• NFT sales decreased by 5.44% week-over-week to $193.08 million • Ethereum dominated the market with more than $107 million in sales • Top five collections included Cryptopunks, BAYC, MG Land, Otherdeed and HV-MTL Overview of NFT Sales Non-fungible token (NFT) sales for the past week totaled $193.08 million, a drop of 5.44% from the previous week. Ethereum […]
Bank Seizures and Shutdowns: Blackrock CEO Warns of Regulatory Risks
• Blackrock CEO Larry Fink has warned that tighter bank regulation could lead to additional bank seizures and shutdowns. • Silicon Valley Bank, Signature Bank, and Silvergate Bank have already failed in recent weeks as a result of asset-liability mismatches. • Fink anticipates that banks may become more constrained in their lending, leading clients to turn to the […]
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Depegging Incident
• On March 11, 2023, Makerdao issued an emergency proposal to address the $3.1 billion in USDC collateral that backs its stablecoin DAI. • Makerdao’s emergency proposal aims to limit the project’s exposure to potentially impaired stablecoins and other risky collateral while maintaining liquidity of DAI. • The proposed changes are expected to be posted in the next […]
Crypto Markets Stabilize, BTC & ETH Consolidate Recent Losses
• Bitcoin and Ethereum prices recovered from Friday’s sell-off, consolidating recent losses to start the weekend. • BTC/USD rose above a long-term support point at $22,300 following yesterday’s low of $22,213.24. • ETH/USD also rose above a price floor at $1,560 today, with bulls rejecting a breakout of 44.00 RSI support. Bitcoin and Ethereum Recover From Sell-Off Cryptocurrency […]
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