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juce

@xqw

1248 Following
221 Followers
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@xqw The RWA stablecoin project Usual has announced that it has set appropriate limits for all Morpho markets and strongly recommends users to migrate their positions to new markets as soon as possible. The rewards in the original market have been abolished, and liquidation and bad debt commitments have been restricted to the capped vault. Usual stated that it has successfully protected lenders in the vault from the impact of bad debts, but does not recommend continuing to lend directly to the market. In addition, Usual clarified that any custodian, including MEVCapital, is not aware of the bottom price execution before the on chain update. Previously, Usual issued a statement yesterday regarding the USD0 de anchoring, stating that they are actively ensuring that there are no bad debt issues in the current lending market. All liquidation proceeds will directly flow into the DAO treasury, ultimately benefiting USUAL holders. @ftytgufyvbyh
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According to Cointelegraph, cryptocurrency research firm CoinShares stated in a blog post on January 10th that establishing a reserve bank in the United States will accelerate the adoption of Bitcoin, even faster than the launch of exchange traded funds (ETFs) in 2024. In 2024, US lawmakers proposed the Bitcoin Act, which would instruct the US Treasury Department to purchase 1 million BTC within 5 years to establish a 'strategic Bitcoin reserve'. President elect Donald Trump approved the plan, but it has not yet been passed into law. CoinShares stated, "We believe that the enactment of the US Bitcoin Act will have a more profound long-term impact on Bitcoin than the launch of ETFs." CoinShares stated that "multiple interactions with institutional clients" indicate that Bitcoin's "reputation" as an asset class remains a major obstacle for institutions to adopt BTC.@xqw @hupochaun
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