Story Highlights The live Price of the Maker Dao token is . Maker price could surge, as high as $5,827 by the end of 2024. With a potential surge, MKR's price could reach $17,191 by the end of 2030.

This week is critical for crypto, with the first rate cut since 2020 scheduled for Wednesday. According to crypto analyst Miles Deutscher, several altcoins are primed for explosive growth, depending on how the market reacts. Analyst has shared his top five tokens to watch closely, focusing on technical setups and fundamental factors.

Bitcoin has once again surged above $60k causing the entire cryptocurrency market to turn bullish with tokens like Orchid (OXT), Osmosis (OSMO), Peercoin (PPC), and Pendle (PENDLE) causing a buzz due to their price performance.

A cryptocurrency trader lost $1.13 million in 50 days, capitulating from his MakerDAO (MKR) position after the Sky announcement. MakerDAO is one of the most popular decentralized finance (DeFi) governance protocols created to support the multi-collateralized dollar stablecoin, DAI.

Amid the crypto market hitting a crossroads near the weekend, the altcoins market is ending the week on a minor recovery note. With the increasing chances of a breakout rally next week, many altcoins offer a simple buy low, sell high opportunity.

Pendle price has been on an uptrend for the past seven days, becoming the best-performing real-world asset (RWA) token in that sector. PENDLE gained a staggering 27% in a week, bringing its market cap to $547 million.

Take a comprehensive look at this article, as traders gear up for the US Presidential Election with a strategic investment in these five bullish coins. Find out which cryptocurrencies are anticipated to offer stable returns during the uncertain election period.

TL;DR Pendle's Expansion: Pendle, a DeFi protocol, has launched Bitcoin yield pools, allowing BTC holders to explore new yield strategies and broaden their options within the DeFi ecosystem.

The global cryptocurrency market cap rose early Thursday as upside momentum during the Asian trading hours pushed Bitcoin (BTC) to a one week high above $58,400. Several altcoins followed suit, with outperformers being Sui (SUI) and Artificial Superintelligence Alliance (FET). Amid broader market gains, Nano (XNO) and NEM (XEM) also rose.

The floating yields on the bitcoin-linked LBTC token are from pools that went live on Wednesday. There's also a fixed-yield option of an annualized 10%.

Pendle, a decentralized finance (DeFi) yield trading protocol, has made a significant leap by expanding into Bitcoin (BTC) yield options.

Pendle (PENDLE) has made a bold move into Bitcoin yields by launching a new BTC pool, offering Bitcoin holders enhanced yield trading opportunities. With the introduction of the LBTC x Corn Pool, Bitcoin enthusiasts can benefit from diversified strategies, including higher returns, fixed yields, and more trading options.

Pendle's BTC pools expansion diversifies DeFi opportunities, enhancing yield strategies and fixed yield trading for Bitcoin holders. The post Pendle expands yield opportunities for Bitcoin holders with new BTC pools appeared first on Crypto Briefing.

Bitcoin (BTC) surged above $57k as the cryptocurrency market attempted to recover from last week's sharp decline to a low of $53.3k. The market has faced additional pressure due to a negative streak of net outflows.

The recent turmoil within the market has dragged the majority of the tokens below the crucial support levels. Meanwhile, some of the altcoins like FTM, AI tokens like FET or memecoins like WIF have been displaying significant strength.

Cryptocurrency is constantly evolving, and these three are at the forefront of innovation.

MakerDAO's rebranding to Sky has diehard decentralized finance fans worried, but expert claims the move was necessary for the platform. On Aug. 27, MakerDAO founder Rune Christensen announced that the DeFi platform will rebrand as Sky.

Explore an in-depth examination of RWA Coins price outlook in the current market context. The article provides expert insights and anticipations based on recent market trends and cryptocurrency forecasts.

MKR is currently trading at the lowest price since early January 2024.

MakerDAO down 24% post-rebrand, facing market criticism and concerns. Early MKR holder sold for 70x profit amid recent rebranding.

