DOGE returns as top purchased coin by BNB whales
As reported by WhaleStats and its division that tracks the 100 largest wallets on BNB Chain (formerly known as Binance Smart Chain – BSC), Dogecoin has again been spotted on the list of top ten digital currencies that largest BNB whales are buying en masse.
Apart from DOGE, on that list there are USDC, BNB, BabyDoge, ETH and other cryptos. BNB whales are holding a $27,439,092 worth of DOGE, which is 1.94% of their comprised portfolio.
The Sandbox acquired the Uruguayan technology firm Cualit
One of the most popular blockchain-based online games – The Sandbox – acquired the Uruguayan development technology firm Cualit.
Both parties vowed to join forces and develop an infrastructure that could promote innovations in the Web3 and blockchain universe.
SWIFT network to begin exploring cross-border CBDC payments
International payments organization SWIFT has announced that it will conduct cross-border tests for central bank digital currencies (CBDCs).
The organization said that it would be conducting payments using CBDCs in an effort to “take the next step towards seamless cross-border payments involving digital currencies.” The effort will be carried out in collaboration with IT firm Capgemini.
OpenSea launches new NFT trading platform with significant improvements
Market leader NFT Marketplace OpenSea has announced the launch of a new NFT platform, making it easier for users to buy and sell NFTs more efficiently.
In an official announcement posted on May 20th, OpenSea said the new platform will be called Seaport, giving users more options to own NFTs.
Dogecoin profitability increases to 53%
According to IntoTheBlock data, the profitability of the largest meme cryptocurrency, Dogecoin (DOGE), has slightly increased to 53%, after dropping below 50% following price declines earlier in May.
Per IntoTheBlock’s holders’ composition by time held, Dogecoin “hodlers,” referring to addresses that have held Dogecoin for more than a year, is presently 62%. 33% of addresses have held the asset for a year, while 4% have held onto their assets for barely less than a month.
Highlights of the week
$MATIC releases Nightfall mainnet beta
$COTI announced new partnership with GeroWallet
OpenOcean announced the aggregation of $AURORA
Do Kwon says $LUNA could fork into two blockchains
$ETH main testnet set for proof-of-stake merge in early June
$AAVE’s decentralized social media platform arrives on $MATIC
$FTT launches 0% commission stock trading, opens stablecoin securities payment gateway
Dogecoin is now accepted by Swiss luxury watchmaker
TAG Heuer, a Swiss luxury watchmaker, has announced that it is now accepting cryptocurrencies, “Dogecoin inclusive,” as payment through a partnership with BitPay, according to a press release.
Bitcoin and Ethereum now accepted by Canadian Search and Rescue organization
The British Columbia Search and Rescue Association (BCSARA), a non-profit volunteer-based organization that provides support for the un-paid professional ground search and rescue community, has announced that it now accepts donations in Bitcoin and Ethereum, the two largest cryptocurrencies.
Crypto contributions will be accepted via CanadaHelps, the largest platform for donating and fundraising online in the country.
Anchor saw $1 billion of liquidations during UST and LUNA’s death spiral
According to The Block’s Data Dashboard, $1.048 billion worth of staked crypto collateral deposited by borrowers on Anchor was liquidated on the platform between May 7 and May 12. This is the largest liquidation event for a single protocol.
Terra (LUNA) accounted for over $750 million — or close to 75% of the liquidations — on Anchor during the period. Liquidations of Avalanche (AVAX) came in at $261 million, with the remainder spread across Ether (ETH), Solana (SOL), and Cosmos (ATOM).
Avalanche TVL hits 2022 low; sinks more than $6 billion
Avalanche total value locked (TVL) declined to new high lows in the third week of May due to the bearish trend of the market causing a decline in TVL on all blockchains.
According to BeInCrypto Research, Avalanche has shed 59% in total value locked since the beginning of the year. On Jan 1st, Avalanche had a TVL of around $11.7 billion, and this declined to approximately $4.77 billion on May 18th.