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MakerDAO’s DAI Stablecoin Surpasses $5B on Higher Yield, Lifting DeFi Lender Spark Protocol

The extra payout has drastically bitten into Maker’s profits, Kunal Goel, analyst at Messari noted in a report. “Higher rates on higher deposits ballooned the protocol’s interest expense [and] has dried up profit expectations,” he wrote. The too-high rate also opened up opportunities for arbitrage, Goel added. Source

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This scenario could spark Gary Gensler’s resignation: Former SEC official

The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief predicted that a Republican President could

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Advancements in AI to spark broader adoption of InQubeta and Bittensor 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Investors are always on the lookout for potential AI-based projects, given the transformative impact of artificial intelligence (AI) technology on various industries, including crypto. InQubeta and Bittensor are two AI-based projects in today’s decentralized finance (DeFi) market. InQubeta

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