Sky Protocol, rebranded from MakerDAO, bought back 34.1M SKY tokens in 7 days, worth 1.9M USDS. Since February 2025, over $92M used for buybacks, 5.55% of SKY supply.
S&P Global Ratings assigned a B- credit rating to Sky Protocol, the first for a DeFi protocol. USDS's dollar pegging ability rated at level 4 (limited).
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.