Market Analysis Report (29 Jun 2022)

MakerDAO, the organization behind the issuance of the DAI stablecoin, is currently voting on how to allocate 500 million DAI of its treasury into U.S. Treasury bills and bonds. The vote is the result of the community agreeing on a liquid bond strategy and execution.

Canada-based investment firm, Cypherpunk Holdings (HODL), has sold all of its bitcoin and ether holdings to ride out the current market risks. In total, the company sold 205.9209 ETH worth around $227,000 and 214,7203 BTC, worth about $4.7 million.

Sky Mavis, the developer behind the popular non-fungible token-based video game Axie Infinity,  is reopening the bridge connecting the game’s Ronin sidechain to the Ethereum network, almost three months after closing it over a $600 million hack.

Top stories in the Crypto Roundup today:

  • Maker to Invest $500 Million in Treasuries and Bonds
  • Investment Firm Cypherpunk Holdings Sells its BTC and ETH Holdings
  • Axie Infinity’s Ethereum Bridge Reopens After $600 Million Hack