Crypto asset management firm Grayscale is announcing the launch of a new trust that would give investors access to the popular meme asset Dogecoin (DOGE). In a new press release, the investment giant says it is creating the Grayscale Dogecoin Trust as it believes DOGE has matured from a simple memecoin into a legitimate global […]
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A momentum indicator recently flipped bullish for XRP, Solana (SOL) and two other altcoins, according to a popular crypto analyst. Ali Martinez tells his 101,300 followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator presented buy signals on the four-hour charts for XRP, SOL, Maker (MKR) and World Network (WLD). […]
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New data from market intelligence platform Santiment reveals that Chainlink (LINK) is leading the real-world assets (RWA) sector in terms of recent development activity. In a new post on the social media platform X, Santiment says the nascent sector is being led by the decentralized oracle network followed by Ethereum (ETH)-based synthetic asset creator Synthetix […]
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Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.
Decentralized finance lending and borrowing protocol Sky, formerly known as Maker, has deployed its USDS stablecoin on Solana in an effort to tap into the blockchain’s growing decentralized finance (DeFi) ecosystem.
Sky said in a Nov. 19 X post that its USDS was “the first major DeFi-native stablecoin on Solana” and would allow new ways for lending, borrowing, and trading across Solana’s “top DeFi platforms.”
“Today’s launch marks the first step in Sky’s strategy to increase Solana’s DeFi liquidity and [total value locked],” it added. Sky said in the future, pending governance approval, it would roll out its SkyLink crosschain bridge for USDS and sUSDS, its “savings” version of the stablecoin.
Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.
Rune Christensen, the co-founder of Sky (formerly MakerDAO), said he is preparing a proposal for “strictly deflationary tokenomics” to halt token emissions and decrease total supply.
Christensen aims to prevent token emissions from occurring “in normal conditions” regardless of whether the core token stays as Maker (MKR) or becomes SKY in line with the new brand.
The new token structure would ensure that the chosen token is supported by long-term supply reduction and a burn mechanism, aligning with MakerDAO’s original tokenomics model.
Whales have been gobbling up Ethereum (ETH), the native token for the decentralized exchange (DEX) Uniswap (UNI) and a handful of other decentralized finance (DeFi) tokens, according to the crypto tracker Lookonchain. Lookonchain notes one unknown whale wallet withdrew 299,133 UNI worth $2.39 million from the crypto exchange Gate.io over the weekend. The same whale […]
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One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility. […]
The post Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst appeared first on The Daily Hodl.
A closely followed crypto analyst says that Ethereum (ETH) is on the brink of a swing to the upside while updating his outlook on Bitcoin (BTC) and decentralized finance (DeFi) altcoin Maker (MKR). In a new strategy session, crypto trader Ali Martinez tells his 69,00 followers on the social media platform X that the top […]
The post Crypto Trader Says Ethereum on Cusp of Breaking Out, Updates Outlook on Bitcoin and One DeFi Altcoin appeared first on The Daily Hodl.
The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally. In a new thread on the social media platform X, MakerDAO creator Rune Christensen says that DAI itself will not feature a freeze function – or […]
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Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment.
The post Render (RNDR), Aave and One More Ethereum-Based Altcoin Showing Notable Address Activity Growth: Santiment appeared first on The Daily Hodl.
