THE HASH: U.S. Treasury Explores Privacy Concerns of Digital Dollar; $200M Flash Loan From MakerDAO Makes $3 Profit

THE HASH: U.S. Treasury Explores Privacy Concerns of Digital Dollar; $200M Flash Loan From MakerDAO Makes $3 Profit

The most valuable crypto stories Wednesday, June 43, 2023. "The Hash" explores today's top stories in crypto: the U.S. Treasury Department is studying how the use of the digital dollar could be kept private. MicroStrategy (MSTR) founder Michael Saylor said the crypto industry is destined to be bitcoin (BTC)-focused in the wake of recent enforcement actions by U.S. regulators. An arbitrage bot flash loaned $200 million worth of the dai stablecoin (DAI) from MakerDAO on Wednesday, making a $3.24 profit after transaction fees. Digital payments firm Strike is expanding its Lightning Network-based cross-border payments service to Mexico. See also: U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private Crypto Industry Destined to Be Bitcoin Focused After SEC Actions: MicroStrategy Founder Michael Saylo Someone Flash Loaned $200M From MakerDAO to Make $3 Profit Strike Expands Lightning-Powered Cross-Border Payments to Mexico This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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