MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve
The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.
Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report
Prosecutors said they were prepared to try SBF on his original eight-count indictment starting in October, with the remaining five charges to be decided by Judge Lewis Kaplan.
Bitcoin Holders Show No Panic Loss Selling, What Does It Mean?
On-chain data shows that Bitcoin investors aren’t participating in any significant amounts of loss selling right now. Here’s what it may mean. Bitcoin Entity-Adjusted Realized Loss Has Remained Low Recently According to data from the…
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure…
EU regulator will launch MiCA consultation starting in July
The MiCA framework suggested a roughly 18-month timeline to fully take effect, with regulators and lawmakers seeming to go through proposals aimed at ensuring a smooth implementation.
Curve’s (CRV) price hits a 1-year low amid looming liquidation threat
A risky loan in AAVE and the resulting liquidation threat for CRV have pushed the governance token to a one-year low, but there is a chance for a powerful short squeeze.
EigenLayer’s Restaking Smart Contracts Reach Max Limit on Same Day as Mainnet Launch, Pulling in $16M
Notable depositors into EigenLayer’s pools include one address that deployed the U.S.-sanctioned Tornado Cash money mixing tool and another address associated with Hassan Bassiri, former vice president of portfolio management at crypto hedge fund…
Hinman documents in Ripple case raise questions about SEC’s motives
According to crypto lawyer Fred Rispoli, the Hinman documents depict an agency prioritizing expanding its jurisdiction over fulfilling its core responsibility of safeguarding U.S. investors.
Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official’s past remarks shouldn’t govern current policy.
Bitcoin Headed for Another Crash? Over $100 Billion in Liquidations Suggests Trouble Ahead
Bitcoin (BTC), the largest cryptocurrency in the market, was expected to continue its bull run after consolidating its gains. However, on June 14th, just before its daily close, Bitcoin suffered a 3% decline, dropping below $25,000 and reaching as…
50 Dormant Bitcoins Worth $1.25 Million Wake Up After 12-Year Slumber
A dormant Bitcoin address holding 50 Bitcoin, valued at approximately $1.25 million, suddenly sprang to life on June 15 after being inactive since June 21, 2010. This month has seen only one 2010 block reward transfer, with the previous two taking…
BlackRock Inches Closer To Launching Bitcoin ETF: Potential Impact On BTC Price
Financial circles are buzzing with the news that BlackRock, the world’s largest asset manager, is considering applying for a Bitcoin Exchange Traded Fund (ETF). This development signifies a substantial move by one of the most influential…
Following Second Arrest, Trump NFT Project Says 'NOW' Is Time to Claim Prizes
Two days after Donald Trump became the first U.S. president to be charged with a federal crime, his NFT project, Trump Digital Collectible Cards, let people know that it was not letting his second arrest stop them from awarding prizes associated…
Aave's Decentralized Social Media Platform Lens Protocol Releases New Governance Model
Lens Improvement Proposals (LIPs), which is inspired by Ethereum and Aave, is an attempt to create a framework for developers, creators and users to participate and have a voice in the decision-making process of Len’s future development.
XRP Exhibits Bearish Chart Pattern – Where Could The Price Head Next?
In the past 48 hours, the price of XRP has experienced notable volatility, dropping below $0.50. The crypto market is closely focused on XRP due to a recent favorable development in the Securities and Exchange Commission (SEC) vs. Ripple lawsuit…
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