MoneyGram to open transfer platform with Stellar
MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers.
The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram network.
Kava onboards Sushi with $14 million in developer incentive funding
Kava brings on Sushi to its developer incentive program by allocating a total of $14 million in funds that will take the form of Sushi and Kava daily rewards, split equally.
“Sushi deploying on the Kava Network unlocks for DeFi users a new suite of DeFi products that provide high-yield farming with maximum efficiency and speed,” according to a blog post by decentralized finance (DeFi) firm Kava Labs.
Cardano beats Ripple by market cap
Thanks to Cardano’s explosive growth of nearly 30% on May 31st, the ADA token beats Ripple’s XRP in CoinMarketCap’s market capitalization top.
Despite Cardano having 14 billion fewer coins in circulation, ADA breaks out at no. 6, with Ripple dropping to no. 7. Cardano currently has a market capitalization of $22.57 billion versus Ripple’s $20.19 billion.
Dubai Hotel does deal with Binance to take payment in crypto
Binance has been assisting The Manor Hotel by JA to develop a crypto payment gateway that can be accessed through the hotel’s website.
According to Gulf News, users can book rooms and pay for services with Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH). According to The Manor Hotel’s Managing Partner, virtual assets go in line with the hotel’s vision for sustainability and digital transformation.
Former Nintendo President states gaming companies are marching to the metaverse
Former Nintendo of America President, Reggie Fils-Aimé, believes that the gaming industry is steadily going to integrate metaverse elements into its games.
Fils-Aimé thinks that established gaming companies, like Nintendo, are better suited to be leading the race for the metaverse than other companies due to their experience in building interactive and persistent worlds.
Bitcoin and Ethereum rise again
On May 30th, Bitcoin and Ethereum broke their consecutive weekly candle record. Specifically, Bitcoin, the largest cryptocurrency by market capitalization, has closed its 9th consecutive weekly candle in loss, which has never happened in history.
However, on the morning of May 31st, BTC witnessed an impressive recovery with an increase of 8 – 10% after 24h, the whole market recorded green again.
Dogecoin flips Polkadot, becomes 10th biggest crypto by market cap
Data available on CoinGecko shows that Dogecoin (DOGE) has flipped Polkadot (DOT) to become the tenth biggest cryptocurrency in the world by market capitalization.
The current market capitalization of DOGE and DOT is respectively $10,949,701,938 and $10,480,467,284, with DOGE leading by over $500 million.
WAVES rises 104.55% after 24h
The data shows that since falling to a fairly low level of 104,307 VNDC on May 28th, the price of Waves Token (WAVES) has rallied 104.55% and bounced back 229,876 VNDC on this morning of May 31st.
With a trading volume of $307.46 million in the past 24 hours. WAVES has become the second-largest asset by trading volume on the ONUS app, just behind LUNC. With these achievements, WAVES is currently leading the Top Gainers on ONUS.
SHIBA INU profitability rate drops to 24%
According to data provided by IntoTheBlock, 73% of SHIBA INU holders are at a loss, and 3% break even. Only 24% of token holders are profiting from it, which means that their entries were below the current price.
TRON might overtake Binance Chain in total value locked in DeFi
According to DefiLlama data, TRON currently ranks as the third-largest blockchain in terms of total value locked, trailing only Ethereum and the BSC (BNB). With a total value locked of $5.8 billion, TRON nears the Binance Chain’s TVL of $6.9 billion.
TRON remains the only blockchain among the top 20 recording gains, with a monthly gain of 41.33%. It has also gained in the last seven days, rising 33.23%.