinders lending.
- Equity market in crypto is viewed as overvalued, according to Architect’s Managing Partner, Ruben Amenyogbo.
- The lack of credit agencies combined with an exhausted equity market presents a new opportunity in Web3.
- Architect aims to utilize blockchain data to evaluate credit risk and attract institutional capital.
- Potential beneficiaries include Bitcoin miners and Decentralized Physical Infrastructure Networks (DePIN).
- Access to fiat credit could allow miners to reduce forced selling and enhance economic contributions.
- Architect seeks to establish itself as a credible risk assessor to unlock institutional investment in crypto.
Market Movements
- BTC: Trading above $114K; dominance under 60%. Traders may shift focus to high-beta assets.
- ETH: Priced at $3500, down 2.8% amidst increasing ETF outflows.
- Gold: Prices dipped due to a stronger U.S. dollar and falling oil prices, while silver saw modest gains.
- Nikkei 225: Slipped 0.12% amid mixed market reactions to U.S. economic data.
- S&P 500: Fell 0.49% influenced by weak economic indicators and tariff remarks, yet analysts remain optimistic about the bull market.