Avalanche announced launching new ‘Core’ wallet
Avalanche announced it will launch its own wallet application, called Core. The Core wallet will incorporate native Avalanche bridging functionality, which enables users of the wallet to directly interact with decentralized applications (dapps) on the Avalanche blockchain.
Crypto exchange MEXC Global leads $150M Fetch.ai development fund with Huobi, Bybit
Cryptocurrency exchange MEXC Global has launched a $150 million development fund for Fetch.ai, a blockchain-based machine-learning platform, along with peers Huobi and Bybit.
The money will go toward encouraging developers to build on the platform.
FTX acquires Good Luck Games amid gaming push
Cryptocurrency exchange FTX has acquired Good Luck Games, developer of the upcoming card battle game Storybook Brawl for an undisclosed amount. Good Luck Games will be integrated into FTX Gaming following the acquisition.
Yuga Labs secures a16z board member, $450 million and reached a $4 billion valuation
Yuga Labs announced that they collected $450 million at their seed funding. Andreessen Horowitz’s a16z crypto fund led the round. Game studio Animoca and its subsidiary The Sandbox; investment firms LionTree and Thrive capital and big crypto players like FTX and MoonPay also participated in the funding.
According to the Yuga Labs team, the amount they collected is the biggest valuation for a seed round investment. Additionally, the company confirmed that this capital would be spent to build their game-based metaverse and scale the team.
FTX invests $100M in banking app Dave, forms partnership for crypto payments
Dave (DAVE), a publicly-traded banking app, has made a strategic partnership with FTX US, the stateside arm of cryptocurrency exchange giant FTX. The company also received a $100 million investment from FTX Ventures, the exchange’s $2 billion venture capital fund.
FTX US and Dave are currently exploring how to introduce digital asset payments onto Dave’s platform. In addition, FTX US will serve as the exclusive partner for any crypto offerings.
$2.6 billion worth of BTC left cryptocurrency exchanges in March
A massive volume of BTC left centralized exchanges tracked by Glassnode in March. According to the on-chain data provided, traders and investors removed approximately 61,000 BTC from trading platforms to their private wallets or exchanged the cryptocurrency for fiat.
Top 5 Trending Assets
Leading the Top Trending is H3RO3S – The world’s first real-life Play-to-Earn game token. In just 24 hours, H3RO3S attracted more than 88 thousand views, demonstrating the heat that has not subsided for this Play-to-earn game.
SURV came in second with 77,851 views, followed by TPH, ONUS, and GMT – assets that are frequently discussed in ONUS communities.
51 billion SHIB shoveled by whales
According to data from WhaleStats, the fourth biggest wallet on the Ethereum blockchain, purchased 51.4 billion SHIBA INU, which puts the memecurrency’s total USD holdings at $1.19 billion.
Crypto market selling pressure remains Asia dominated
Blockchain analytics firm Glassnode’s latest report shows that the price of the largest crypto by market cap has stayed firmly within the same tight $5,000 range from $37,680 to $42,312. However, on March 22 the asset saw a sudden spike in price which elevated prices to a two-week high.
Notably, U.S. and E.U.-based investors have tended to be buyers, whereas Asian investors have tended to be sellers. This tendency has remained consistent since March 2020 with the exception of last November when both sides were buying heavily.
Cardano developers propose increasing Plutus script memory
Cardano developer has put forward a proposal to increase the limit of memory units per block for the blockchain’s Plutus scripts from 56 million to 62 million in order to boost the network’s capacity.
The total value of assets staked in Cardano protocols recently jumped by 13%. According to Input Output, there are roughly 500 projects in the pipeline. They cover such sectors as lending, gaming, and non-fungible token marketplaces.