Gate News Bot news, September 4th, according to CoinMarketCap, as of the time of writing, SPK (Spark) is currently priced at 0.06 USD, having risen 8.46% in the last 24 hours, with a high of 0.07 USD and a low of 0.06 USD. The current market capitalization is approximately 100 million USD, which is an increase of 7.83 million USD compared to yesterday. Spark is a blockchain-based financial platform focused on providing users with stablecoin yields and lending services. Its core products include Spark Savings and SparkLend. Spark Savings allows users to deposit stablecoins to earn yields, with the current annualized yield rate at 4.5%. SparkLend provides transparent lending services, allowing users to borrow stablecoins such as USDC and USDS. Spark has also launched its native token SPK, used for

Gate News Bot news, on September 2nd, according to CoinMarketCap data, as of the time of writing, SKY (Sky) is currently priced at 0.07 USD, with a rise of 4.87% in the last 24 hours, reaching a high of 0.07 USD and a low of 0.06 USD. The current market capitalization is approximately 1.569 billion USD, an increase of 72.9 million USD compared to yesterday. Sky Protocol is a decentralized open financial ecosystem powered by the USDS stablecoin and the SKY governance token. Users can store USDS in a non-custodial manner to earn Sky savings interest (SSR), and can also use USDS to participate in the Sky token rewards (STR) program. Sky.money serves as a non-custodial gateway, providing eligible users access to Sky protocol features, including

According to Foresight News, Sky Protocol (formerly MakerDAO) spent 1.4 million USDS to repurchase 20.06 million SKY in the past week.

Jinse Finance reports that S&P Global has assigned a credit rating of "B-" to the issuer of USDS, Sky Protocol. According to Sky, this is the first time the rating agency has issued a credit rating for a stablecoin system. According to S&P's official website, a B rating means that the entity is more vulnerable to adverse business, financial, and economic conditions but still has the capacity to meet its financial obligations. The report points out that "Outlook Stable" but also states that the rating of Sky is constrained by its highly concentrated depositors, highly concentrated governance structure, and weaker risk-adjusted capital strength. S&P noted that although founder Rune Christensen holds 9% of the governance tokens, due to the low voting rate, Christensen has significant power in determining the future direction of Sky.

Since the signing of the US GENIUS stablecoin bill, the supply of interest-bearing stablecoins has surged, with the Circulating Supply of USDe and USDS significantly increasing. USDe has risen to third place, with annual yields of 10.86% and 4.75%, respectively.

Odaily News Sky announced on the X platform that last week it used 1.39 million USDS to repurchase 16.55 million SKY, bringing the total repurchased amount of SKY to 1.11 billion, which accounts for approximately 3.28% of the total supply.

Gate News Bot News, August 4th, according to CoinMarketCap data, as of the time of writing, SPK (Spark) is currently priced at 0.12 USD, with a rise of 24.75% in the past 24 hours, reaching a high of 0.12 USD and a low of 0.08 USD. The current market capitalization is approximately 126 million USD, an increase of 25 million USD compared to yesterday. Currently, SPK ranks 298th in the global Crypto Assets market capitalization. Spark is a decentralized finance platform focused on providing users with stablecoin yields. Users can earn a 4.5% yield on stablecoins through Spark Savings and can withdraw USDC, USDS, or DAI at any time without slippage or platform fees. Spark also offers SparkLend lending services, allowing users to borrow USDC and USDS by collateralizing assets. Spa

Gate News Bot news, on July 30th, according to CoinMarketCap, as of the time of writing, SPK (Spark) is currently reported at $0.11, rising by 21.47% in the last 24 hours, with a maximum of $0.19 and a minimum drop to $0.08. The current market capitalization is approximately $120 million, an increase of $21.1 million compared to yesterday. It currently ranks 324th in the market capitalization of Crypto Assets. Spark is a DeFi protocol focused on stablecoin yields. Users can earn a 4.5% yield on stablecoins through Spark Savings, which can be withdrawn anytime as USDC, USDS, or DAI, with no slippage and platform fees. Spark also offers SparkLend lending services, where users can borrow USDC and USDS, with transparent interest rates determined by governance. SPK is Spa

PANews July 24 news, according to Yujin monitoring, Rune, the co-founder of Sky (formerly MakerDAO), is using SKY staking rewards for buyback operations. Half an hour ago, he received staking rewards, including 1.9 million USDS and 10.378 million SPK (total value of approximately 1.3 million USD), and transferred them to the buyback address. Currently, Rune is repurchasing SKY Tokens by selling SPK.

