Why MKR drops against ETH every time MakerDAO sells

MKR’s price decoupled from ETH as MakerDAO sold some tokens. On-chain and technical analysis suggested a bounce to $3,545 when the selling pressure halts. Over the last two weeks, a specific multisign wallet associated with MakerDAO has transferred approximately $14.4 million in MKR tokens to various cryptocurrency exchanges. Based on Spot On Chain’s report, some … Read more

Bitcoin vs. Ethereum: Higher fees spark debate as demand booms

Bitcoin transaction fees hit an all-time of $80 million.  Stacks exec believes fees will go even higher as BTC L2 expands.  After the fourth decrease in new Bitcoins rewarded for mining, Bitcoin miners have seen higher profits. On April 20th, Bitcoin transaction fees reached an unprecedented high of over $80 million, surpassing their previous peak … Read more

Hong Kong officials recommend the city’s crypto industry self-regulates

The Hong Kong Securities and Futures Professionals Association (HKSFPA) advises local crypto businesses to establish a self-governing body and keep an eye on each other to ensure adherence to regulations. According to the HKSFPA’s recommendation letter dated April 22, the financial market industry in Hong Kong places excessive emphasis on regulation. However, there isn’t any … Read more