Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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MakerDAO Bets Big on Auction to Plug $4 Million Debt Hole
Leading Defi firm MakerDao is reeling from the recent sharp drop in ETH price. Consequently, it will pursue an MKR auction in two days to plug a $4 million debt it has incurred during the crash. MakerDAO Community Vote However, the firm has called for a March 13 community vote before going on with the planned auction. According to the announcement the vote will decide on the necessary modifications occasioned by ETH's spectacular fall out. The $4 million under-collateralized debts…
5 years ago