Maker

Get Maker (MKR) all time high price, historical charts, latest news and other information.


MKR trades below 50 and 200 EMA on the daily timeframe. 
Price breaks out of a falling wedge with eyes set on key resistance of $800.
The price looks strong on low and high timeframes.

Maker DAO (MKR) price has had a rough time recently as price beaks out of falling wedge on the daily timeframe against tether (USDT). Despite being a major player in the crypto industry, the price of Maker DAO (MKR) has struggled to replicate its run to a high of $8,000. (Data from Binance)

Maker DAO (MKR) Price Analysis On The Weekly Chart 
The price of MKR has had a fantastic run, with such movement from a low of $750 to a high of $8,000 in a matter of weeks, creating a sense of surrealism in the hearts of traders and major crypto players.
Despite such a run, the bear market has had an impact on MKR’s price, which has fallen from $8,000 to $600, a drop of more than 70% from its all-time high.
The price of MKR rallied from its weekly low of $600 to a high of $1,100 before failing to break above that region to higher heights and falling to a low of $650.
MKR’s price must break and close above $1,100 in order to have a better chance of trading higher. The price of MKR has formed a downtrend line, which is acting as resistance; flipping the area of $1,100, which is acting as weekly resistance, into support will signal a more relief bounce for the price of MKR.
If the price of MKR fails to break through this key resistance region, the price of MKR may retest the $600 support and demand zone for more buy orders.
Weekly resistance for the price of MKR – $1,100
Weekly support for the price of MKR – $650.
Price Analysis Of MKR On The Daily (1D) Chart
Daily MKR Price Chart | Source: MKRUSDT On Tradingview.com
The daily timeframe for MKR prices looks promising, as prices broke out of a falling wedge, indicating a shift from a downtrend to an uptrend. With this volume from MKR prices, we could see them retest their daily resistance of $800.
On the 1D timeframe, MKR is currently trading at $681, below the 50 and 200 Exponential Moving Averages (EMA), which act as resistance. The resistance levels of the 50 and 200 EMAs are represented by the prices of $790 and $1,200, respectively.
The price of MKR needs to flip the $1,000 resistance into support to signal a relief bounce as the price of MKR has kept trading at its daily low.
The Relative Strength Index (RSI) for MKR is above 40 on the daily chart, indicating low buy order volume. 
Daily resistance for the MKR price – $800.
Daily support for the MKR price – $600.

Featured Image From Market Periodical, Charts From Tradingview 


MKR trades below 50 and 200 EMA on the daily timeframe.  Price breaks out of a falling wedge with eyes set on key resistance of $800. The price looks strong on low and high timeframes. Maker DAO (MKR) price has had a rough time recently as price beaks out of falling wedge on the daily timeframe a...

newsbtc.com

Maker DAO Shows Bullish Sentiment After A While, Eyes $800?

UK-based crypto market maker Wintermute suffered a loss of approximately $160 million.
In a series of tweets, the company’s founder and chief executive, Evgeny Gaevoy, revealed that the decentralized finance operations had been compromised. The centralized finance and over-the-counter verticals have not been affected.

Blockchain security expert Certik recorded that $162,509,665 had been stolen over 13 transactions and speculated that the exploit could have resulted from a brute force attack on the Profanity wallet.
The attacker took advantage of a leaked private key which they were able to utilize to set their malicious contract as the swap contract.
Notably, the private key compromise stemmed from a vulnerability in the Profanity wallet reported last week by 1inch in a security disclosure report.
After it was detected by the decentralized exchange aggregator, a hacker stole over $3 million worth of cryptocurrencies from several Ethereum addresses generated with the Profanity tool.
Despite the hack, Gaevoy has assured that Wintermute, whose backers include Lightspeed Venture Partners, Pantera Capital, as well as Fidelity’s Avon, has “twice over that amount in equity left.”

“If you have a MM agreement with Wintermute, your funds are safe. There will be a disruption in our services today and potentially for the next few days and will get back to normal after. Out of 90 assets that have been hacked only two have been for notional over $1 million (and none more than $2.5M), so there shouldn’t be a major selloff of any sort. We will communicate with both affected teams asap.”

