Fed charges alleged meme coin market makers, Gotbit and three others, with crypto market manipulation and fraud, shaking trust in such initiatives. Meanwhile, a recent HBO documentary suggests that Peter Todd, who insists he isn't, could be the elusive Bitcoin creator, Satoshi Nakamoto.
Kairon Labs emerges as a premium market maker, while
MakerDAO rebrands to
Sky, a move accompanied by the launch of a new stablecoin (
USDS) and a governance token. Further, Sky is set to launch USDS on
Solana via Wormhole. This comes amid news of crypto market makers allegedly dumping Ethereum, threatening a crash below $2,000, even as
Aave outperforms other DeFi blue chips like Maker.
Sky is also considering offboarding wrapped Bitcoin due to claimed Justin Sun ties. All these changes, including
MakerDAO allowing optional MKR conversions for the new governance token, are critical market signals. On the other hand, it's been noted that UK’s coin maker Royal Mint is turning e-waste into gold.
Grayscale has also launched an investment fund targeting the MakerDAO token. Astonishingly, DAO Maker hack victims still await reimbursement three years later. Nevertheless, 'Millionaire-Maker' cryptos, including potential players like Bittensor’s TAO, continue to attract investors eyeing lofty returns. MakerDAO is making moves to integrate compliance measures rather than centralization into its framework.
Maker Coin News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Wed, 09 Oct 2024 19:52:36 GMT -
Rating -2
- Innovation 7
- Information 5
- Rumor -5
