News with the tag "MKR-USD"

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...

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Summary Bitcoin rallied 45%, its best monthly performance since December 2020 and its largest monthly candle ever in dollar terms. An emerging narrative that re-surfaced in February is the creation of protocols that make Bitcoin more useful. Outside of the major themes of the month, we saw renewed i...

Summary VanEck predicts that the U.S. will experience a recession in the first half of 2024, but this will coincide with the launch of the first spot Bitcoin ETFs. The 4th Bitcoin halving in April 2024 will occur without major drama, and Bitcoin will rise above $48,000 after a brief consolidation pe...

Summary Bitcoin outperformed the S&P 500 in November, reaching an 18-month high, driven by investor interest and the potential approval of US Bitcoin ETFs. Ethereum experienced significant growth, surpassing Bitcoin's increase for the first time since July. Other notable performers in the cryptocurr...

Summary Bitcoin surged 28% in October, outperforming the Nasdaq for the second month in a row, driven by increased flows into Bitcoin ETNs and ETFs. Demand for on-chain leverage remained muted, with DeFi TVL growth keeping pace with the rise in ETH prices. Bitcoin's performance is gaining attention ...

Summary Digital assets outperformed other risk assets in September for the first time since May, as Bitcoin rose +3% and Ethereum +1% vs. the S&P -5% and the Nasdaq Composite -6%. Smart contract platforms ended the month flat after a month characterized by fears of FTX asset liquidation, continued r...

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...