Highlights of the week
$BNB wins 7th European approval
Samsung investment launched $BTC Futures ETF
$GALA announced a new partnership with The Rock
$ETH introduced “Devnet 2” before the Shanghai upgrade
$SHIB1000 reveals details about Bugatti Group partnership
Charles Hoskinson’s new hospital will accept $ADA for payments
Amazon Web Services taps $AVAX to help bring blockchain technology to enterprises, governments
Dogecoin holders are profitable to start 2023
The data was gathered by analytics firm IntoTheBlock, a remarkable 57% of DOGE holders are profitable on their investments.
In addition, 2% of investors are breaking even and 41% are losing money from holding Dogecoin.
‘Tiny’ NFT game announces plan to transit to Immutable X
Tiny Colony declared its intention to transition its nascent NFT game—a blockchain-oriented construction and management simulator—from the Solana blockchain into the Ethereum scaling platform Immutable X.
Arshia Navabi, co-founder and CEO of Tinyverse said Immutable X is his ideal choice due to its lack of gas fees, making it easier and more user-friendly than other networks for traditional (or Web2) gamers who may not understand what using gas entails.
Trillions of SHIB wired as SHIB becomes most traded token for whales
As shared by Whale Alert cryptocurrency tracking service, about 20 hours ago, an unknown wallet shoveled over 3.3 trillion SHIBA INU to a brand new wallet, equivalent to $30,458,751.
SHIB at the moment is the 10th largest coin by trading volume and one of the most-purchased crypto assets for the 100 largest whales on Ethereum chain. Overall, these whales are now storing $50,794,729 worth of SHIB in their wallets. This is 2.24% of their comprised portfolio.
Top 5 crypto market gainers this week
1. $GALA increased by 111.39%
2. $APT increased by 98.34%
3. $SOL increased by 74.39%
4. $MANA increased by 72.63%
5. $OP increased by 57.78%
Ethereum introduced “Devnet 2” before the Shanghai upgrade
Ethereum has launched a new developer network known as “devnet 2” to assist client teams in preparing for the impending Shanghai upgrade.
The devnet was created largely to test and identify flaws in software for the Shanghai upgrade. This functionality, which is now unavailable, will be enabled on the mainnet in March, allowing users to access their staked coins that were rendered temporarily inaccessible during the transition known as “The Merge” in September.
Justin Sun says he may spend $1 billion on DCG assets
According to Reuters, TRON’s founder told the media company that he could spend that amount to buy a portion of DCG’s assets “depending on their evaluation of the situation.”
Reuters could not determine which assets Sun was considering buying, and the Digital Currency Group did not state any of the above matters.
Waves sunsets algorithmic stablecoin, converts USDN into index token
Developers of the Waves-based algorithmic stablecoin neutrino (USDN) will convert the asset into a Waves Ecosystem Index Token (WIXT) in an effort to rescue the project, which lost its US dollar peg several times so far.
The developers claim the transition will be a “win for all USDN holders.” It is expected that USDN will be converted to WIXT by mid-Feb, with $15 million worth of tokens to be added as collateral by Apr.
Staked ETH passes 16 million
Almost four months after Ethereum’s successful shift to a proof-of-stake network, the second-biggest blockchain has passed another major milestone.
More than 16 million ether (ETH) have been deposited into Ethereum’s Beacon Chain staking contract, data from Etherscan shows. The 16 million ETH figure constitutes more than 13.28% of the total ether supply and represents nearly $22.38 billion at current prices.
Bitcoin spikes to $21,200 as the crypto market experiences green shoots
On the morning of January 14, Bitcoin (BTC) continued to extend its continuous rise, with a recovery momentum of up to 25% during this period.
Beginning on January 8 at $16,943, Bitcoin gradually increased as the market awaited the January 12 US CPI data. The world’s largest cryptocurrency had reached $21,258 at the time of the January 14 update, the highest value threshold of 2023 thus far and the highest since November 6, 2022.