The Block
MakerDAO, in an accelerated governance proposal, has implemented temporary fee changes to the Maker Protocol in order to shore up support for the Dai stablecoin amid market volatility. The Dai saving rate has been increased from 5% to 15%, among other changes, as Maker attempts to alleviate sell pressure of the dollar-pegged stablecoin.
While Solana itself doesn’t have a mempool, Jito Labs’ feature had led to complaints of so-called ‘sandwich attacks’ on Solana retail traders.
Quick Take: The volume of Bitcoin moved in the past week is the highest in 18 months, and miner revenue has grown to match it, according to The Block’s data. Bitcoin miners are racing to purchase equipment and searching for locations with low-cost electricity in order to run them, according to a report in Bloomberg.
Quick Take SEC Chair Gary Gensler is not giving any hints on whether the agency might approve spot Ethereum ETFs. Big name firms including BlackRock and Fidelity filed for spot Ethereum ETFs in November and have since been followed by Franklin Templeton, Ark 21Shares, VanEck and Grayscale.
Quick Take The bill would give DAOs legal existence, which enables them to contract with third parties, open bank accounts, appear in court and enables them to pay taxes. Miles Jennings, a16zcrypto general counsel, called the bill a “major breakthrough” on Friday on X.
Quick Take MIT x Harvard Blockchain Accelerator has launched to support web3 founders. The accelerator’s first cohort program will begin next month and conclude in June.
Cumulative trading volume for spot Bitcoin ETFs surpassed $100 billion after launching less than two months ago.Volumes have surged in the last two week’s including this Monday when the combined buying and selling activity for spot bitcoin ETFs nearly hit $10 billion.
The price of ether has hit $4,000 for the first time since December 2021.The milestone comes amid ongoing speculation over the prospect of a spot ether ETF in the U.S. this year — but opinions on approval vary.
Aevo is launching pre-market trading for its own upcoming token.The token is set to launch on March 13, with less than 5% of the supply allocated for users.
U.S. spot bitcoin ETFs now hold roughly 4% of the entire 21 million BTC supply combined.The nine newborn ETFs are on pace to hold more bitcoins than Grayscale’s converted GBTC fund by the end of today.
