ACA rises 44.5% after 24h
The data shows that since falling to a fairly low level of 0.861003 USD on February 24th, the price of Acala Token (ACA) has rallied 44.5% and bounced back to 1.28 USD this morning of February 25th.
ACA trading volume spiked to 14.61 million USD, 3 times higher than the average trading volume of the previous 10 days. With these achievements, ACA is currently leading the Top Gainers on ONUS.
$460 million worth of remaining crypto longs liquidated
According to Coinglass, $460 million worth of orders were liquidated in the last 24 hours as the market faced the strong selling pressure that sent Bitcoin below $35,000—a price that the market saw last time back at the end of January.
First place in terms of liquidated volume is Bitcoin, with $146 million worth of orders wiped from the market. Second place in liquidated volume is Ethereum, with $122 million worth of orders liquidated in the last 24 hours.
SM Entertainment partners with Binance to launch global play-to-create NFT ecosystem
On Feb.23, the Korean entertainment powerhouse revealed that their subsidiary SM Brand Marketing (SMBM) has established a strategic partnership with Binance as they begin their venture into NFTs and blockchain markets.
According to the agreement, the two companies will collaborate to expand their play-to-create (P2C) ecosystem in which users can create games, music, dance and goods on their own.
SHIBA INU releases 99,000 plots of land on its metaverse
The developers behind the meme-inspired cryptocurrency SHIBA INU have revealed their plan to release 99,000 plots of land in the Shiberse, the cryptocurrency’s upcoming Metaverse. 35,000 of those plots will be sold to LEASH token holders.
The Shiberse is set to be released in different phases. As Business Insider reports, the developers behind the project are planning a 10-day sale of digital land where 35,000 plots are set to be sold.
Total stablecoin supply hits $180 billion
According to data compiled by Crypto Rank, despite the current volatile environment, the stablecoin supply has grown by $9.5 billion over the past 30 days, reaching the milestone amount of $180 billion in Feb 2022.
Over February, three stablecoins entered the top 10 coins by market capitalization, including Tether (USDT), USD Coin (USDC), and BUSD. These three stablecoins account for a total of 9% of the total crypto market cap.
Mexico Senator proposes Bitcoin legal tender bill
Indira Kempis, a senator from the state of Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender.
Indira Kempis is working on a proposal for a crypto-friendly legal framework, which is expected to be introduced to the Mexican Congress this year.
Bitcoin and crypto market tank 7% as Putin announces military operation in Ukraine
Bitcoin (BTC) and the broader cryptocurrency market have entered yet another sharp correction as Russia announces a ‘military operation’ in Ukraine.
As of press time, Bitcoin is seeing a sharp 7% drop and is currently trading at $35,359 levels with a market cap of $661 billion. This has extended Bitcoin’s weekly losses to almost 20%. All of the top ten altcoins including Ethereum (ETH) are also down anywhere between 8-10%.
Food chain Everbowl let employees get paid in Bitcoin
Superfood chain Everbowl, a company based in California, U.S, will allow corporate employees to have the option to receive a portion of their salaries in Bitcoin, the company said in a press release on February 23rd.
Institutional investors purchased $25 million worth of Avalanche (AVAX) last week
According to the latest report by institutional crypto fund manager CoinShares, Avalanche was the second biggest performer in the week ending February 21, with inflows totaling $25 million.
Avalanche is the fourth-largest DeFi blockchain in the market, with a total value locked (TVL) reaching 10.5 billion USD. Avalanche is currently behind Ethereum ($117.3 billion), Terra ($16 billion), and Binance Smart Chain ($11.9 billion), according to data provided by DeFi Llama.
Top 10 Trending Assets Update
BCOIN continues to hold the No. 1 Top Trending position with 249.64k views. Currently, BCOIN has gained 18.04%, reaching a price of $0.51571982 with a trading volume of $1.06 million.
LTD suddenly witnessed an impressive growth of 72.44%. With this achievement, LTD is currently leading the Top Gainers and holding the 7th position in the Top Trending with 53,026 views. Other assets in the Top Trending include H3RO3S (up 11.03%), ITAMCUBE (up 3%), SPG (down 30.66%),…