ChainCatcher news, according to Caixin, JPMorgan stated that the election results have reduced the risk of intense debates surrounding the U.S. debt ceiling in the first half of 2025 and alleviated uncertainties regarding the evolution of the Treasury General Account (TGA). The debt ceiling has been suspended until January 1, 2025, after which the Treasury will begin to utilize extraordinary measures and its cash balance to meet its debt obligations.JPMorgan believes that assuming the Treasury's TGA forecast for the fourth quarter of 2024 is $700 billion, and with a slight increase in extraordinary measures, the Treasury is unlikely to exhaust its resources and face the risk of a technical default before July 2025.

ChainCatcher news, Phoenix Labs CEO and MakerDAO lending application SparkLend founder Sam MacPherson posted on X that the debt ceiling for the weETH isolation mode has been increased to 200 million USD.

ChainCatcher news, the tokenized real-world asset (RWA) platform Untangled Finance, supported by Fasanara Capital, launched the first private credit pool on the Celo (CELO) network with French fintech lending institution Karmen on Thursday. The fund pool is structured under Luxembourg securitization regulations, with an initial debt ceiling of $6 million, allowing qualified investors to deposit USDC stablecoins.

ChainCatcher news, according to the governance page, the MakerDAO community voted to approve the proposal to "increase the Spark MetaMorpho Vault DDM debt ceiling to 1 billion DAI."It is reported that the proposal states that the delay for pausing the Governance Security Module (GSM) in the Maker protocol will be increased to 30 hours; the maximum debt ceiling for the Spark MetaMorpho Vault DDM will be raised to 1 billion DAI, among other actions.

ChainCatcher news, according to the governance page, the MakerDAO community voted to approve the proposal to "increase the SparkLend D3M debt ceiling to 1.2 billion DAI," which can be executed after 8:55 AM Beijing time on January 14, 2024.

ChainCatcher message, the LSD stablecoin protocol Prisma Finance announced on social media that Prisma Improvement Proposal 001 has been approved, and the debt ceiling of Lido Finance's wstETH will increase from 100 million mkUSD to 200 million mkUSD around 7 AM Beijing time on November 5th.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance announced on its official Twitter that it has launched its first proposal PIP 001, which aims to increase the debt ceiling of the wstETH treasury from the current 100 million mkUSD to 200 million mkUSD, allowing more users to participate in minting mkUSD. The voting for this proposal is currently open and is expected to end on November 4, 2023.

ChainCatcher news, MakerDAO will increase the Spark Protocol debt ceiling from 200 million DAI to 400 million DAI at 22:15 Beijing time tomorrow, with the additional 200 million DAI being directly injected by MakerDAO.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance's wstETH, rETH, cbETH, and sfrxETH treasury has reached a total debt of $30 million hard cap after increasing the debt ceiling, with a total collateral value of $55.87 million.ChainCatcher previously reported that the LSD stablecoin protocol Prisma Finance announced on social media that the new debt ceiling has been enabled, raising the debt ceiling for wstETH, rETH, and sfrxETH from 6 million mkUSD to 9 million mkUSD, and increasing the cbETH debt ceiling from 2 million mkUSD to 3 million mkUSD.

ChainCatcher news, MakerDAO has initiated a new executive proposal, suggesting changes to the stability fees and adjustments to the maximum debt ceiling.The adjustments to the stability fees include: the stability fee for ETH-A increasing from 3.58% to 3.70%; the stability fee for ETH-B increasing from 4.08% to 4.20%; the stability fee for ETH-C increasing from 3.33% to 3.45%.The proposed maximum debt ceiling: will be raised from 0 DAI to 120 million DAI; the target available debt will increase from 0 DAI to 50 million DAI; the cooling-off period for the ceiling increase will be set at 24 hours. The maximum debt ceiling for Spark Protocol D3M (DIRECT-SPARK-DAI) will be raised from 200 million DAI to 400 million DAI; the cooling-off period for the Spark Protocol D3M ceiling increase will be extended from 8 hours to 12 hours. The debt ceiling for the Fortunafi treasury will be reduced from 15 million DAI to 0 DAI, among other details.

ChainCatcher message, the LSD stablecoin protocol Prisma Finance reached its debt ceiling for wstETH and sfrxETH just hours after launching on the Ethereum mainnet. Users can still mint mkUSD using rETH and cbETH as collateral.Currently, the total value of collateral in Prisma Finance has exceeded 30 million dollars, with total debt at 16.4 million dollars, leaving only 360 mkUSD available for minting.

ChainCatcher message, the Curve community initiated an on-chain vote to "deploy a WBTC market with a debt ceiling of 200 million crvUSD," which will end on June 25 at 15:45:23. Currently, the voting support rate is 100%. (source link)

ChainCatcher news, Curve initiated community vote number 416, proposing to deploy a debt ceiling of 150 million crvUSD for the wstETH market, and raising the limit for PegKeepers to 25 million crvUSD each. (Source link)

ChainCatcher news, according to Jin10, U.S. Congressman Warren Davidson from Ohio stated that the Biden administration's proposal to impose a 30% tax on Bitcoin mining has been shelved in the debt ceiling agreement on Sunday. The White House hopes this tax could address the environmental costs of Bitcoin mining, although it may find another way to introduce the measure in upcoming legislation. The White House has previously made its position clear that mining comes with environmental and social costs. (source link)

ChainCatcher news, according to Bloomberg, the U.S. debt ceiling agreement will raise the debt ceiling for two years while cutting and limiting certain government spending over the next two years.In addition, the debt ceiling will keep non-defense spending nearly flat over the two years, and there is no budget cap in the agreement beyond 2025. (Source link)

ChainCatcher news, according to Jin10 citing sources, U.S. President Biden and House Speaker McCarthy are close to reaching an agreement on the U.S. debt ceiling, with a difference of only $70 billion in discretionary spending. The source and another person familiar with the negotiations stated that the final agreement is likely to be a streamlined deal containing several key figures, rather than a lengthy document spanning hundreds of pages that would require lawmakers days to draft, read, and vote on. (source link)

ChainCatcher news, according to Jin10, U.S. Republican debt negotiation representatives stated that the White House is being unreasonable, and the debt ceiling negotiations have been suspended. (Source link)

ChainCatcher message, the MakerDAO community decided through a public vote with a support rate of 50.85% to maintain the debt ceiling of the peg stability module (PSM) for the US dollar stablecoin GUSD issued by Gemini at 500 million DAI, while the remaining 49.15% voted in favor of reducing it to 0. (source link)

ChainCatcher news, MakerDAO announced that in response to the current market conditions, Maker Governance has made changes to several Vault parameters.The maximum debt ceiling for MATIC-A is reduced to 10 million DAI. The maximum debt ceiling for LINK-A is reduced to 5 million DAI. The maximum debt ceiling for YFI-A is reduced to 5 million DAI. The maximum debt ceiling for RENBTC-A is reduced to 0. The maximum debt ceiling for MANA-A is reduced to 3 million DAI. The stability fee for MANA-A is increased to 50%. The liquidation penalty fee for MANA-A is increased to 30%. (source link)