It’s been a chaotic week in the crypto world, with Ethereum crashing and Maker failing.
The Ethereum network has been experiencing some technical issues lately, with reports of miners suffering from outages and block times slowing down to a crawl. This has caused the price of Ethereum to crash more than 20% in the past week alone, leading many to speculate on the future of the network.
Meanwhile, Maker – the decentralized finance platform – has been hit with a major bug in its system that has caused users to be unable to access their funds. This has caused the price of Maker’s governance token, MKR, to plummet by nearly 40%. This has caused a lot of uncertainty in the DeFi space, and many investors have been left wondering what will happen next.
It’s been a tough week for Ethereum and Maker, but the hope is that things will stabilize soon and the community will be able to move forward.
