Grayscale launches new trust dedicated to Solana
Digital asset investment giant Grayscale is launching a new product offering exposure to one of the hottest digital assets today, Solana. The Solana Trust will be the 16th offering in Grayscale’s expanding product line that caters to institutional and high-net worth investors.
SHIBA INU trading volume spikes to $8 Billion, following 30% rally
In just 24 hours, SHIB has achieved a growth of more than 30% and surpassed AVAX to become the 11th-largest cryptocurrency by market capitalization. SHIB is currently trading at $0.00005297 with a trading volume of $8 billion.
Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner
Former Citi executive Matt Zhang introduced Hivemind Capital Partners, a $1.5 billion multi-strategy fund. The fund will prioritize projects focused on building crypto infrastructure, virtual worlds and programmable money.
Hivemind’s first technology partner is Algorand, a top-20 blockchain project, with its native ALGO token valued at $11.2 billion in total market capitalization.
Open Yield Farming Pool for Heroes TD Token (HTD)
Heroes TD officially enables Yield Farming Pool for HTD token from Nov.29. HTD holders can start yield farming with the pairs $HTD/ $BUSD to earn $HTD for different period 30 days and 180 days with the total awards of 468,000 HTD (0.1% total supply).
There will be a leaderboard based on the amount of $HTD in yield farming pool. Investors who ranked top in the leaderboard will get Free Blind NFT boxes.
Imperium Empires secures funding from Avalanche, AVATAR and Avalaunch
Imperium Empires has received investment from Avalanche, AVATAR and Avalaunch to build the world’s first AAA GameFi 2.0 space metaverse on the Avalanche Blockchain.
Not only it features AAA-quality graphics, but also being the world’s first GameFi project that features deflationary tokenomics and seamlessly integrates DeFi by gamifying it, making DeFi accessible to 3 billion gamers over the world.
‘Physical’ Bitcoin Fund approved in Singapore
Singaporean Fintonia Group has launched two bitcoin funds for professional investors. The Fintonia Bitcoin Physical Fund purchases actual bitcoin to provide investors with direct price exposure. The Fintonia Secured Yield Fund allows bitcoin holders to obtain cash by putting up their BTC as collateral.
MicroStrategy buys more bitcoin for over $414 million in cash
MicroStrategy has purchased an additional 7,002 bitcoins for approximately $414.4 million in cash at an average price of $59,187 per bitcoin. As of 11/29/21, the company holds 121,044 bitcoins acquired for $3.57 billion at an average price of around $29,534 per bitcoin.
Retail Giant Newegg confirms SHIBA INU is coming soon
Two weeks after AMC accepts SHIB as a payment method, a major tech-focused e-commerce platform, Newegg, has announced that SHIB is coming soon to its platform.
The platform currently accepts a number of cryptocurrencies via Bitpay. The crypto payment service provider is expected to add SHIBA INU to its list of supported cryptocurrencies, which includes the rival meme cryptocurrency Dogecoin (DOGE).
Each Solana TX uses less energy than 2 Google searches
Solana Foundation’s stated that a single transaction on its network uses 0.00051 kilowatt-hour (kWh), or 1,836 Joules, of energy. According to Google, an average search uses 0.0003 kWh or 1,080 Joules of energy. This means that a transaction on the Solana network takes less energy than two Google searches.