News with the tag "DAI-USD"

Summary There has been a spate of proposals out there by Bitcoiners, but also by some prominent politicians, including Donald Trump, for having the US government accumulate Bitcoin. US government stocking up on Bitcoin is not the same thing as getting Bitcoin more widely used – you’d have to have tr...

Summary We believe the crypto bull market will persist through 2025, reaching its first peak in the first quarter. We expect this pro-Bitcoin stance to ripple across the broader U.S. crypto ecosystem. Crypto rails promise a better financial system through improved efficiency, decentralization, and g...

Summary Buoyed by lofty promises of deregulation, key appointments with strong ties to the sector, and a growing chorus of mainstream institutional and retail support, cryptocurrencies have soared to unprecedented levels, surpassing $95,000. Trump’s return to power has emboldened crypto advocates. Y...

Summary MakerDAO has re-branded Maker to 'Sky Protocol' and issued a new governance token SKY-USD as well as a new stablecoin USDS-USD. Market reaction to the change has been mixed to negative, with some raising concern about the freeze functionality with USDS. Sentiment aside, the DAI stablecoin is...

Summary Digital assets slumped in June as trading volumes and volatility followed seasonal patterns and fell to year-to-date lows. Bitcoin and Ethereum slumped 10% for the month vs. the S&P 500 and Nasdaq Composite, up 4% and 6%, respectively. In June, the Ethereum community solidified plans for its...

Summary After a 100% rally from the low earlier this summer, I've clearly been wrong about MKR since my late June sell call. The growth in supply of DAI and the attractive yield from Maker's DSR program has been a big driver of capital gains in MKR. Given governance centralization is still a major c...

Summary Bitcoin rose as other cryptos sectors' fell, influenced by a new legislation proposal, SEC lawsuits against exchanges, and BlackRock's Bitcoin ETF filing. We believe just 25 of the top 100 tokens could potentially be considered ‘sufficiently decentralized’ to avoid the disclosure requirement...

Summary MakerDAO is the engine that drives the DAI stablecoin. DAI is the largest crypto-collateralized stable in the market. Maker was founded by Rune Christensen in 2015. Christensen recently proposed the Maker "Endgame." It's a plan that will radically change the structure of the DAO and create a...