Gate News Bot news, on July 22, according to CoinMarketCap, as of the time of writing, SPK (Spark) is currently priced at $0.07, with a pump of 50.02% in the last 24 hours, reaching a high of $0.07 and a low of $0.03. The current market capitalization is approximately $70 million, with a rise of $2.33 million compared to yesterday. Spark is a decentralized financial platform aimed at maximizing stablecoin yields for users. Users can earn stablecoin returns through the Spark Savings feature, with the returns sourced from Spark's capital allocation in DeFi, CeFi, and physical assets. Spark also offers lending services through SparkLend, where users can borrow stablecoins such as USDC and USDS. SPK is the native token of the Spark ecosystem and can be used for staking.

Gate News bot message, a cryptocurrency whale has executed a significant trade by selling 270,000 UNI tokens for $2.7 million USDS at $10 per token, resulting in a $1.39 million profit. The blockchain data shows that the whale retains 155,471 UNI tokens, currently valued at $1.56 million. The trans

Gate News bot message, Sky official recently announced that a new round of execution voting has been approved. According to the announcement, the relevant changes will begin deployment on June 30, 2025, at 22:00. This change involves multiple functionality updates: SKY stakers will receive SPK Mining privileges, USDS providers will enable SPK Mining functionality, and MKR to SKY upgrades will be executed.

According to BlockBeats news, on June 30, Sky officially announced that the new execution vote has been approved, and the changes will be available for deployment starting at 22:00 on June 30, 2025. A formal announcement will be released after the execution is completed. It will allow SKY stakers to enable SPK Mining, enable SPK Mining for USDS providers, and carry out the third phase of the MKR to SKY upgrade, among other operations.

Gate News bot message, Sky (formerly MakerDAO) announced through a new round of execution voting, determining several important feature updates. According to the announcement, this voting approved the SPK mining function for SKY stakers, the SPK mining function for USDS providers, and also approved the third phase implementation plan for upgrading MKR to SKY. These system updates are confirmed.

Gate News bot message, on June 16th, U.S. time, the stablecoin USDC issuer Circle had a strong performance on its first day of trading in the U.S. stock market. Data shows that Circle's stock price briefly reached a high of $165.60, ultimately closing at $151.06, a 434% rise from the $31 issuance price, with a market capitalization of $33.617 billion. According to statistics from the Wu Shuo team, the major global stablecoin projects include USDT, USDC, USDS (formerly DAI), USDE, USD1, FDUSD, PYUSD, XAUT, PAXG, and TUSD. The statistical content covers information such as the market capitalization, issuers, and collateral of each project.

According to @EmberCN monitoring, Sky Lianchuang Rune spent 2.727 million USDS to buy back SKY again last night. Since June 4, it has used about 5.057 million USDS to repurchase 60.954 million SKY, with an average repurchase price of $0.083. The SKY proceeds from these buybacks have now been transferred to their staking address and staked.

According to Gate News bot, monitored by Onchain Lens, a few hours ago, Metalpha withdrew 18,000 ETH (48.05 million USD) from CEX. They offered it to Spark, borrowed 12 million $USDS and 8 million $DAI, exchanged it for 20 million USDC, and then deposited it back to CEX.

Gate News bot message, Sky( co-founder of MakerDAO) Rune transferred 2 million USDS to the repurchase Address last night, which has all been repurchased into SKY. Since the 4th, he has cumulatively used 2.33 million USDS to repurchase 30.227 million SKY at an average price of 0.077 USD.

Gate News bot reports that according to The Data Nerd's monitoring, one hour ago, Whale 0xAaf deposited 1,690 ETH (approximately 4.54 million USD) and 4.5 million USDT into CEX. If he sells ETH at this price, he will incur a loss of about 280,000 USD. These ETH were accumulated last year, with an average get on board price of approximately 2,801 USD. Currently, his portfolio includes 42.22 million USDS held in AAVE and 1,212 ETH held in Spark.

According to ChainCatcher news and analyst Yu Jin's monitoring, Sky co-founder Rune transferred 2 million USDS to the repurchase Address 30 minutes ago, and has now used 300,000 USDS to repurchase 3.96 million SKY. Since the 4th, he has cumulatively used 630,000 USDS to repurchase 8.29 million SKY, with an average price of approximately 0.076 USD.

