Leading decentralized stablecoin issuer MakerDAO has recently launched its Spark Protocol, an innovative lending platform designed to boost its DAI stablecoin. Along with the launch, the issuer boosted DAI’s yield from 3% to 8%, while it started to restrict users from accessing the platform’s frontend with virtual private networks (VPNs).
Digital banking platform Revolut has announced it’s set to shut down its cryptocurrency services in the United States over persisting regulatory uncertainties. The move comes after the firm delisted several digital assets for users in the country.
Asset management firm Valkyrie has filed to convert its Bitcoin Strategy exchange-traded fund (ETF) into a Bitcoin and Ether Strategy ETF on October 3. The firm’s Bitcoin Strategy ETF is an actively managed fund that primarily invests in BTC futures contracts.
Top stories in the Crypto Roundup today:
- MakerDAO Introduces Spark Protocol for Increased DAI Yields, VPN Users Shut Out
- Revolut to Shut Down Crypto Services in US Over Regulatory Uncertainty
- Valkyrie Files Add Ether Exposure to Its Bitcoin Strategy ETF
- CME BTC Options Volume Rises for the First Time in Four Months