Obex Secures $37M to Create 'Y Combinator' for Real-World Asset Stablecoins, Supported by Sky's $2.5B Investment
New Crypto Incubator Launch: Obex has launched with $37 million in funding, aiming to support the development of yield-generating stablecoins backed by real-world assets, such as tokenized GPU infrastructure and municipal-scale energy projects.
Focus on Risk Management: The incubator emphasizes institutional-grade underwriting and risk management to address vulnerabilities exposed by recent failures in the synthetic stablecoin sector, aiming to build more robust stablecoins.
Comparison to Y Combinator: Obex is likened to a "Y Combinator for stablecoins," offering a structured 12-week program that provides capital, technical resources, and mentorship to early-stage teams.
Market Growth and Challenges: The stablecoin market has expanded significantly, with transaction volumes surpassing traditional payment systems, but recent depegging events highlight the risks associated with yield-bearing stablecoins, necessitating a focus on safer, real-world collateral.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SKY
Technical Sentiment Analysis for Sky (SKY) As of , Sky (SKY) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SKY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SKY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sky (SKY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0357 | 0.0443 | 0.0541 | 0.0627 | 0.0725 | 0.0811 | 0.0909 |
| Fibonacci | 0.0443 | 0.0514 | 0.0557 | 0.0627 | 0.0698 | 0.0741 | 0.0811 |
About SKY
About the author
