330,000 ETH moves to exchange wallets
According to Santiment data, Ethereum has seen a significant inflow into exchanges in recent weeks. 330,000 ETH valued at nearly $825 million have been moved into crypto exchange wallets in the last two weeks.
An increase of inflows to exchanges might suggest increased selling pressure resulting from decreased demand. As the asset is being put up for sale, this leads to its availability on exchanges and a consequent drop in price.
Over 20 investment funds hold DASH, and 40 more plan to add it
Cointelegraph Research conducted a first-of-its-kind survey querying over 2,000 global crypto funds and certificates to gain an insight into their investment allocations during 2021.
The 200 funds that participated in the survey manage an estimated total of $1.2 billion in cryptocurrency and blockchain investments. The survey revealed that 20 funds already have Dash exposure in their investment portfolio and an additional 40 funds indicated their intention to invest in Dash within the next 12 months.
New Frontier is using Enjin NFTs to transform the tourism industry
New Frontier is leveraging the Enjin (ENJ) ecosystem to transform the multi-billion dollar tourism industry, partnering with official tourism bodies in the UK, Mexico, Spain, and New Zeleand on non-fungible tokens (NFTs) initiatives.
NFTs will be used to enhance and complement the physical visitor experience, creating an interactive digital layer that excites and engages visitors before and after their visit. These NFTs can provide real utility for visitors, including loyalty & rewards programs, games, treasure hunts, registration and booking incentives, storytelling, event access, and more.
Near Foundation establishes blockchain hub in Kenya
Near Foundation – the Swiss non-profit that oversees the development of NEAR Protocol – reportedly teamed up with the Kenyan blockchain community Sankore to launch a regional hub in the African country.
The unit will focus on crypto innovations, education, and talent development throughout the continent.
Uniswap says it beats larger rivals Binance, Coinbase
Uniswap, the biggest decentralized crypto exchange, says that it can provide more liquidity than its larger, centralized rivals Coinbase and Binance, because of the incentives it gives its liquidity providers to deliver better pricing to traders.
On the popular trading pair Ethereum (ETH) against US dollars (USD), Uniswap had 2 times more liquidity than both Binance and Coinbase, the study said. For Ethereum against Bitcoin (BTC), Uniswap’s liquidity was 3 times deeper than Binance and an impressive 4.5 times deeper than Coinbase.
ICOs are coming back following sweeping crypto reforms in South Korea
South Korea’s Presidential Transition Committee is proposing a crypto framework designed to foster the growth of the digital asset industry.
The Digital Asset Framework Act aims to create an environment that encourages responsible growth based on investor trust. It will implement investor protection measures and improve “transaction stability,” which refers to activities related to issuing tokens, including NFTs and exchange listings.
Avalanche is diving into the metaverse
Avalanche earned a stop in the list of top blockchain networks that achieved robust growth in the last two years. Its latest announcement about its venture into the multiverse highlights its plan to maintain its robust growth trajectory.
The blockchain network recently announced an incentive program through which it will spend as much as $290 million to develop the Avalanche Multiverse.
Top 10 Daily Losers
The cryptocurrency market is currently going through a price correction. LUNA, the token of the Terra ecosystem, witnessed the most significant correction with a drop of 46.3%. LUNA is currently trading at 801,504 VNDC with a trading volume of $2.18 billion.
Other assets that saw a drop in value include ANC (down 45.17%), SIN (down 40.81%), XCUR (down 31.45%),…
The number of active Cardano addresses decreased significantly
According to DefiLIama, the total value of funds locked in various decentralized platforms and smart contracts on Cardano has decreased drastically from more than $300 million at the end of March to less than $200 million at press time.
Per Messari data, the number of active Cardano addresses has decreased from almost 450,000 in November to only 100,000 today. Back in March, the number of active users on the Cardano network reached 200,000.
Whale accumulated 13,000 BTC
According to Whale Alert, in the last 2 hours, 13,186 BTC was transferred from an unknown wallet to an unknown wallet. This amount of Bitcoin is worth $440,554,654.