↝ DAI Coin's Recent Incidents and Developments: Security, Rewards, and Delistings
DAI Coin , a cryptocurrency, has recently had a prominent presence in the news, particularly with relation to the big names in the crypto...
Key developments concerning DAI and the Maker Protocol are encapsulated in these updates. The cryptocurrency market has been a hotbed of activity with major cryptocurrencies like Bitcoin, Ethereum, and Solana drawing significant attention. The stablecoin DAI and Sky (SKY) have however generated controversy under MiCA regulations. As a result, Dai is set to be delisted from Crypto.com on January 31st.
Even as Coinbase prepares for delisting of Tether's USDT stablecoin in Europe, DAI has experienced growth through its stablecoin rebrand, reaching $490m in five days. MakerDAO, the creator of DAI, underwent a rebrand to Sky, offering an optional upgrade of DAI to its new stablecoin, USDS. This has sparked a comparison among USDT, USDC, and DAI among investors exploring which stablecoin suits their needs.
MakerDAO has caused ripples in the DeFi space through its shakeup and rebranding to Sky, revealing a new stablecoin and governance token. The newly branded Sky experienced a $5M loss due to USDS interest payments which wiped out profits. Vitalik is also notable in this roundup, minting 315k DAI and offloading multiple meme coins for ETH.
Substantial discussion has surrounded the security of DAI, particularly following a Bybit hacker's conversion of stolen ETH to DAI via decentralized exchanges. Amid such controversies, DAI appears to maintain its dollar peg showing market strength and resilience.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Wed, 25 Jun 2025 07:00:00 GMT - Rating 2 - Innovation 5 - Information 8 - Rumor 4