Odaily News According to on-chain analyst Yu Jin's monitoring, Rune continues to buy back $SKY: 30 minutes ago, he transferred 2 million USDS to the buyback address and has already used 300,000 USDS to buy back 3.96 million SKY. Since the 4th, he has repurchased 8.29 million SKY using a total of 630,000 USDS, with an average price of $0.076.

PANews June 6 news, according to Yujin monitoring, Rune, co-founder of Sky (formerly MakerDAO), repurchased 4.33 million SKY worth about $330,000 using stake rewards in the past two days. Rune previously staked 3.16 billion SKY (about $229 million) and currently earns about 100,000 USDS daily as rewards. The repurchase price was approximately $0.076.

According to the Gate News bot, parsec data shows that the SKY stake module is officially launched, providing a 17.29% USDS reward yield. Data records indicate a large-scale on-chain conversion of MKR to SKY, with the largest single conversion record reaching 400,253,742 SKY, with a conversion value of approximately 29.6 million USD. As the governance token of the Sky ecosystem, SKY is an upgraded version of MKR, with a conversion ratio of 1:24,000. Source: Wu Says

PANews, June 3 news, according to Sky's official Twitter, SKY stakers can now receive USDS rewards based on protocol performance while retaining governance voting rights. Previously, on May 19, SKY was officially recognized as the only governance token of Sky Protocol, and MKR holders must upgrade to SKY to continue participating in governance and the Decentralized Finance development process. The rewards mechanism will be dynamically adjusted according to market conditions and governance decisions.

PANews reported on May 27 that, according to The Block, Echo, founded by well-known crypto investor Cobie (Jordan Fish), officially launched the IC0 platform Sonar, and the first fundraising project was Plasma, a dedicated chain for stablecoins. Plasma will sell 10% of its total XPL token supply, or 1 billion tokens, through Sonar, with the goal of raising $50 million, corresponding to a fully diluted valuation of $500 million. Users need to deposit USDT, USDC or USDS into the Ethereum Plasma vault to participate, and the lock-up period is set to 40 days or 12 months depending on the region. The Plasma mainnet is expected to go live this summer, and XPL will be used for network consensus, EVM execution, and Bitcoin cross-chain bridge operation.

According to Coindesk, ChainCatcher reported that Steakhouse Financial's report indicates that Sky (formerly MakerDAO) lost $5 million in the first quarter of this year, primarily due to the doubling of Interest paid to Token holders. This was mainly to encourage users to use the new stablecoin Sky Dollar (USDS) to replace the original DAI. Interest expenses increased by 102%, in stark contrast to the $31 million profit from the previous quarter.

The DeFi protocol Sky (formerly MakerDAO) reported a net loss of 5 million USD in the first quarter, mainly due to a 102% surge in interest payments to stablecoin holders. The launch of the new stablecoin USDS resulted in a significant increase in interest expenses, as USDS did not create new demand but only attracted zero-interest DAI holders. Sky's "endgame plan" to launch USDS aims to create a more compliant stablecoin, and although the total supply has risen, the interest burden may be alleviated.

Sky (formerly MakerDAO) reported a loss of $5 million in the first quarter of this year, primarily due to a doubling in interest expenses paid to token holders. This stands in stark contrast to a profit of $31 million in the previous quarter. To promote the newly launched stablecoin Sky Dollar (USDS), Sky decided to replace the existing DAI by offering higher incentives.

According to the Gate.io News bot, CoinDesk reported that the DeFi savings protocol Sky experienced a loss of $5 million in the first quarter of 2025, contrasting sharply with a profit of $31 million in the previous quarter. Data shows that the interest expenditure of the newly launched stablecoin USDS by Sky increased by 102%, which is due to the measures taken by the protocol to attract investors to switch from DAI to USDS. The interest rate of USDS has been lowered from 12.5% at the beginning of the year to 4.5% in February. During this period, the total supply of USDS and DAI increased by 57%. Among them, the Ethena protocol contributed over $450 million in funds, which were used to stake USDS and distribute the earnings to holders of its stablecoin USDe.

Sky recorded a net loss of $5 million in the first quarter of 2025, primarily due to increased interest payment costs to Token holders. This is because Sky decided to incentivize the use of the new stablecoin USDS instead of the existing DAI, leading to a decline in profitability. Although a higher USDS yield was offered to attract users, it failed to bring about a corresponding rise in lending demand. (CoinDesk)

BlockBeats news, on May 14, according to Coindesk, a report written by contributors from Steakhouse Financial indicates that Sky (formerly MakerDAO) lost 5 million USD in the first quarter of this year, due to the doubling rise of interest paid to Token holders. This loss stands in stark contrast to the previous quarter, when Sky achieved a profit of 31 million USD. The primary reason for the 102% increase in interest expenses is that Sky decided to drive user adoption of its newly launched stablecoin Sky Dollar (USDS) through higher incentives, replacing the existing.

