Sky (formerly MakerDAO) has proposed a protocol upgrade plan to transition from MKR to SKY, which will make SKY the sole governance token, support staking, and unlock USDS rewards. The co-founder praised it as a "huge milestone." Although USDS and SKY serve as upgrade tokens, DAI and MKR remain in circulation, allowing users to choose a gradual transition.

The increase in capital gains tax rates and securities transaction taxes in the Indian budget for 2024-2025 has a short-term negative impact, and capital expenditures are lower than market expectations, but the target of the fiscal deficit has been reduced to 4.9%, indicating the road to fiscal consolidation. The budget also focuses on supporting rural welfare and the economy, and the initial market reaction is expected to be temporary.