Gate News message. On April 12, according to on-chain data monitoring, Sky (formerly MakerDAO) co-founder Rune’s 7x leveraged Nasdaq 100 short positions have all been closed. He currently still holds 20x leveraged WTI crude oil futures long positions, 7x leveraged Brent crude oil long positions, and 20x leveraged S&P 500 short positions, and all of them are in a loss position. His overall position value has now fallen to about $680k, with an unrealized loss of about $60k, and the return on investment is -21.78%.

On April 8, Hyperbot data showed that as the price of Brent crude oil fell below $90 per barrel, multiple leveraged trading positions held by Rune, the founder of Sky (formerly MakerDAO), suffered losses across the board; their total value dropped to approximately $3.952 million, with an unrealized loss of more than $610,000.

Sky Governance submitted two upgrade proposals on April 7, aiming to strengthen the protocol’s capital protection by implementing a stronger solvency-capability buffer and a sustainable staking rewards model, improving long-term stability and focusing on credibility rather than short-term returns.

Gate News message: On April 7, the credit protocol Grove announced that its TVL has risen to $3.0 billion. Previously, in June 2025, Grove received a $1.0 billion grant from Sky to advance its RWA (real-world assets) business.

Sky Links Capital CEO Daniel Takieddine said that, as expectations for Federal Reserve rate cuts weaken, the upside potential for gold is limited. The price of gold is influenced by strong U.S. labor data and geopolitical risk. He noted that gold’s near-term performance will depend on U.S. economic data and policy signals.

Despite weakness in the crypto market, the stablecoin market continues to grow. Over the past week, total market capitalization rose by 0.43%, reaching $317.26B, a new all-time high. The market share of USDT fell to 58.03%, while the circulating market cap of USDS under Sky increased by 9.57%, becoming the third-largest stablecoin.

Gate News message: March 31, according to on-chain analyst Ai Yi monitoring, SKY today listed a certain CEX won trading pair. After SKY briefly touched $0.087 on another CEX, it pulled back, with a gain of 16%. An address (0x6c2...f3f14), after the listing announcement was published, withdrew 31.45 million SKY from the Sky staking contract and deposited them into a certain CEX, worth $2.46 million. The deposit price was $0.078, and the current price is $0.072.

Gate News report: On March 26, according to on-chain analyst Remnant's monitoring, Sky Treasury company SDEV currently holds approximately 2.135 billion SKY tokens across 7 on-chain wallets, with a market value of approximately $156 million. This includes staking rewards of approximately 31.6 million tokens (approximately $2.31 million), with an average purchase cost of approximately $0.065 per token. On March 25, SDEV withdrew 184 million SKY tokens (approximately $14 million) from a certain CEX to the chain.

Cryptocurrency incubator Obex announces deployment of $1 billion to connect Sky ecosystem's USDS stablecoin with real-world assets, focusing on investments in credit, energy, and AI assets to enhance USDS holder yields and drive the Sky ecosystem beyond pure crypto returns. Sky is the world's third-largest stablecoin issuer and plans to increase USDS supply to $20 billion.

Cryptocurrency incubator Obex announces it will deploy $1 billion in funding to connect Sky ecosystem's USDS stablecoin with real-world asset yields, with a focus on investing in credit, energy, and AI sectors, aiming to provide sustainable returns for USDS holders. Sky is the world's third-largest stablecoin issuer, with USDS currently at approximately $10 billion in scale, planning to grow to over $20 billion in the future.