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The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
- 14:43Sui eco-deal Scallop ranks fourth among all lending agreements for both fees and revenue over the past seven daysApril 4 (Bloomberg) -- Sui eco-lending protocol Scallop has earned $641,000 in fees over the past seven days and generated more than $279,000 in agreement revenue, according to official sources.Scallop became the fourth largest lending protocol among all lending protocols in terms of both fees and revenues, trailing only Venus, AAVE, and kaminolend in terms of revenues.According to the report, the Scallop was reported to have voluntarily suspended its main lending function for 24 hours to avoid the risk of FDUSD becoming de-anchored, and still generated high revenues.
- 13:56CleanSpark: Total Bitcoin Holdings Increase to 11,869CleanSpark, a Nasdaq-listed bitcoin mining company, announced its March earnings report, in which it disclosed that mining output reached 706 BTC in March, up 13% sequentially, and its total bitcoin holdings reached 11,869 as of March 31, with an end-of-month hash rate of 42.4 EH/s, up 4.2% sequentially.
- 13:55First Trust Launches Its First Bitcoin Strategy ETFFirst Trust, a U.S.-based financial services firm that specialises in issuing exchange-traded fund products, has launched its first bitcoin strategy ETF, according to market news.