5.4 billion SHIB destroyed in 24 hours
As reported by shibburn crypto tracker, over the past 24 hours, various teams within the SHIB army have transferred a total of 5,486,423,670 SHIB to dead-end wallets, thus removing them from circulation forever.
Top 10 Daily Gainers
In the last 24h, GODS, the native token of the Gods Unchained ecosystem, witnessed an impressive growth of 97.96% to a price of 20,647 VNDC after a few days fluctuating around 8,000 – 10,000 VNDC.
Based on the price movement over the last week, GODS has gained 137.73%. With these achievements, GODS is now leading the Top Gainers on the ONUS app. Following behind are SANTOS (up 50.09%), BCOIN (up 40.68%), PEOPLE (up 36.84%),…
Bitcoin dominance is stronger than it’s been in 6 months
According to the latest chart provided and calculated by Tradingview, Bitcoin has returned to a level of crypto market dominance it last saw in late October 2021. Bitcoin controls 44.7% of the entire crypto market, showing 9% growth in dominance over the last two weeks.
Stablegains faces lawsuit after losing $44 million on UST
Yield generation app Stablegains could be facing a class-action lawsuit after the company lost more than $44 million of customers’ funds. Stablegains took customers’ U.S. dollar deposits, converted them to UST, and deposited them into Anchor Protocol before the algorithmic stablecoin lost its peg and crashed the Terra ecosystem.
Class action law firm Erickson Kramer Osbourne sent a letter to Stablegains on May 14 demanding records of customers’ accounts, the firm’s marketing and advertising materials, and communications records regarding the UST stablecoin.
Cryptocurrencies can now be accepted by thousands of restaurants in 65 countries
Lavu, a global restaurant software and payments solution provider, and Verifone, a payment solution provider, have disclosed a new cross-distribution partnership that will integrate Lavu’s restaurant software suite with Verifone’s payment solutions.
The strategic partnership seeks to allow both Verifone and Lavu to offer a unified point of sale (POS) and payment experience to their customers, inclusive of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Shiba Inu and several USD stablecoins using popular crypto wallets, PayPal, Venmo, WeChat Pay, Klarna, Swish and Vipps.
FTX US launches 0% commission stock trading, opens stablecoin securities payment gateway
Billionaire Sam Bankman-Fried’s exchange will start testing the stock trading function for a select few users in the US tomorrow.
In particular, customers will be able to trade completely free of charge without commission and can fund their accounts with USDC – the current preferred stablecoin after the LUNA-UST crash.
Indian crypto traders may pay tax for using foreign exchanges
“If a crypto exchange is based out of India, and is not impacted from GST implication, then the receiver who is based out of India will be liable to pay GST on a reverse charge basis,” an unnamed finance ministry official reportedly told local media.
If this tax comes into effect, investors trading on foreign crypto platforms may pay a 30% tax on income generated from such trades, 1% tax deducted at source (TDS) as well as GST reverse charge.
Terra (LUNA) hard fork proposal update
Terra’s co-founder, Du Kwon provided the community and investors with a “revival” plan for the Terra ecosystem.
According to the voting page on Terra Station, around 79.29% of voters are in favor of network forking and providing users with new tokens. To be approved, the number of supporters must exceed 188 million. According to the expected schedule, the voting will end on May 25th and the Terra blockchain will be hard forked on May 27th.
Ethereum’s main testnet set for proof-of-stake merge in early June
Ethereum’s main public testnet, Ropsten, is set to undergo “the merge” next month in one of the final preparations before the main Ethereum blockchain can switch to proof-of-stake consensus.
The Ropsten testnet Merge will see the proof-of-work (PoW) network combined with a new proof-of-stake (PoS) consensus layer testnet, with its genesis set for May 30. It will simulate what will happen once the actual Merge between Ethereum and the Beacon Chain finally takes place and it becomes a PoS network.
ROAR rises 335.14% after 24h
AlphaDEX is the Ultimate Cross-Chain AMM, Incubator, and NFT Launchpad powered by Moonriver.
In the last 24h, ROAR, the native token of the AlphaDEX ecosystem, has tripled in value. ROAR is currently trading at $0.08227935 with a trading volume of $7.73 million, an impressive number compared to the previous 10 days’ average of around $853.68 thousand. At the broader time frame, ROAR has increased by 434.11% in just 1 week.