MakerDAO, a leading player in the DeFi field, had a significant presence in the recent crypto-related news. It had rebranded to
Sky and may revert its decision due to negative market response. The rebrand was accompanied by the launch of new stablecoin
USDS on
Solana and a
governance token SKY. Additionally, an optional conversion for existing
MRK tokens into new governance tokens had been introduced.
In the same time-frame, the
cryptocurrency market maker industry experienced noteworthy events.
Portofino Technologies detailed their ambitious roadmap for 2025 while rival
Wintermute planned to expand via a New York office and new OTC products. The controversy wasn't far behind, with market maker
Gotbit and three others being charged with market manipulation and fraud.
Overall, the role of million-dollar coins was subject to considerable discussion.
Bitcoin,
Ripple and
Shiba Inu were all mentioned as potentially transforming regular individuals into millionaires. Despite the bearish market sentiments,
Maker (MKR) saw some potential for a comeback. Clustered around various resistance levels, MKR showed signs of a trend reversal after falling to a 12-month low.
Maker Coin News Analytics from Fri, 02 Aug 2024 07:00:00 GMT to Wed, 05 Mar 2025 17:17:24 GMT -
Rating 6
- Innovation 7
- Information 5
- Rumor -3
