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MakerDAO passes proposal for $750M increase in US Treasury investments

MakerDAO passes proposal for $750M increase in US Treasury investments
The emergency proposal increases MakerDAO's holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin's collateral exposure.
 
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
 
Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know
At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%. Investors turned their focus to digitized diamonds in search of safe haven amid high market volatility brought on by the collapse of no less than three banks in the United States. CoinDesk reported that Diamond Standard saw a surge in its marketplace following these bank closures. ... Read More: Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know
 
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