ApeCoin DAO launches bespoke NFT marketplace

    ApeCoin DAO launches a new NFT marketplace on Nov.23 that will sell NFTs from Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherdeed collections. The marketplace will honor creator royalties and pass half the seller fees for each transaction back to the ApeCoin DAO community. Back in August, the community…

    MakerDAO plans to move 1.1 billion USDC into Coinbase custody

    MakerDAO, the issuer of DAI stablecoin, is reportedly moving forward with a proposal to onboard an account to Coinbase prime and transfer about $1.1 billion (33% of its USDC) into custody. The platform could earn around 15 million USDC in annual revenue by moving assets to Coinbase, MakerDAO says. Porter Smith, an a16z deal partner,…

    Metaplex launches governance token MPLX for Solana NFT creators

    Metaplex, creator of the NFT protocol on Solana, is launching an MPLX governance token and will conduct an airdrop for NFT creators. Metaplex said it took a snapshot of eligible creators who created NFTs via Metaplex by August 24 and has removed of the airdrop hundreds of wallets “believed to belong to bad actors.” Metaplex…

    What will drive crypto’s likely 2024 bull run?

    Easing monetary policies, the decline of inflation, the change in Bitcoin’s mining difficulty, and growing confidence in DeFi are factors that point to a renewed surge for crypto prices, writes Cronos managing director Ken Timsit on Cointelegraph. Decentralized finance (DeFi) has seen tremendous growth since its inception, expanding by more than 1,200% in 2021 in…

    MakerDAO co-founder recommends to depeg DAI from USD

    Rune Christensen, a MakerDAO co-founder, has reached out to the community in light of recent conversations about decoupling its native token from USD Coin (USDC) amid the sanctioning of Tornado Cash to explain why free-floating DAI may be the only option for the decentralized autonomous organization (DAO). In his blog post titled “The Path of…

    Huobi predictions for 2022: Bitcoin bear market, DeFi and DAOs rise

    The exchange Huobi has predicted a bear market in 2022 for Bitcoin as central banks tighten their monetary policies and the market sees a liquidity crunch. On the other side, DeFi and cross-chain interoperability will continue to expand and adapt, with DAO governance eventually becoming a significant driver of activity. Another major entity in the…