Fortune has launched its Crypto 40 benchmark, ranking the top 5 firms in the crypto space across eight categories, including CeFi, TradFi, VC, NFTs, Data, Infrastructure, DeFi, and Protocols. Empirical metrics and surveys of over 200 financial executives conducted by Researchscape were used to find the top 40 firms, with the Ethereum Foundation topping the Protocols category and Coinbase coming in first in the CeFi category.

On March 13, an attacker extracted the majority of funds held by Euler protocol and converted them into ETH and DAI.

Euler Finance has announced that the hacker responsible for stealing around $200 million of assets has returned all "recoverable funds." The decentralized lending platform tweeted late Monday that the hacker had transferred 10,580 ether (ETH), worth around $19 million, to Euler.

Accroding to Cointime,OKX Wallet and Oasis.app have announced an official partnership, allowing users to connect their OKX wallet web extension to mint DAI. Moreover, Oasis.app is going to be featured on the Earn and Discover section of OKX Wallet, enabling users to experience seamless minting, earning, and lending service on Ethereum.

The exploiter behind the Euler Finance hack has returned an additional $37.1 million worth of ETH and DAI to the platform. Euler Finance, a decentralized finance (DeFi) platform, was hacked in February 2023, resulting in the loss of approximately $100 million worth of cryptocurrencies.

The lending platform MakerDAO has approved a new constitution and is moving forward with its endgame plan. The endgame plan is designed to transition the platform from a decentralized autonomous organization (DAO) to a more centralized structure, in order to improve its efficiency and scalability.

From the centralized stablecoins represented by $USDT and $USDC, to the over-collateralized stablecoins dominated by $DAI and $FRAX, to the rise and fall of $UST, the stablecoin world is constantly evolving. In this report, we'd like to show the current status and look into the future of stablecoins.

The Euler Finance exploiter has returned 51,000 ether to the DeFi lending protocol.

Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world’s second-largest stablecoin, dismissing any other viable options. 

MakerDAO, one of the most long-standing and successful crypto projects in decentralized governance, development, and operations, has entered the “Endgame Plan” phase.

Leading decentralized finance protocol, MakerDAO [MKR], has proposed changes to its Peg Stability Module (PSM) operations in response to DAI’s recent loss of parity with the US dollar. The proposal seeks community approval to adjust the PSM parameters. These were previously adjusted through a series of emergency proposals to prevent the stablecoin’s permanent de-pegging.

In the past week, MakerDAO has experienced a drop in total value locked (TVL), the supply of DAI, and annualized fee income, signaling some potential trouble for one of the world’s largest stablecoin issuers.

While its DAI stablecoin regained its parity with the U.S. dollar last week, increased uncertainty as to whether a further de-pegging should be expected resulted in a decline in MakerDAO’s [MKR] total value locked (TVL) in the last seven days. 

The annualized fee income of leading decentralized finance protocol MakerDAO [MKR] has declined since the collapse of Silicon Valley Bank (SVIB) on 10 March, data from MakerBurn revealed.

Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion. 

In a new emergency executive proposal, leading DeFi platform MakerDAO [MKR] has sought community approval to introduce a debt ceiling breaker for collateral assets used to mint its DAI stablecoin.

As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parameters to mitigate the risk against the volatility of stablecoin markets.

MakerDAO, which manages the "decentralized" dai stablecoin, launched an emergency proposal to reduce the amount of DAI that can be minted with other centralized stablecoins after concerns over Circle's exposure to the shuttered Silicon Valley Bank pushed users away from USDC and into competing assets.

Over the past few days, stablecoins lost the peg to $1; the main headline was USDC.

MakerDAO aims to address the stablecoin challenge with an emergency proposal. The latter will focus to limit exposure to distressed stablecoins while also strengthening the stability of DAI’s peg.