Dogecoin skyrockets after Musk announces acquisition of Twitter for around $44 billion
Twitter has accepted centibillionaire Elon Musk’s offer to acquire the social media giant for roughly $44 billion, according to an official press release.
The price of meme cryptocurrency soared 20.89% to an intraday high of $0.1711 and returned to the CoinMaketCap top 10 cryptocurrencies by market capitalization shortly after the announcement.
PLATO rises 36.53% after 24h
PLATO, the utility token of the Plato Farm ecosystem, is currently leading the Top Gainers on ONUS. PLATO has gained 36.53% after 24h and is trading at $0.0286, with a trading volume of $1.69 million.
BNB Chain remains industry leader
According to the Nansen study, after peaking in Q4 2021, BNB Chain saw a massive decline in its on-chain activity in early 2022.
However, Namsen noted that BNB Chain has continued to maintain its position as the industry leader and the most active blockchain network on its list. The network’s total daily transaction volume is expected to be about 3-5 times that of Ethereum.
FTX became the most held cryptocurrency by Ethereum wallets
According to WhaleStats, FTX Token (FTT) has surpassed SHIBA INU (SHIB) as the most held cryptocurrency by the top 1,000 Ethereum wallet addresses.
$1.14 billion worth of FTX is being held by the 100 biggest ETH whales on the market, while SHIBA INU is lagging behind with $1.12 billion.
Central African Republic accepts Bitcoin as legal tender
The Central African Republic has accepted Bitcoin as a means of payment, as the country’s National Assembly unanimously voted on a bill that legalized crypto, offered a regulatory framework, and accepted Bitcoin as legal tender.
The Central African Republic’s economy is in need of some rescuing, so the country’s officials have agreed to use Bitcoin and crypto to boost the economy, along with using technology to generally digitize it.
US officials link North Korean Lazarus hackers to $625M Axie Infinity crypto theft
The U.S. Treasury Department has implicated the North Korea-backed Lazarus Group (aka Hidden Cobra) in the theft of $540 million from video game Axie Infinity’s Ronin Network last month.
CZ said that Binance recovered $5.8 million from the hacker when the money was transferred to the exchange and spread across over 86 accounts. Recently, security firm PeckShield said the hackers had laundered about 7.5% of the stolen funds and still had around 159,710 ETH – or $512 million – in the wallet.
Over 10% of Americans will own crypto by year-end
According to a forecast on the crypto industry released on April 20th by research firm Insider Intelligence, nearly 34 million Americans will own cryptocurrency by the end of the year. That equates to around 10% of the population.
The researchers predicted that the number of U.S. adults who own and use crypto for payments will double digits by 2023. It added that 3.6 million Americans would use digital assets as a payment method at some time this year.
Ukraine’s Central Bank bans crypto purchases in local currency
Ukraine’s central bank has banned the purchase of cryptocurrency using the country’s local currency. Individuals may only purchase crypto using foreign currency up to a value of 100,000 Ukrainian hryvnia ($3,400) per month, the National Bank of Ukraine said on Thursday.
Ukraine formally legalized crypto in the country last month, determining the legal status, classification, ownership and regulators of virtual assets to be regulated by the National Commission on Securities and the Stock Market.
SHIBA INU launches SHIB burning portal
The team behind one of the most popular doge-inspired memecoins – SHIBA INU – has launched a burning mechanism that allows holders to permanently destroy their tokens, reducing the circulating supply while receiving opportunities for passive income.
This effectively introduces a mechanism that allows for a reduction of the total circulating supply, making the tokens scarcer.
Top 10 Daily Losers
HAWK, the utility token of the Hawksight ecosystem, is currently losing the most value, down 27.96%. However, compared to the price of 285 VNDC at the time of ONUS listing, HAWK has gained 423.51%.
Other assets that saw a drop in value include PLATO (down 25.23%), H3RO3S (down 21.9%), RACA (down 17.07%),…