Ankr partners with Pocket Network to advance decentralized Web3 infrastructure
On May 26th, blockchain nodes provider Ankr and Web3 data ecosystem Pocket Network announced that their technical collaboration kicks off.
With this integration, Pocket Network becomes one of the nodes providers for Ankr. In addition, web developers, crypto entrepreneurs, and decentralized applications teams will be able to deploy their software to a more optimized and powerful technical basis.
142.6 billion SHIB purchased by investor
As per a recent tweet by WhaleStats, an Ethereum investor whose wallet is titled “BlueWhale0073” has again bought a massive amount of SHIB—142,670,797,289 tokens. The amount of USD paid for that chunk of meme crypto was $1,539,417.
Paraguay approves legal framework to regulate crypto mining and trading
On Wednesday, Paraguay’s Chamber of Deputies (second chamber of Congress) approved a bill regulating crypto mining and trading with a 40-12 vote.
The bill aims to make Paraguay an international hub for miners. Additionally, the country’s low electricity costs could favor this move as Paraguay has about five cents per kilowatt-hour, the lowest electricity rate in Latin America.
Tether launches new stablecoin pegged to Mexican peso
Tether has launched a new stablecoin pegged 1:1 to the Mexican peso. Dubbed MXNT, the stablecoin will initially be available on the Ethereum, Tron and Polygon blockchains.
This is Tether’s fourth fiat-pegged stablecoin, after US dollar-pegged USDT, Euro-pegged EURT and the offshore Chinese Yuan-pegged CNHT. According to Paolo Ardoino, CTO of Tether, introducing a Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico.
STEPN to bar gameplay in China, sending ‘Move-to-Earn’ token GMT spiraling
Solana-based “move-to-earn” game STEPN will effectively bar gameplay in China in mid-July, the company announced Thursday, sending its GMT token spiraling as the markets digested the news.
STEPN said it will stop providing GPS services to users whose IP address or GPS location shows them in China on July 15. Without GPS services, players who own its membership-like shoe NFT will not be able to earn tokens for their steps.
Terra governance system passes plan to burn 1.3 billion UST tokens
The Terra governance system has voted to approve a proposal to burn all TerraUSD (UST) tokens held in the project’s community pool and UST deployed for past liquidity incentives on Ethereum.
This amounts to more than 1.3 billion UST, or roughly 11% of the existing 11.2 billion UST supply, according to CoinGecko. The proposal received 99.3% of the total cast votes in favor of it. Following the vote, Terraform Labs, Terra’s core development firm, will proceed to execute the burn.
SHIB adds over 30,000 new holders in a month despite sluggish performance
In spite of the cryptocurrency market’s current gloomy trend, interest in SHIBA INU (SHIB) seems to be increasing, with the asset even acquiring new investors.
Data acquired and calculated by Finbold shows that there were 1,139,421 holders of the token on April 27 compared with 1,169,989 on May 26, representing a total increase across this time frame of 30,568.
Injective is integrating Wormhole to enhance cross-chain accessibility
Decentralized finance (DeFi) protocol Injective (INJ) has partnered with Wormhole to integrate 10 new blockchains to its network.
Injective Labs, the protocol’s developers, noted in a May 25 announcement that the partnership will enable users to transfer and trade assets across any chain that is integrated with Wormhole.
Top 10 Daily Losers
GMT, the governance token of the STEPN ecosystem, is currently suffering the biggest correction, dropping 39.52% to the price of 20,267 VNDC.
This asset has dropped by 73.65% after just one month. Following behind are TINC (down 37.85%), ANC (down 37.73%), FRR (down 37.57%),…
Stripe, OpenNode team up to allow instant fiat-to-Bitcoin conversions for businesses
Fintech firm Stripe along with Bitcoin (BTC) payments infrastructure platform OpenNode are joining forces to allow Stripe’s merchant customers to instantly convert all or portions of incoming payments to bitcoin via the OpenNode app.
The new app will debut alongside the Stripe App Marketplace in a few weeks, OpenNode said.