DeFi
🌐MakerDAO wants to integrate $1 billion in real-world assets
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Cryptocurrency markets have soared over the weekend, with Bitcoin and Ether up 5% in the past 24 hours. BTC is trading at around $62,000, while ETH is trading at $3,350, and Ether spot ETFs are expected to be approved by the SEC this week.
Meanwhile, South Korea’s ruling party has proposed delaying taxes on cryptocurrency gains by three years in response to public pressure.
In DeFi news, Usual Money’s RWA-backed stablecoin USD0 is seeing steady growth after the protocol launched an incentive program.
✍️ In today’s newsletter:
- MakerDAO’s New RWA Gets Noticed by BlackRock
- South Korea proposes to postpone cryptocurrency tax until 2028
- Usual Money Launches Mainnet and Incentives Program
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📈 Markets in the last 24 hours:
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Discover our interview with Dr. Marwan Al Zarouni, the CEO of the Dubai Blockchain Center And advise has The Government of Dubai. Catch up with our interview with Chris Bradbury, the CEO of Summer.fito learn more about the new features of the project points campaign. Also, check out our explanatory dive into passive income strategies using DeFi protocols 👀
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💰 BlackRock’s BUIDL to Participate in MakerDAO’s $1B RWA Campaign
MakerDAO Spark Tokenization Grand Prix — a competition aimed at integrating $1 billion in tokenized real assets — is scheduled to begin on August 12.
The initiative has attracted the attention of major financial heavyweights, including BlackRock, which manages $10 trillion in assets, Superstate and Ondo Finance.
MakerDAO MKR token is up nearly 30% in the past seven daysmaking it one of the best performing players among the top 100 digital assets by market capitalization.
🇰🇷South Korea’s ruling party proposes to delay cryptocurrency taxation by three years
South Korea’s ruling political party is pushing for defer taxes on cryptocurrency gains for an additional three years.
The People Power Party, of which Chairman Yoon Suk-yeol is a member, swore in at the last general elections in April to delay tax on crypto gains.
The country’s Ministry of Economy and Finance must now approve the latest proposal. postponed to January 1, 2028.
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💸Usual Money Press Releases on Public Mainnet and Incentives Program
Since its public launch, USD0 Market Cap Hits $90 Millionpropelling USD0 into the Top 25 Largest Stablecoins In terms of market capitalization, it sits just below Aave’s GHO.
🌍 SOMEWHERE ELSE
- Bitcoin Reclaims $62,000 as ‘Trump Trades’ Come Back into Fashion After Weekend Attack (CoinDesk)
- Bitcoin ETFs herald a less volatile token in the long term, traders say (Bloomberg)
- North Korean hackers sent stolen cryptocurrencies to a wallet used by an Asian payment company (Reuters)