Whale bought 87 billion SHIB
According to WhaleStats, the owner of the wallet dubbed “BlueWhale0073” purchased a total of 86,740,251,500 SHIBA INU meme coins. This sum of SHIB cost him $1,015,728.
However, this whale uses SHIB as a purely speculative asset as he always sells the acquired SHIBA tokens after purchasing them. At the moment, SHIB and other small-cap tokens constitute merely 0.2% of this investor’s portfolio.
Brazilians can now buy residential apartments with Bitcoin
Gafisa, one of Brazil’s major real estate developers, has announced it will now accept Bitcoin as payment for apartment purchases, making it yet another publicly traded firm to adopt the digital asset.
Guilherme Augusto Soares Benevides, Chief Executive Officer of Gafisa Incorporadora e Construtora in Sao Paulo, said that Bitcoin is the largest cryptocurrency in market value and it is a currency that is growing in popularity every day, also expanding the possibilities of its use.
Brazil’s largest crypto exchange partners with Stellar to work on CBDC
On May 24th, Mercado Bitcoin, the largest cryptocurrency and digital asset platform in Latin America, announced its partnership with the Stellar Development Foundation (SDF) to participate in the development of a Brazilian CBDC.
Mercado Bitcoin CEO Renaldo Rabello said that the company hopes to build robust solutions using Stellar’s blockchain technology. This should be sufficient to meet all the criteria required for evaluation and future approval of a Brazilian CBDC.
DEX protocol Uniswap hits $1 trillion cumulative trading volume milestone
Since its first iteration went live in 2018, Uniswap has seen over $1 trillion in crypto be traded on the decentralized exchange (DEX) protocol. The DEX has seen a $500 billion increase in trading volume since the fourth quarter of 2021, according to Uniswap data.
Uniswap has dominated the decentralized exchange market since last year, in terms of trade volume, according to data compiled by The Block Research. In April, for instance, it had a 42.48% share of the market, followed by PancakeSwap (17.21%), SushiSwap (5.47%), Astroport (5.24%), Curve (4.06%) and all others (25.56% combined).
278 million LUNA burned since Do Kwon posted burning address
On May 21, Do Kwon, the CEO and founder of Terra, posted in a Twitter conversation a dead wallet address, where people can send their LUNA tokens for burning.
The total amount of LUNA sent to the burning address is up to 289 million, with the total number of transactions at 2,719, which means the average number of tokens sent to burn in a single transaction is about 107,000 LUNA.
Top 10 Daily Gainers – NFT Category
Following the recovery of the general market, NFT development projects witnessed impressive growth in the past 24 hours. RARE, the governance token of the SuperRare ecosystem, is currently leading the Top 10 most bullish NFT assets with a growth of 30.74%.
Following behind are other potential NFT projects such as CGC (up 10.82%), PLATO (up 6.62%), GALA (up 2.26%),…
TRON flips SHIBA INU in market capitalization, 5.8 billion TRX burned
With a present market valuation of $7.4 billion, TRON now ranks as the 14th largest cryptocurrency, just ahead of SHIBA INU’s market cap of $6.83 billion.
In order to maintain the momentum, TRON has been burning TRX tokens steadily. According to a Twitter announcement, over 5.8 billion TRX tokens valued at nearly $462 million have been burned.
Fed report finds most Americans who own crypto tend to be high income hodlers
The United States Federal Reserve Board has included data on cryptocurrency in its new Economic Well-Being of U.S. Households in the 2021 report. The Fed’s ninth annual report looked at survey results from 11,000 people questioned in October and November 2021.
Investors holding crypto “were disproportionately high-income, almost always had a traditional banking relationship, and typically had other retirement savings.” 46% had annual incomes of $100,000 or more and 89% of those who were not retired had retirement savings. 29% had incomes under $50,000.
Filecoin Foundation and Lockheed Martin partner to bring decentralized storage to space
Filecoin Foundation and the American aerospace tech firm Lockheed Martin announced plans on Monday to design decentralized storage for the space industry. The collaboration intends to build infrastructure to share information, hasten communication and reduce storage costs between earth and space.
The main tool for decentralized storage is the InterPlanetary File System (IPFS), a blockchain-based storage protocol that stores files based on content, using ‘content IDs,’ over location.
Lido (LDO) crashes $11 billion in total value locked (TVL)
Lido was the second decentralized application (dApp) with the most value locked throughout April.
According to BeInCrypto Research, Lido lost 57% of its all-time high TVL on April 6. On that day, TVL was approximately $20.4 billion, and this declined to around $8.6 billion on May 22.