PANews, May 7 news, Gnosis Chain announced on platform X that third-party applications need to take action as the xDAI bridge contract is undergoing a critical upgrade: on Ethereum, DAI will be replaced by USDS as the default accepted token, while xDAI will continue to be minted on Gnosis Chain. Third-party applications must integrate with the new bridge router on Ethereum by June 8, 2025.

PANews May 1 news, according to Onchain Lens monitoring, a Whale deposited 4,815 ETH (worth 8.86 million USD) into Spark, and then lent out 4.5 million DAI, subsequently exchanging these DAI for USDS and depositing them into Aave V3. The wallet received ETH from multiple wallets, and the ETH originally received by these wallets came from Tornado.

Gate.io News bot message, a Whale account deposited 4,815 ETH (valued at 8.86 million USD) into the Spark lending platform and borrowed 4.5 million DAI. The account then converted these DAI to USDS and deposited them into the Aave V3 platform. Blockchain data shows that the wallet previously received ETH from multiple wallets that had previously interacted with Tornado Cash.

According to the Gate.io News bot, TheBlock reports that the Sky core governance team Atlas Axis has submitted a new proposal to the community, planning to completely upgrade the governance token of the Sky ecosystem from MKR to SKY. Sky is renamed from Maker in 2024 through the "Endgame" strategy, having previously launched USDS and SKY tokens to replace DAI and MKR respectively. According to the proposal, MKR holders can convert their tokens to SKY at a ratio of 1:24000. Starting from September 18, a 1% fee will be charged for the conversion, which will increase by 1% every three months. Once the proposal is approved, all governance rights will be transferred to the SKY Token. The conversion process is expected to be completed between May 15 and May 19, with the specific timing determined by on-chain voting. Currently, the supply of USDS has exceeded $7.5 billion.

Sky (formerly MakerDAO) has proposed a protocol upgrade plan to transition from MKR to SKY, which will make SKY the sole governance token, support staking, and unlock USDS rewards. The co-founder praised it as a "huge milestone." Although USDS and SKY serve as upgrade tokens, DAI and MKR remain in circulation, allowing users to choose a gradual transition.

PANews April 28 news, according to Cointelegraph, the market capitalization of stablecoins rose by $4.58 billion in just one week, approaching the milestone of $240 billion. Tether, USDC, and new competitors such as USDS and RLUSD continue to drive market growth.

According to BlockBeats news on April 25, monitored by Onchain Lens, a Whale spent 1.5 million USDS to purchase 995 MKR at a price of $1,508, entering MKR nearly 2 months later. Previously, this Whale lost $138,000 in MKR trading.

The tokenized US bond products of BlackRock-Securitize, Superstate, and Centrifuge will receive funding from the $1 billion investment program of Sky (formerly MakerDAO). The expected allocations are $500 million for BlackRock-Securitize's BUIDL, $300 million for Superstate's USTB, and $200 million for Centrifuge's JTRSY. These tokens can be used to support Sky's USDS stablecoin and sUSDS collateral.

The main situation of the stablecoin market in February is: USDS market value increased by 64%, PYUSD increased by 49%, USDT market value reached about $143 billion (only $2.5 billion was added in February), and USDC increased by 7%. However, USDe and DAI have seen a decline in market capitalization.

BlockBeats news, on March 7th, according to Yu Jin monitoring, possibly due to the market not meeting expectations after Trump signed the BTC reserve executive order, a Whale sold 7,358 ETH at a price of $2,154 in the past hour, exchanging it for 15.848 million USDS (Spark protocol stablecoin): not only closed all positions for its own 5,372 ETH, but also borrowed 1,986 ETH for short selling.

Golden Finance reported that, according to Onchain Lens monitoring, two wallets suspected to belong to the same entity have spent 20,149,945 USDS to purchase 9,147 Ethereum, with an average purchase price of 2,203 US dollars.

BlockBeats news, on March 6th, two addresses that may belong to the same entity collectively spent 20.149 million USDS to purchase 9,147 ETH at an average price of $2,203 per ETH.