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Maker Reclaims the $1000 Mark; Is MKR Capsizing?


MKR is a governance token for Maker DAO and its protocol to issue and manage a DAI stablecoin. To your surprise, it is an ERC-20 token, and the Ethereum blockchain secures it. Maker is meant to support the DAI stablecoin, which is managed by its Maker DAO community with a soft peg to the US …

Game Maker Fund Releases the Valley of Belonging by the Sandbox


Game Maker Fund, supported by The Sandbox, releases The Valley of Belonging. The recent venture brings a diverse experience to the metaverse, where every background and identity is celebrated. The Sandbox proudly showcases its support for freedom, diversity, and pride of expression and identity...

Solana Labs, Smartphone Maker Osom Team up to Unveil Web3-ready Handset


  Solana Labs, the firm behind the Solana (SOL) blockchain, says it will launch an Android mobile phone for the Solana network – and aims to ship the device to customers as early as next year. The device will be called Saga and should feature crypto wallet functions, as well as a mobile software...

Biggest Movers: MKR up 20% to Start the Week, Whilst AVAX Rebound Continues


MKR was up by nearly 20% to start the week, as prices continued to move away from recent lows. AVAX was also in the green, as it climbed by over 10% on Monday, after hitting a ten-month low during the weekend. Maker (MKR) MKR was a notable mover to start the week, as prices climbed […]

Bancor Pauses Protection Mechanism Due to ‘Hostile Market Conditions’


  The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.” In an announcement published on Monday, the team behind Bancor said that impermanent loss protection has been “temporarily...

Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze


  The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing...

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