It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since…
In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than…
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed…
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent…
MakerDAO has upgraded DAI as USDS, adding a controversial freeze function that raises decentralization concerns. MKR token holders are gearing up for governance updates to strengthen the protocol. Maker, a leading platform in decentralized finance, has recently undergone a rebranding and is now known as Sky. Alongside this change, their widely-used stablecoin, previously known as…
A whale address lost 55.47 million DAI stablecoins. CertiK Alert observed the attacker had accessed externally owned accounts (EOA) using Inferno Drainer. A crypto whale has fallen victim to a phishing attack, losing a substantial 55.47 million DAI tokens ($55M) after negligently signing a fraudulent transaction. According to the on-chain data, the funds were stored…
A whale address lost 55.47 million DAI stablecoins. CertiK Alert observed the attacker had accessed externally owned accounts (EOA) using Inferno Drainer. A crypto whale has fallen victim to a phishing attack, losing a substantial 55.47 million DAI tokens ($55M) after negligently signing a fraudulent transaction. According to the on-chain data, the funds were stored…
Blockchain security platform Scam Sniffer reported that a crypto trader lost $55.47 million in DAI stablecoin to a phishing attack. According to the firm, the trader lost their assets after mistakenly transferring ownership of their collateralized debt position (CDP) on DeFi Saver Proxy to a malicious wallet. DeFi Saver Proxy is a proxy contract deployed…