Blockchain expert ZachXBT has managed to locate the hacker’s wallet, which held $13 million in Wrapped Bitcoin (WBTC), over $9 million worth of ETH, and $38 million in addition to other ERC-20 tokens as of Tuesday.
Additionally, a significant chunk of the stolen funds – $114 million in USDC and USDT stablecoins – have been transferred to Curve Finance’s flagship 3Crv liquidity pool.
Wintermute nor Gaevoy has revealed any further details of the hack. Whether law enforcement has been alerted is also not known.

The post Crypto Market Maker Wintermute Hackers Drain $160M, Profanity Bug Suspected appeared first on CryptoPotato.

Wintermute is treating the hack as a "white hat" event and urged the attacker to get in touch.

cryptopotato.com

Crypto Market Maker Wintermute Hackers Drain $160M, Profanity Bug Suspected


A court has ordered crypto market maker Alameda Research to return $200 million worth of cryptocurrencies it borrowed from Voyager Digital.



Voyager had requested that Alameda repay the loan, which has now been granted by a New York bankruptcy court, according to the legal filing. It revealed that Alameda has been compelled to pay roughly 6,553 Bitcoin toward principal and accrued fees, along with about 51,000 Ethereum, by Sept. 30. 



Accordingly, the filing showed that Voyager would reciprocate by returning the collateral tied to the loan, which includes 4.65 million FTT and 63.75 million SRM tokens. 



Earlier in July, Alameda had said that it would be “happy to return the Voyager loan” in return for its collateral.



Alameda and FTX



Alameda was founded by crypto billionaire Sam Bankman-Fried, who also established and operates cryptocurrency exchange FTX. 



Amid Voyager’s bankruptcy proceedings over the summer, the Bankman-Fried enterprises put forward an offer to purchase its assets at market value, except for loans it had made to Three Arrows Capital. 



Despite being in the throes of insolvency, Voyager rejected the proposal, calling it a “low-ball” offer. Meanwhile, an auction for the residual holdings of Voyager began on Sept. 13. 



Last month, FTX absorbed the venture capital operations of Alameda into its own venture capital fund. The head of the fund said that the crypto exchange, the venture arm and Alameda were all operating independently of each other. 



While Bankman-Fried has also emphasized the independence of the world’s second-largest crypto exchange and the burgeoning market maker, the growing prominence each is having in their respective market roles is raising questions over conflicts of interest.



Larry Tabb, head of market-structure research at Bloomberg Intelligence, believes that exchanges and market makers with close ties and financial interests are “not conducive to being a fair marketplace.” According to Tabb, “when you consolidate and decompress divisions, you get inherent conflicts.”




Alameda's bitcoin-denominated loans from Voyager coincide with every major dump in the last few months.(h/t @hellspawncrypto @arronschaar for the pictures) pic.twitter.com/2fc7w3cVnE— FatMan (@FatManTerra) September 20, 2022




And Twitter user @FatmanTerra went further, suggesting Alameda’s Bitcoin-denominated loans from Voyager coincided with every major market dump in the past few months.
The post New York Bankruptcy Court Orders Alameda to Repay $200M Voyager Loan appeared first on BeInCrypto.


Crypto market maker Alameda Research is returning $200 million worth of cryptocurrencies it borrowed from Voyager Digital.
The post New York Bankruptcy Court Orders Alameda to Repay $200M Voyager Loan appeared first on BeInCrypto.


beincrypto.com

New York Bankruptcy Court Orders Alameda to Repay $200M Voyager Loan

The CEO of Wintermute has stated that they are "open" to treating the hack as a white hat hack and would speak to the attacker.

cointelegraph.com

$160 million stolen from crypto market maker Wintermute 


Digital asset algorithmic market maker Wintermute has been exploited for approximately $160 million in its DeFi operations. CeFi and OTC Operations are said to be unaffected.




We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected— wishful cynic (@EvgenyGaevoy) September 20, 2022




This is a developing story…
The post Crypto Market Maker Wintermute Suffers $160 Million Hack appeared first on BeInCrypto.


Leading digital asset algorithmic market maker Wintermute has been exploited for approximately $160 million in its DeFi operations. 
The post Crypto Market Maker Wintermute Suffers $160 Million Hack appeared first on BeInCrypto.


Maker price	$701.20
Low - High 24H	$679.93 - $714.39
Market cap	$632.35M
Volume 24H	$31.32M
All time high	$6,292.31 -88.83% May 3rd 2021
All time low	$168.36 317.50% March 16th 2020
Genesis date	N/A

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