A whale sold seven-year old holdings of Maker (MKR), just as the protocol is rebranding and aiming to find new users and sources of liquidity.

Decentralized Finance (DeFi) Protocol Penpie recently fell victim to an exploit that took millions of dollars worth of several crypto assets. Pendle, the protocol Penpie is based on, addressed the incident in a post-mortem post, revealing to have prevented further losses worth over $100 million in users' funds.

In a swift and coordinated response, DeFi project Pendle successfully protected approximately $105 million from a potential drain following a significant hack involving Penpie, an independent yield optimizer built on the Pendle ecosystem.

Pendle secured $105 million after a Penpie hack. Attacker exploited $27 million; funds converted into 11,109 ETH.

In a post-mortem published on Wednesday, the decentralized finance (DeFi) protocol Pendle claimed to have safeguarded around $105 million in funds.

Key points:

DeFi protocol Pendle says it saved around $105 million from being further drained following a $27 million hack of yield optimizer Penpie.

Despite a general crypto market decline that has seen the global crypto market cap drop by about 1% to $2.03 trillion, Mantra (OM), Bitcoin SV (BSV), and AAVE have registered impressive gains, driven by recent developments.

Mantra, the popular cryptocurrency for Real World Asset tokenization, bounced back on Tuesday, Sep. 3 after hitting a crucial support level.

Executives from Aave and MakerDAO, now known as Sky, have proposed forming an alliance aimed at improving the sustainability of decentralized finance (DeFi).

The traders have gained immense interest in the RWA tokens during the last quarter of 2023, which triggered a bullish wave within the markets. The market capitalization of them soared massively from around $2 billion to as high as $57.60 billion by the end of Q1 2024.

September is expected to be the beginning of change for the crypto market, which could be a boon for altcoins.

The Gnosis Chain community is exploring alternative solutions to replace xDAI. Among the proposed options is the adoption of another decentralized stablecoin.

Rune Christensen, co-founder of the decentralized finance platform Maker (MKR), has clarified that while the upcoming stablecoin rebrand will introduce a freeze function, it will not be applied to the existing DAI stablecoin.

Gnosis Chain members are reassessing their choice of gas tokens following MakerDAO's rebranding to Sky and the introduction of USDS.

Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.

A journalist at Foresight News confirmed they picked up MakerDAO's original handle on social media platform X during its rebrand to Sky.

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally.

Many altcoins have struggled to maintain a bullish outlook for much of this cycle, resulting in only a few reaching new all-time highs (ATH).

MakerDAO Rebrands: In a strategic move to broaden its appeal and streamline operations, MakerDAO, a pioneer in decentralized finance (DeFi), is rebranding itself as “Sky.” This rebranding marks a significant evolution for the platform, co-founded by Rune Christensen, as it seeks to reinforce its position in the DeFi space while

MakerDAO has undergone a significant transformation, rebranding itself as Sky Protocol and enhancing its platform.

Based on its description, the USDS stablecoin will have a function that allows its issuer to freeze the token.

Maker Protocol rebrands as Sky, introducing new stablecoin USDS and governance token SKY to enhance accessibility and lead the next evolution of decentralized finance.

Just a day after MakerDAO rebranded to Sky, the community has been debating the implications of the new freeze function. MakerDAO co-founder Rune Christensen steps in to provide clarity.

In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky', a shift aimed at appealing to a wider user base.

On August 27, MakerDAO, a leading name in decentralized finance (DeFi), announced its rebranding as “Sky” as part of its broader strategy to enhance the protocol's scalability and accessibility.

MakerDAO's rebrand to Sky is the first phase of the ‘Endgame Plan', aimed at completely overhauling its governance.

The decentralized finance platform MakerDAO has been rebranded into Sky protocol, improving its functionalities. According to an official announcement, its tokens also got new names: DAI stablecoin, now USDS, while the MKR token changed to SKY.