Positive news continues to come from Celsius, one of the most important fund and crypto borrowing institutions that have come to the agenda with liquidation problems in the last 1 month. BlockFi has completely paid off its debt to Celsius MakerDAO, which has similar problems with companies such as 3AC, Voyager and is said to be about to go bankrupt.
Critical Voting Completed in MakerDAO
The vote of MakerDAO, which we wrote 2 days ago, to add a bank to its ecosystem has concluded today. Huntingdon Valley Bank (HVB) has now joined the Maker network. Once the community approves the proposal, HVB will be able to start trading with an initial debt ceiling of 100 million.
Ethereums Continue to Be Transferred to Exchanges
The transfer of Ethereum to crypto money exchanges has reached the highest level of the last 11 months. According to the statement, 220,000 Ethereum was transferred to crypto money exchanges in the last 5 days. This development will increase the selling pressure on Ethereum.
Aave's Stablecoin Move
One of the largest DeFi protocols, Aave is launching a stablecoin. The coin, called GHO, will be collateralized with high-yield assets. This move, which is still being discussed at the moment, will first pass through a vote on the administration. Aave founder Stani Kulechov said that while the GHO will be collateralized with assets in the Ethereum marketplace, its main goal is to evaluate real-life payment opportunities and complete its organic adoption with Layer 2.
The Great Accusation of Celsius
Celsius was taken to court on charges of market manipulation by his former partner, Jason Stone, CEO of the company KeyFi. Stone also said he was unable to secure millions of dollars in debt from Celsius and that they had not fulfilled their contractual obligations. Celsius has 20 days to answer the charges.
Shiba Launches Stablecoin
Shiba INU has announced the start of work on a stablecoin and a reward token called TREAT. Shytoshi Kusama, Lead Developer at Shiba, said that after the Terra crisis, people's fears about stablecoins increased after the Terra crisis, but he believes SHI will not be affected by market fluctuations.
Reddit Enters the NFT World
Reddit has announced that NTF avatars have started to be sold. Reddit, which works with Polygon for this project, will also make sales on Polygon. Following the cooperation with Reddit, one of the world's largest social media platforms, Polygon's coin MATIC rose by about 15% yesterday.
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