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2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry.

This morning, the leading cryptocurrencies are trading in the negative after seeing a short bullish run yesterday and the day before. Additionally, the overall cryptocurrency market is experiencing increased selling pressure. This is most likely a direct result of the Federal Reserve's decision to boost interest rates by 50 basis points.

Blockchain data shows that cryptocurrency whales have been “massively” accumulating stablecoins including Binance USD, DAI, and Tethers USDT, all while Bitcoin whales have been adding to their war chests as well.

Following an executive proposal decided upon on 11 December and executed on-chain on 12 December, MakerDAO [MKR] implemented an increment of its DAI Savings Rate from 0.01% to 1%.

Following an executive vote, DAI holders who deposit their holdings into the “DAI Savings Rate” smart contract can rake in a fixed yield.

MakerDAO voted to implement the DSR that would see DAI holders get 1% of their investments DAI, currently the fourth largest stablecoin, witnessed a decline in volume over the last 24 hours MakerDAO, the governance division of Maker, the company that issues DAI, recently voted on the addition of interest rates in a proposal on 28

MakerDAO has voted in favor of a proposal to increase its flagship stablecoin DAI rewards from 0.01% to 1%.

Almost 73% voted against CoinShares' proposal to invest $100-$500 million in U.S. bonds.

Open-source, decentralized blockchain network, Harmony, has officially upgraded its LayerZero bridge. The blockchain network was announced on Friday, 25th November 2022.

GnosisDAO's GNO token is now one step away from being an approved collateral for minting the DAI stablecoin on MakerDAO. The post MakerDAO delegates approve GnosisDAO token as DAI collateral appeared first on The Block.

The entity that moved funds out of crypto exchange FTX's wallets last week has been swapping its coins to accumulate ETH, making it one of the biggest Ethereum whales in existence. On Friday, FTX's general counsel Ryne Miller released a statement on the company's Telegram channel, saying the exchange had been hacked.

Here are the latest DeFi interest rates from the most established DeFi lending and savings platforms.  The post This Week's DeFi Interest Rates: Best Yields for Lending and Saving appeared first on Bitcoin Market Journal.

Maker has taken criticism for its "decentralized" stablecoin DAI's exposure to centralized stablecoin USDC. Its "Endgame" plan aims to address that.

The top four stablecoins — USDT, USDC, BUSD and DAI — recorded exponential growth throughout 2021 and the first three months of 2022, reaching a peak market cap of $160 billion. The post Research: Top 4 stablecoins gaining market dominance despite stagnant growth since May appeared first on CryptoSlate.

The bearish sentiment in cryptocurrency has been in effect for several months. Unfortunately, no one can say whether the market has tanked toward the bottom. On the brighter side, there is no better time to invest than during a downturn. This week, Dai (DAI) and Chiliz (CHZ) have been in the headlines.

Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months, according to research published by Best Brokers.

Stablecoins explained: In simple terms, a stablecoin is a digital currency that retains its value because it's backed by the value of an underlying asset, which can be anything from fiat currency to oil and gold, or sometimes even cryptocurrency. The post Best Stablecoins, Rated and Reviewed for 2022 appeared first on Bitcoin Market Journal.

The White House's recent regulatory framework for crypto and the reports that contributed to it have provided new insight into how the U.S. government intends to legislate on digital assets. 

The first draft of the new House Stablecoin Bill suggests placing a two-year ban on “endogenously collateralized stablecoins.”

The first phase of GNO becoming a DAI collateral has passed as the MakerDAO governance voted yes to the proposal. The post MakerDAO governance votes yes to adding GnosisDAO token as collateral for DAI appeared first on The Block.

The new stablecoin project has no connection with the Bank of Russia's digital ruble. The stablecoin will be pegged to ruble fiat currency.

CNBC host Jim Cramer is advising investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes. In a new Mad Money segment, Cramer says that investors should steer clear from meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB).

TRON Founder Justin Sun says that the launch of Tron's new stablecoin, Decentralized USD ($USDD), combines the best aspects of competing stablecoins on the market.

DOYLESTOWN, Pa., Aug. 19, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc.