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The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
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
- 2024/11/23 22:43Market leverage surges, Ethereum shorts reach historic highThe open contracts of Ethereum futures have exceeded 20 billion US dollars, setting a new record and highlighting the intensification of speculative activities. The rise in short positions indicates that more and more traders are betting on the price drop of Ethereum. At the same time, it is estimated that the leverage ratio (ELR) has reached its peak, reflecting a higher dependence on borrowed funds - this method amplifies the possibility of rapid liquidation.
- 2024/11/23 22:43Tether has minted an additional 2 billion USDT on EthereumAccording to Whale Alert monitoring, Tether Treasury minted an additional 2 billion USDT on Ethereum around 6:08 Singapore time. Tether CEO Paolo Ardoino commented that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain exchange.
- 2024/11/23 22:42Musk: Insane government spending is driving the United States into bankruptcyMusk tweeted on X, "Crazy government spending is driving the United States into bankruptcy."
