How Many Metaverses Are There And Will It Matter In The Future?
Celsius Network has Hired Restructuring Lawyers to Provide Financial Solutions

Maker Protocol Announces sETH Holdings

Join the Trading Community: Learn & Earn with BingX.

Today’s Cryptocurrency Headline

Maker Protocol announced the holding of stETH, whose collateral represents ~3% of all DAI collateralisation, worth about $260 million. WSTETH-A vault type has 204,661.12 WSTETH locked, worth $243.2 million, 82.9 million DAI total debt, and 293.42% overall collateralisation (minimum collateralisation is 160%). WSTETH-B vault type has 9,014.31 WSTETH locked, worth $10.7 million, 2.5 million DAI total debt, and 424.42% overall collateralisation (minimum collateralisation is 185%). Maker said that for the WSTETH-A vault type, if stETH falls to $892, $33.3 million worth of stETH will be liquidated; if stETH falls to $582, $74.6 million worth of stETH will be liquidated. For the WSTETH-A vault type, if stETH falls to $903, stETH worth $645,000 will be liquidated; if stETH falls to $594, stETH worth $2 million will be liquidated.

BingX’s Bitcoin Chart

Source: TradingView & BingX

CNBC senior economics correspondent Steve Liesman said on a program that the Fed could raise rates by 75 basis points this week. Bitcoin is down 7.15% over the last 24 hours and fell to an intraday low of $20,846.00. The cryptocurrency market dropped further as The CME FedWatch Tool shows the market participants see a 94% chance of a 75 basis-point hike to be announced Wednesday. If this event happens, we could see additional selling-off in the traditional equity market as well as the cryptocurrency market, which could bring the Bitcoin price below the psychological level of $20,000.

Disclaimer:  BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.