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.
SHIB army removes 405 million SHIBA INU over last 24h
Shibburn crypto tracking service that picks up data from etherscan has reported that in the past 24 hours, several enterprises and individual burners have sent a total of 405,282,493 meme tokens of the circulating supply to a few “inferno” wallets.
Data also shows that a whopping 25 billion SHIB have been burned by the newly launched burn.shibaswap portal within just two weeks since it began operating.
Hightlights of the week
$CRV integrates with $AURORA
$IOST partners with Label Foundation
$ANC applies a flexible APY mechanism
$THETA helps Sony launch 3D NFTs
$DOT lets users send tokens across parachains
Dubai’s crypto regulator to launch metaverse headquarters in $SAND
$ALGO becomes FIFA’s new blockchain partner for the 2022 World Cup
Cardano faces massive 186% increase in retail interest
According to on-chain data provided by Glassnode, the number of balances holding the asset for 30 days or fewer spiked by 186%. Data suggest that short-term traders are holding 36% of the cryptocurrency supply.
Trading volumes spike above 317% as SHIBA INU whales increase activity
WhaleStats’ analysis of the top 100 SHIBA INU holders reports that the 24-hour trading volume for this category of addresses has risen above 317%. Active addresses among this category of holders have increased by 40%.
Also, per IntoTheBlock data, SHIBA INU whales seem to be more active over the last 24 hours as the number of large transactions (transactions that exceed $100,000) rose by 24%.
Amid crypto hype, Google’s cloud unit creates Web3 team
Google’s cloud unit announced on Friday the formation of an internal team that will build services for blockchain developers and those running blockchain-based applications.
Vice president at Google Cloud, Amit Zavery, reportedly told his team in an email on Friday of the aim to make the Google Cloud platform the first choice for developers in Web3. Google Cloud is the company’s suite of cloud computing services, on which all Google-related projects run.
Whale grabs 215,000 APE as it becomes most-traded Token
A wallet titled “Bonobo” has acquired a total of 214,996 APE—the equivalent of $3,212,043. The transaction took place roughly 21 hours ago.
According to WhaleStats, APE is the most-traded ETH-based digital currency for whales on the second-largest blockchain, Ethereum. The total amount of APE held by ETH investors constitutes 2,545,824 worth $34,966,709, which is 0.52%.
Top 5 Trending Assets
Leading the Top Trending is RUN – the token of the first application to apply the combination model of Move to Earn, Social, and Metaverse. In just 24 hours, RUN attracted nearly 97,533 views, demonstrating the heat that has not subsided for this Play-to-earn game.
BTC came in second with nearly 50,000 views, followed by PLY, STRM and FRR – assets that are frequently discussed in ONUS communities.