Gulf Energy pursues joint venture with Binance, invests in BNB
In a separate filing on Monday, Gulf Energy, a leading energy producer in Thailand disclosed that it is pursuing a “joint venture” with Binance to operate a cryptocurrency exchange in Thailand.
Gulf Energy’s filing also disclosed investments in Binance Coin (BNB), which is the native crypto asset of the Binance ecosystem.
Terra’s UST flips BUSD to become third-largest stablecoin
UST’s total market capitalization has surged 15% over the past 30 days to sit at roughly $17.5 billion.
The figure currently places UST, the Terra (LUNA) blockchain’s algorithmic stablecoin as the third-largest stablecoin after it flipped Binance USD (BUSD) with a slightly lower market cap of $17.46 billion.
GMT rises 36.27% after 24h, hitting new ATH
GMT, the governance token of the STEPN ecosystem, continues to demonstrate its growth potential after conquering a new ATH of $3.267.
At a broader time frame, GMT has gained 382.8% in just 1 month and 33,057% since its launch date. With these achievements, GMT is now leading the Top Gainers on the ONUS app.
Global NFT trading volume grows over 200% in 2022
The total volume traded in NFTs has recently exceeded 18 million ETH or $54 billion in aggregate value, according to the data from the cryptocurrency market analytics platform IntoTheBlock retrieved on April 18.
Specifically, IntoTheBlock’s year-to-date chart shows that the global trading volume of NFTs grew from $16.94 billion on January 1, 2022, to $54.58 billion on April 17, which is an increase of 222.2% since the year’s turn.
Fortnite developer Epic Games raises $2 billion to build for the metaverse
Epic Games, the parent company behind the highly popular game Fortnite, has received $2 billion in funding from global entertainment giant Sony and investment company KIRKBI, which founded the Lego Group. The funds will be used to upholster Epic’s metaverse expansion plans.
Tim Sweeney, CEO and founder of Epic Games, said, “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences, and creators can build a community and thrive”.
ONUS X Hesman: Strategic Partnership
On April 18th, ONUS officially announced a strategic cooperation agreement with Hesman, an NFT project inspired by the classic manga Hesman published in 1993. Specific partnership plans will be announced soon.
See more details about Hesman and terms of cooperation here.
Today’s top Ethereum and Bitcoin mining devices continue to rake in profits
The price of Bitcoin is still down roughly 40% since the crypto asset’s ATH and Ethereum has lost 37% against the U.S. dollar since the cryptocurrency’s ATH. Despite the drop in value, Bitcoin and Ethereum miners are still making decent profits as both networks have seen their hashrate reach ATHs in 2022.
While ASIC miners can still mine Ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, can obtain $13.74 per day in Bitcoin profits.
Luna Foundation purchases another $5 million in Bitcoin
The Luna Foundation Guard (LFG) purchased an additional 123.89 Bitcoin on Friday worth close to $5 million at the time of settlement.
Since mid-March, Terra’s LFG has been acquiring Bitcoin on a regular basis and after the purchase on Friday morning, the non-profit organization has approximately 42,530.827 Bitcoin.
The current macroeconomic backdrop could ignite another sell-off event for BTC
According to the Glassnode co-founders, the macroeconomic landscape looks shaky after the Federal Reserve announced the tapering of its balance sheet to the tune of $95 billion per month in an effort to combat persistent inflation. This could ignite another sell-off event for BTC.
Despite the bleak macroeconomic picture, BTC continues to show signs of on-chain strength. According to Glassnode, BTC investors are withdrawing Bitcoin from crypto exchanges at a historic rate, indicating that a bottom could be in sight.
Jade Forest Capital to invest $2 million into Animverse
After the successful investment in HeroesTD, Jade Forest Capital continues to expand their GameFi portfolio with Animverse – a unique MMORPG Play-to-Earn game project launched this April.
The $2 million investment in Animverse is Jade Forest Capital’s response to a promising project and marks their next step in the process of contributing to the growth of the blockchain market.