ArkotNews

The latest price moves in crypto markets in context for April 10, 2023.

MonkeDAO, a decentralized autonomous organization formed by owners of the Solana Monkey Business NFT project, will purchase all intellectual property rights to the collection from its current owner HadesDAO.

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

The total locked value of assets on the platform has risen over 300% since the start of this year, DefiLlama data shows.

It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.

Local stakeholders call the move a “marketing gimmick” while others say it's the most efficient way to distribute economic stimulus.

The high court's "major questions doctrine" could be used to limit the regulator's actions against crypto, said Jason Gottlieb, a partner at Morrison Cohen LLP.

The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.

The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.

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