MakerDAO has increased the yield on its stablecoin DAI from 3% to 8%, making it one of the highest rates among major stablecoin issuers. Someone moved 14.32 million DAI into MakerDAO to take advantage of this 8% yield.

This potential price surge would be an incredible 14,200% to 71,400% increase from its current trading value.

The crypto market updates; Worldcoin is built on World ID, an identity network system protecting privacy with zero-knowledge proof. It aims to create the world’s largest identity and financial network.

XRP’s price has increased by 5.36% in the past 24 hours, reaching $0.76. Over the week, it has gained 59.0%, rising from $0.47. The trading volume has surged by 246.0%, while the circulating supply has decreased slightly

US consumer price index data has been released, showing that the monthly increase was slightly lower than expected at 0.2% instead of 0.3%. The annual increase was also slightly lower than expected, at 3% instead of 3.1%.