The report discusses various developments in the crypto space. It highlights the potential impact of SEC lawsuits against Binance and Coinbase on certain assets, the expected settlement news of the $XRP lawsuit, and the upcoming launch of Aave’s stablecoin, $GHO. It also mentions the imminent launch of Mantle’s governance token, $MNT, and the increase in DAI Savings Rate by $MKR. Developments in $GMX V2, $LVL, $SNX’s v3, and $YFI’s new products are also discussed. The report also notes the potential of $Y2K as a hedge play against LSDs and stablecoins backed by them.
- Monitor the impact of SEC lawsuits: Assets listed as securities in the recent SEC lawsuits against Binance and Coinbase could be impacted, potentially leading to constrained market liquidity and possible delisting.
- Watch for $XRP lawsuit settlement news: The settlement news is expected soon and could establish a precedent regarding tokens being considered securities.
- Anticipate the launch of $GHO: Aave’s stablecoin, $GHO, is on the horizon, with an ongoing proposal to launch it on the Ethereum Mainnet.
- Prepare for the launch of $MNT: Mantle’s governance token, $MNT, is on the verge of launch following the recent passage of the MIP-22 proposal.
- Expect an increase in DAI Savings Rate by $MKR: $MKR is set to increase DAI Savings Rate to 3.49% on June 12th, which could significantly impact DeFi borrow and supply rates across all stablecoins.
- Keep an eye on developments in $GMX V2, $LVL, and $SNX’s v3: These platforms are expected to introduce significant updates and new features.
- Consider the potential of $Y2K as a hedge play: As LSDs and stablecoins backed by them emerge, $Y2K could serve as a hedge, allowing traders to protect their exposure.