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Maker (MKR) has experienced a notable surge following the announcement of Grayscale Investments' Grayscale MakerDAO Trust. Grayscale, the world's largest crypto asset manager, has introduced this innovative investment vehicle to provide exposure to MKR, the governance token of MakerDAO.
MakerDAO's MKR token has jumped by more than 5% to over $2100 after Grayscale launched a new fund exclusively for the decentralized lending platform. The latest product, MakerDAO Trust, will enable investors to gain exposure to MKR, the native token of the Ethereum-based DeFi protocol.
TL;DR Grayscale MakerDAO Trust Launched – Grayscale Investments has created a new trust for MakerDAO's MKR token. Access to a DeFi ecosystem : The fund offers exposure to an on-chain lending protocol and other assets in the MakerDAO ecosystem.
Grayscale, the world's largest crypto asset manager, now operates at least 17 single-asset crypto investment products.
Grayscale also launched funds for protocols Bittensor and Sui in August.
The Grayscale MakerDAO Trust is the new offering for investors, which features MKR, the governance token of MakerDAO.
Digital asset manager Grayscale has announced the launch of its MakerDAO Trust, a new single-asset cryptocurrency investment fund through private placement. This follows a similar rollout of other crypto-based trusts to create investor exposure in the market.
The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.
Grayscale Investments has launched the Grayscale MakerDAO Trust, marking an enhancement to its suite of crypto investment offerings. This Trust provides streamlined access to MKR, MakerDAO's utility and governance token.
Bitcoin (BTC) market sentiment remains erratic, as the wild volatility experienced this month looks set to continue. BTC had seen a spectacular collapse to a six-month low but quickly regained ground.
The DeFi Education Fund's fight against a “patent troll” is over, and the group says the patent will be made available to everyone.
The patent for “oracle-like” data storage contained technology that was already in existence, DEF said.
The DeFi Education Fund said it purchased a patent from True Return Systems that will end litigation against MakerDAO and Compound Protocol.
MakerDAO is evaluating whether to halt the minting of its DAI stablecoin using Wrapped Bitcoin (WBTC) as collateral.
In light of Justin Suns increased role, MakerDAO is reviewing its risk management practices as BitGo plans to transfer WBTC custody to a joint venture with BiT Global within the next 60 days. MakerDAO Reconsiders WBTC Debt Ceilings An important participant in the decentralized finance (DeFi) space, MakerDAO, is now analyzing how the impending changes to Wrapped Bitcoins (WBTC) custody would affect its risk management system.
BA Labs on MakerDAO wants the Maker protocol to limit exposure to wrapped Bitcoin (WBTC). The recommendation follows the news that WBTC issuer BitGo will partner with BitGlobal to transfer WBTC control to a new joint venture involving Tron founder Justin Sun.
MakerDAO raises concerns about Justin Sun's involvement in the upcoming Wrapped Bitcoin (WBTC) custody changes.
MakerDAO, a prominent player in the decentralized finance (DeFi) sector, is assessing the impact of the upcoming Wrapped Bitcoin (WBTC) custody shifts on its risk management framework. Due to BitGo, a major WBTC custodian, recent statement that it would transfer the control of the product to a new joint venture with BiT Global, the governance-focused
Exponential, an investment platform for crypto holders, has downgraded MakerDAO's DAI pool risk rating from Low to Average, according to the latest information shared with Finbold on August 9.
The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows.
Following a strong rally that took it past the $70,000 mark, Bitcoin (BTC) has lost considerable momentum, with the price dipping below $66,000 during the ongoing session.
Maker bulls exert significant effort to counter the dampening sentiment in the cryptocurrency market, resulting in a 5% price increase for MKR to $2,850. Bitcoin and most altcoins plunged into negative territory after Monday's strong performance, which saw Bitcoin climb to $70,000.
Maker (MKR) Price Poised to Hit $3000 Maker price has been training within a strong ascending trend ever since the trend broke out of the consolidation during H2 2023. While volatility surged heavily, causing a 150% rise since the start of the year to mark interim highs close to $4000.
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