18.8 million SHIB burned in past 24 hours
According to Etherscan, in the past 24 hours, there have been a total of 17,081,193 SHIB tokens burned. So far, a total of 410,302,031,022,757 SHIB tokens (41.0302%) have been burned from the initial supply of 1 quadrillion.
DeFi infrastructure provider Qredo raises $80 million at $460 million valuation
Decentralized finance (DeFi) infrastructure company Qredo has raised $80 million in an oversubscribed Series A round led by 10T Holdings, the crypto investment firm of hedge fund manager Dan Tapiero, at a $460 million valuation.
The funding round included $60 million of primary capital and $20 million from secondary investors. The funds will help fuel growth, which includes potential acquisitions, further development of retail investor offerings and geographic expansion.
Ethereum whales accumulate RNDR
Ethereum whales have quickly moved to accumulate Render Token (RNDR) shortly after the cryptocurrency was listed on the cryptocurrency exchange Coinbase.
According to data shared by WhaleStats tracking service, RNDR quickly became one of the most-purchased tokens by the 1,000 largest whales on the Ethereum network, who accumulated over $35.5 million worth of the cryptocurrency.
Highlights of the week
$EGLD introducing Metastaking
$SOL announces the launch of Solana Pay
$LTC announces Mimblewimble and Taproot upgrades
$FTT buys crypto exchange liquid group for expansion in Japan
63 billion SHIB tokens purchased by whales
According to data provided by Etherscan tracker, large cryptocurrency holders, known widely as crypto whales, have acquired a massive amount of the second-largest meme token, SHIBA INU (SHIB).
Etherscan has spotted four transactions, which transferred a total of 63 billion SHIB tokens to four wallets, equivalent to $1,386,000.
Avalanche makes strategic investment in EonXI Labs
The Avalanche Foundation announced that it has made a strategic investment in EonXI Labs, a US-based incubation lab to back Web 3 organizations, startups, and founders.
Bitcoin reclaims $40,000
After declining over 42% since its all-time high of nearly $69,000 on Nov.10 last year, Bitcoin, the largest cryptocurrency by market capitalization, is recovering and gaining 9.55% after 24 hours, leading to a growth in the price of the entire market.
Bitcoin is currently trading at 41,520 USD and accounting for over 41% of the total $1.6 trillion cryptocurrency market capitalization.
SHIBA INU now has its own fast food chain
According to a recent post by SHIB dev Shytoshi Kusama, SHIBA INU teamed up with Welly’s, an Italian fast-food restaurant.
As part of the partnership, Welly’s conducted a full rebrand, making the Shiba Inu dog its new mascot and adjusting its menu and marketing strategy. The customers at Welly’s will also be able to use the SHIB token as a means of payment.
36.7 trillion SHIB whale expands portfolio
Data shared by WhaleStats shows that a major Ethereum whale, who also holds more than a mind-blowing 36 trillion of SHIBA INU in its portfolio, has bought 4,530,000 Loopring (LRC), equivalent to $3,949,226.
NFT trading volume eclipsed $16 billion in January
According to DappRadar report, despite massive carnage on cryptocurrencies markets, in January 2022, the NFT segments witnessed $16 billion in trading volume across all mainstream markets and protocols.
The NFT space has a fresh leader: novel platform LooksRare that made headlines by its LOOKS token rewards program processed $10.7 billion in trading volume, while OpenSea handled a total of $4.7 billion.