MKR Token Sale by MakerDAO Team Nears Completion

According to @EmberCN, an address associated with the MakerDAO team has been selling MKR tokens for the past 4 months. The sale, which started on March 18, has offloaded 28,743 MKR tokens worth $85.81 million to Wintermute OTC and exchanges at an average price of $2,985 per token. Only 2,228 MKR tokens worth $6.23 million remain to be sold. (Source)

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MakerDAO Leads in Collateralized Debt Position Protocols with High Revenue and TVL

According to @felixreads, MakerDAO continues to dominate the Collateralized Debt Position (CDP) protocols, reporting an average daily revenue of $246,351.50 and a Total Value Locked (TVL) of $4.9 billion as of August 5, 2024. This consistent performance over recent months underscores the strong position of MakerDAO's $MKR in the market. (Source)

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Discussion on WBTC Custody Change and MakerDAO Proposal

According to @ai_9684xtpa, there has been significant discussion today about the potential change in WBTC custody. MakerDAO has proposed to halt new WBTC lending and reduce the WBTC lending ratio in Spark to zero. Justin Sun has clarified the situation, while one of the co-founders of Jupiter has expressed skepticism. The tweet thread aims to provide comprehensive data on WBTC to help users understand its importance in the current crypto ecosystem. (Source)

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Top Crypto News: Mt. Gox Payouts, DBS Blockchain Solutions, Grayscale's MakerDAO Trust

According to @CCData_io, today's top crypto stories include the Mt. Gox trustee signaling upcoming creditor payouts with test Bitcoin transfers, DBS launching a blockchain-powered treasury and liquidity management solution, and Grayscale introducing a MakerDAO Trust to offer investors direct exposure to MKR. (Source)

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Large Whale Purchases 1474 WBTC Amid Market Changes

According to @ai_9684xtpa, a large whale or institution with the address 0x50f...4bF21 bought 1474 WBTC worth $84.03 million from Galaxy Digital OTC seven hours ago. This purchase comes at a time when WBTC is significantly affected by a 'custody change.' MakerDAO has passed and executed a proposal to reduce the WBTC collateral scale, indicating that WBTC's largest backer no longer supports its use in the DeFi ecosystem. (Source)

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Justin Sun Explains USDD Mechanism Similar to MakerDAO's DAI

According to Justin Sun, the decentralized stablecoin USDD operates on a mechanism similar to MakerDAO's DAI. The system allows any collateral holder to withdraw freely when their collateral exceeds the specified amount, typically between 120%-150% depending on the vault. (Source)

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Justin Sun Explains USDD's Mechanism Similar to MakerDAO's DAI

According to Justin Sun, the decentralized stablecoin USDD operates with a mechanism similar to MakerDAO's DAI. The process involves collateral management where holders can withdraw freely as long as their collateral exceeds the system-specified amount, typically ranging between 120% and 150% based on the vault. (Source)

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Potential High-Value Offer for MakerDAO Username

According to ZachXBT, there is speculation that a drainer customer might offer a six-figure sum for a username associated with MakerDAO. This indicates potential high interest and value in specific usernames within the crypto community. (Source)

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Potential High-Value Offer for MakerDAO Username Anticipated

According to ZachXBT, there is speculation that a customer, possibly involved in draining activities, might offer a six-figure sum to acquire a specific username associated with MakerDAO. This could indicate high demand and value for certain digital identities within the crypto community. (Source)

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Early $MKR Holder Sells After 7 Years, MakerDAO Down 24%

According to @spotonchain, an early $MKR holder who bought 451.5 $MKR in 2017 at approximately $23 has sold 251.5 $MKR for $408K, receiving 172.5 $ETH at $1,624 each, achieving a 70x return. MakerDAO has seen a 24% decline since its recent rebranding. (Source)

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