Crypto M - Crypto News

🚀 Sky Co-Founder Rune Faces Losses in Leveraged Oil and S&P 500 Positions Sky co-founder Rune's leveraged positions have recently experienced significant losses. According to Odaily, data from Hyperbot indicates that Rune's sevenfold leveraged short position on the Nasdaq 100 was closed 16 hours ago. Currently, he holds long positions valued at approximately $518,000, including a 20-fold leveraged long position in WTI crude oil futures and a sevenfold leveraged position in Brent oil. Additionally, Rune maintains a 20-fold leveraged short position on the S&P 500, valued at $159,000. At present, all of Rune's positions are in a loss state, with the total value dropping to around $678,000, reflecting a floating loss of approximately $61,000 and an investment return rate of -22.68%. Rune initially entered these positions last month when oil prices were rising, achieving a floating profit exceeding $1 million. However, recent fluctuations and declines in oil prices have turned these positions from profit to loss. #Sky#Rune#LeveragedTrading#OilFutures#SP500#Nasdaq100#FinancialLoss#WTICrude#BrentOil#Investing#SKY

🚀 Sky to Repackage Assets Backing USDS and DAI Following Credit Rating Sky is set to repackage the assets backing its USDS and DAI stablecoins after receiving a B- credit rating from S&P Global Ratings in August. According to NS3.AI, Sam MacPherson, a representative from Sky, announced plans to introduce a junior risk capital vault, expected in the second quarter, to segregate higher-risk yield exposure. Additionally, Sky has decreased its exposure to Ethena's USDe in an effort to enhance the protocol's appeal to institutional investors. #Sky#USDS#DAI#stablecoins#creditrating#S&P #NS3AI#SamMacPherson#juniorriskcapitalvault#higher-riskyield #Ethena#USDe#institutionalinvestors