Stargate Finance attracts $1.9B in six days
Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching.
By attracting nearly $2 billion in TVL, Stargate has cemented itself as one of the top 10 DeFi projects, according to comparative data from DeFi Pulse.
Metaverse Category Update
Many Metaverse projects have made impressive growth steps due to their strong development potential and positive market signals.
RACA, the utility token of the Radio Caca ecosystem, is currently leading this category with a growth of 22.22% and a trading volume of 2.9 billion VNDC. Following behind are other potential Metaverse projects such as GMT (up 20.29%), HIGH (up 25.87%), GHST (down 0.11%),…
Whale acquires 3.9 trillion SHIBA INU as price shows 11% weekly rise
According to data provided by Etherscan, an anonymous whale has purchased a staggering amount of SHIBA INU, pocketing 3,914,263,607,418 tokens, equivalent to $96 million.
In the meantime, SHIB has shown a rise of 11.19% in the past week. The second-largest canine cryptocurrency is changing hands at $0.00002462.
Japan’s social media giant LINE to launch NFT marketplace
The Japanese social media and messenger software firm Line Corporation has announced the company is introducing a non-fungible token (NFT) marketplace on April 13, and LINE app users will be able to use the marketplace via the app.
Line detailed that the market will be called “LINE NFT” and it will showcase “more than 100 types of NFTs.
Fashion takes center-stage in the Metaverse at Decentraland’s Metaverse Fashion Week
Decentraland kicked off Metaverse Fashion Week: a combination of high-end designers and wearables vendors flaunting NFT collections in the blockchain-based virtual world. Brands such as Estée Lauder, Tommy Hilfiger, Dolce & Gabbana and Forever 21 are all participating in the virtual fashion event.
With the rise of digital goods and metaverse shopping experiences, Decentraland’s Fashion Week seeks to provide a space for people to express themselves and expand the understanding of their own self through wearables on their avatars.
Russia’s energy chief says it would accept Bitcoin for oil and gas
The Russian Federation’s energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas from “friendly countries” such as China and Turkey.
The crypto market appears to have reacted positively to the news of an expanded international use case for BTC. Bitcoin is up 2.5% over the past day and is now approaching 30-day highs trading at $43,917.
Axie Infinity (AXS) price reverses course with 50% gain ahead of Origin launch
Data from Cointelegraph Markets Pro and TradingView shows that the price of AXS increased 56.5% over the past ten days, 24-hour trading volume reached $1.9 billion.
Three reasons for the climbing price of AXS are the upcoming launch of Axie Infinity: Origin, the steady increase of active users and AXS stakers, and the rising popularity of the Ronin sidechain, which enables Axie Infinity gameplay.
$2.5 billion BTC move off exchanges, suggesting potential for ‘significant’ price rise
According to data from on-chain analytics firm Glassnode, shared by Bitcoin Archive, in just 2 weeks around 61,000 BTC worth over $2.5 billion were taken off of cryptocurrency trading platforms at a time in which the supply of BTC at these platforms reaches a 3-year low.
The total amount of Bitcoin moving on to exchanges remains low. This shows that investors are ready to hold onto their coins for longer periods, suggesting potential for a “significant” price rise.
MNET rises 56.6% after 24h
After many days fluctuating between $0.0088 and $0.012, MNET, the utility token of the MINE Network ecosystem, recorded a positive signal and rose again.
MNET has gained 56.6% in the last 24 hours to $0.025, the highest level since January 25th. However, with the ATH of $0.199698, many investors still have high expectations for the potential breakthrough of this token.
Fed Chair Powell says crypto needs new regulation citing risks to US financial system
During a panel discussion on digital currencies organized by the Bank for International Settlements (BIS), the chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions.