Introducing Auto Invest feature
Auto Invest is a feature that allows users to pre-set a plan to invest in a digital asset and the system will automatically execute. This feature helps users to accumulate digital assets regularly in the long-term, applicable to all digital assets on ONUS application.
Users please update the application to version 2.2.4 (147) (for iOS) or version 2.2.3 (Android) to experience the application.
Luna Foundation Guard lends $1.5 billion in BTC and UST for stablecoin peg
Luna Foundation Guard (LFG) will lend $1.5 billion in bitcoin (BTC) and TerraUSD (UST) to defend the peg of its algorithmic stablecoin to the U.S. dollar.
In a tweet thread, the Singapore-based LFG said it would loan $750 million worth of BTC to trading firms to help protect the peg and also loan $750 million in UST to accumulate Bitcoin to help normalize the market.
Solana and Moonbirds help NFT market reach $6.3B monthly trading volume
According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.3 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history.
Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase. Many new hyped NFT projects also contributed to the growing trading volume, especially Otherdeeds, which generated $760 million within 24 hours.
Spotify becomes the first music streaming service on Roblox
Spotify is officially launching a virtual presence on gaming platform Roblox. In doing so, the company says that it becomes the first music-streaming brand to have a presence on Roblox, with the launch marking its entrance into the metaverse sector.
Spotify’s presence on Roblox is called ‘Spotify Island‘. The company explains that, through this interactive world, it plans on “creating a place where fans can link up and create new sounds together, hang out in digital spaces, and gain access to exclusive virtual merch”.
BTC drop to the lowest since July 2021
On the morning of May 8th, Bitcoin price suddenly dropped to 34,544 USD. This is the lowest price of the digital currency since the end of July 2021. According to Bloomberg, the crypto market is being weighed down by tight monetary policies introduced by central banks to tackle inflation.
Edul Patel, CEO and co-founder of crypto investment platform Mudrex, says Bitcoin is breaking support and is likely to continue to decline. Bitcoin’s current support level is at $32,000.
STRM rises 22.83% after 24h
Although the entire crypto market went down due to Bitcoin, STRM, the native token of the StreamCoin ecosystem, still witnessed impressive growth over the past 24 hours.
STRM is currently leading the Top Gainers on ONUS with a growth rate of 22.83%. This asset is trading at $0.143112, with a trading volume of 5.78 million USD.
Solana comes to largest Terra DeFi protocol, Anchor
According to the official announcement shared by the Anchor Protocol (ANC) team, ANC will use bSOL, a synthetic asset derived from Solana’s core cryptocurrency SOL, as collateral to borrow TerraUSD (UST), Terra’s USD-pegged stablecoin.
The loan-to-value (LTV) ratio for the upcoming collateralization option will be set at 60%, according to Anchor Protocol’s team statement. As per the original text of the proposal shared on Anchor Protocol’s forum, bSOL tokens can be obtained by staking SOL on the Lido Finance liquid staking module, wrapping the rewards and sending them to Terra (LUNA) through Wormhole multi-chain bridge ecosystem.
Cardano set to onboard game-changing algorithmic stablecoins
Cardano and IOST have revealed that they will be taking a cue from Terra by launching algorithmic stablecoins backed by cryptocurrencies.
According to a blog post on Wednesday, Cardano’s algorithmic stablecoin offering Djed is now live on the testnet. Cardano’s Djed was first announced in September last year and is expected to be used to pay fees on the Cardano network.
Meta’s Instagram to support NFTs from Ethereum, Polygon, Solana, Flow
According to CoinDesk, the social media powerhouse owned by Meta is planning non-fungible token (NFT) integrations for Ethereum, Polygon, Solana and Flow.
Those networks host the vast majority of trading in digital collectibles, with Ethereum and its Bored Apes leading the way by market cap.
455 million WordPress websites can now accept Dogecoin
According to DogeDesigner, a UX/UI specialist and graphic designer at Dogecoin Foundation, millions of WordPress websites can now accept Dogecoin using the WooCommerce plugin “Easy Dogecoin Gateway” built by the Dogecoin developer.
The plugin allows WordPress websites to accept Dogecoin payments simply by using Dogecoin addresses, without the need for any third-party payment processors, banks or additional fees. The plugin also uses the Google API to generate QR codes and the CoinGecko API to convert fiat into Dogecoin’s current price.