The Hash
MakerDAO on Track for $1.28B Treasury Purchase; Bitcoin Miners Likely Selling Output at $28K: Matrixport
The most valuable crypto stories for Friday, June 2, 2023.
"The Hash" tackles today's hot topics: the community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds. The Twitter account of Mira Murati, OpenAI's CTO, briefly promoted a token linked to OpenAI after being hacked. Separately, bitcoin (BTC) is experiencing selling pressure at the $28,000 price level, and miners may be responsible, according to a Matrixport report. Plus, the impact and lessons learned from the ICO era.
See also:
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets
Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data
CoinDesk Turns 10: The ICO Era – What Went Right?
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This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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