Author: CryptoHoppers

The project increased DAI’s savings rate since the community voted in support. Maker’s TVL in the last 30 days decreased but transactions using its stablecoin increased. MakerDAO [MKR], the Decentralized Finance (DeFi) project behind the stablecoin DAI, has announced an increase in the DAI Savings Rate (DSR). The move comes after a voting procedure that ended on 15 June.  Realistic or not, here’s DAI’s market cap in MKR terms For the unfamiliar, the DSR is funded out of Maker stability fees and helps to balance the supply and demand of DAI. Higher DSR but a second-fiddle TVL According to Maker,…

UK’s Competition and Markets Authority (CMA) has given a go-ahead to the deal noting that Amazon is not violating any competition concerns. Earlier today on Friday, June 16, Britain’s competition regulator gave a go-ahead to Amazon for its planned acquisition of the Roomba vacuum cleaner maker – iRobot Corporation. UK’s Competition and Markets Authority (CMA) said that they have cleared the deal which would not lead to any competition concerns in the country. Earlier in April 2023, the CMA started investigating the deal that Amazon.com Inc (NASDAQ: AMZN) made in August of the previous year. Amazon wanted to add more…

EigenLayer Stage 1 has been positioned on the Ethereum mainnet, through which Ethereum stakers can take part in EigenLayer, control their liquid staking tokens, and shift their funds. This is made possible with the help of EigenLayer contracts. Another option is building an EigenPod and shifting the funds to the EigenPod addresses. In the next stage, Eigenlayer will be bringing in operators who will carry out the confirmation activities related to Actively Validated Services (AVSs) that have been duly created on the EigenLayer protocol. The third stage will witness the protocol setting off the deliverance of various AVSs by utilizing…

ADA and DOGE could be affected by the Celsius’ decision to hold only BTC and ETH. ADA’s price could go downward and DOGE may not be faring any better. The decision by Celsius Network to liquidate the altcoins in its reserves could have a severe impact on Cardano [ADA] and Dogecoin [DOGE]. On 15 June, the crypto lending platform disclosed that it planned on converting all its altcoin holdings into Bitcoin [BTC] and Ethereum [ETH] only. Celsius will be selling all altcoins from all customers (except Custody and Withhold accounts) starting July 1st and will be converting them into Bitcoin…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bakkt has delisted solana (SOL), polygon (MATIC), and cardano (ADA), citing regulatory uncertainty in the US. The exchange says it’s awaiting further clarity on how to offer more altcoins compliantly.  The current regulatory dark clouds in the US continue to impact the crypto industry, as Bakkt has announced the delisting of SOL, MATIC, and ADA.  The decision comes as the U.S. Securities and Exchange Commission (SEC) continues its onslaught against web3 market participants in the country, despite failing to formulate clear-cut guidelines for the fledgling industry. SEC’s…

Introduction: In a thrilling turn of events at Sotheby’s Grails: Part II live auction, Ringers #879, famously known as “The Goose,” achieved a groundbreaking sale of over $6.2 million, inclusive of fees. This generative piece of blockchain artwork by Dmitri Cherniak has captivated NFT enthusiasts and garnered attention due to its unique history and artistic merit. Let’s delve into the remarkable journey of “The Goose” and the implications of its record-breaking sale. The Rise and Fall of Three Arrows Capital’s Starry Night Collection Once hailed as the crown jewel of Three Arrows Capital’s Starry Night Capital fund, “The Goose” originally…

Widely followed crypto analyst Justin Bennett called yesterday’s Bitcoin (BTC) rebound hours before it happened. Yesterday, Bennett told his 112,400 Twitter followers that a Bitcoin bounce could be on its way after a rough week for the crypto king. “Pretty spot on from BTC so far but maybe a bounce soon to flush some shorts.  Still a ton of long liquidations at $24,000. Let’s see.” Source: Justin Bennett/Twitter Hours later, Bennett’s predicted bounce occurred, taking BTC from a 24-hour low of $24,936 to a 24-hour high of $25,746, an over 3% leap. “And there’s the Bitcoin bounce.” Source: Justin Bennett/Twitter BTC is trading for…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP bulls have maintained steady buying pressure despite the wider market sentiment. Further losses in the coming days were possible, but recovery looked likely after a retest of a critical support level. Ripple’s CEO Brad Garlinghouse’s argument that XRP is not a security saw a large boost after the William Hinman document went public. On the lower timeframes, the trend had shifted bearish as the sentiment across the market darkened. Read XRP’s Price Prediction 2023-24 XRP saw a sharp…

In a high-profile legal battle within the NFT community, a defamation lawsuit has emerged, presenting a clash of perspectives that highlights the delicate balance between free speech and reputation protection. The lawsuit, filed in the United States District Court for the Western District of Texas, revolves around an article published by ZachXBT that allegedly damaged the reputation of Machi Big Brother. Let’s delve into the two contrasting perspectives surrounding the case. Perspective 1 – Defending Free Speech ZachXBT, a prominent blogger known for his NFT-related articles, finds himself at the center of the controversy. In a recent Twitter thread, he…

RIT Capital Partners Plc, a £3.6 billion ($4.6 billion) UK investment trust, marked down the value of investments in several high-profile crypto startups earlier this year. The trust, founded by Jacob Rothschild, had invested tens of millions of pounds in crypto firms since 2021, in addition to backing numerous tech startups. Its 2021 annual report shows positions of £27.8 million, £33.2 million and £20.8 million in Animoca Brands, Kraken and Paxos, respectively. In accounts for the following year, published in February, those positions had shrunken to £14.2 million, £16.2 million and £16.2 million. It is possible that part of RIT’s…