The latest price moves in crypto markets in context for Sept. 28, 2023.
that he is the owner of CommEX, the mysterious company that has bought Binance’s business in Russia. Binance, of which CZ is the founder and chief executive officer, this week announced it was quitting Russia after reports of a U.S. Department of Justice investigation into sanctions violations.
MakerDAO is one of the largest crypto lending protocols and issuer of the $5 billion stablecoin DAI. MakerDAO's sDAI represents DAI deposited in the protocol's DAI Savings Rate module. The notable spike in the exchange balance may breed price volatility, mainly to the downside. An increase in the so-called exchange balance is widely taken to represent investors' intention to sell or liquidate their holdings or deploy coins as a margin in derivatives markets.
The chart shows credit card default rates at top 100 U.S. banks and rest of the lenders since 1991 and U.S. recessions.
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