MakerDAO proposes allocating $600 million worth of DAI into USDe (2 minute read)
DAI-issuer MakerDAO is considering adding $600 million DAI into Ethenaās yield-bearing USDe and sUSDe stablecoins via the Morpho lending protocol. It added an initial $100 million on March 29th, enhancing DAI yields with USDeās funding rate arbitrage strategy. Some DAO members are hesitant to ramp up Makerās exposure to the relatively new protocol so quickly, though the proposers maintain that the risk parameters are acceptably low.
Deep Dive into Binanceās recent struggles (3 minute read)
Binance is struggling with regulatory issues as multiple countries, including France, the Netherlands, Belgium, and Nigeria, have taken legal action against the exchange for operating without proper authorization. The Nigerian complaint, centered on allegations of money laundering and financial instability, escalated with the detention and escape of a Binance executive. This regulatory scrutiny highlights a pattern of Binance prioritizing expansion over adherence to security and compliance standards, which could lead to increased legal challenges and a push for tighter regulations on crypto exchanges.