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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Justin Sun, the Tron network founder and crypto investor, made a transfer of MakerDAO’s maker (MKR) tokens worth $4.3 million to the crypto exchange Binance. Sun transfers tokens Recent blockchain data analyzed by Arkham Intelligence has revealed that
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The spot market of MKR is thin and illiquid, meaning that a large sell order can significantly move the token price. A sell order for 525 MKR on the MKR/USDT pair on Binance, the most liquid market for the token, may cause a 2% price decline, according to Cryptowatch data. Source
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The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted governance tools, allowing token holders to “easily summarize and verify governance rules and processes, or generate new aligned governance proposals,” the proposal said. Source
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MKR is on for a bull run as the asset looks to cross the $730 mark. Trading at $722, the crypto had recorded an increase in price valuation of 7% within 24 hours of press time. MKR 24-hour charts | Source: CoinMarketCap The asset’s trading volume also increased by over 120% within
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The United States equities markets made a strong recovery this week but Bitcoin (BTC) failed to follow suit. This means that cryptocurrency investors stayed away and could be worried by the ongoing problems at Silvergate bank. These fears could be what is behind the total crypto market capitalization dropping to
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The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week and at the start of this week. The SEC is focusing on stablecoin issuers. The most recent SEC stablecoin crackdown
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On Twitter, in response to the 20,000 MKR being allocated to fight climate change, Moneysupply.eth, a risk analyst and governance contributor for several decentralized protocols, including MakerDAO, wrote, “So here’s a contrarian take: I am not convinced this specific initiative is the best path forward but [decentralized finance] desperately needs
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