Third-largesst Bitcoin whale buys BTC worth $28 million at $38,400
According to CryptoPotato, the third-largest Bitcoin whale bought a total of 730 BTC in the last two days at an average price of around $38.4K. The address has a balance of a whopping $5.3 billion, holding 126,341 BTC in total.
Dubai establishes new crypto laws
Today Sheikh Mohammed, who is also the vice president and prime minister of the UAE, announced the Dubai Virtual Asset Regulation Law.
The law is established to creat an advanced legal framework to protect investors and promote responsible business growth, under prudential regulations.
Terra Luna outpaces Solana and Cardano after gaining 22.17%
LUNA, the native token of the Terra ecosystem, rose to reach highs of $98.80 on March 9 as it prepares to mark the second consecutive day in the green.
The price gain led to an increase in Terra’s market capitalization, causing it to flip Solana and Cardano to become the seventh-largest cryptocurrency by market capitalization.
Top 5 Trending Assets
ALPINE became the focal point on ONUS today after witnessing a significant growth of 45.86% to a price of $5.005 in just 24 hours. With these achievements, ALPINE is now leading the Top Trending on ONUS with 93,255 views.
BTC came in second with 87,621 views, followed by BCOIN, KAI, and H3RO3S – assets that are frequently discussed on ONUS communities.
$5.4 billion ETH already burned with almost 2,000 ETH being burned daily
Approximately $5.4 billion ETH were burned with almost 2,000 new coins being removed from circulation daily. The burning mechanism implemented on Aug. 5, 2021, is allowing the gradual removal of fees from the network.
Thailand to offer crypto payments to Russian tourists as an emergency measure
Russia’s “special military operation” against Ukraine led many nations to declare economic war on the largest country by landmass to isolate it from the global financial world.
Contrary to those penalties, Thailand seeks to offer alternative cryptocurrency settlement options to Russian tourists. According to a local report, PTA’s President Bhummikitti Ruktaengam said digital assets could serve as a backup in case transactions are canceled.
Icetea Labs establishes a new strategic partnership with Filecoin
Filecoin announced a new partnership with Icetea Labs, a unit specializing in incubating and supporting common gaming and metaverse tasks in Asia.
Icetea Labs will become the bridge between Filecoin and new projects in the Icetea ecosystem with the aim of attracting a massive quantity of users and bringing numerous growth strategies.
The Sandbox partners with World of Women to drive female education and mentorship
The Sandbox (SAND) metaverse announced its partnership with nonfungible token (NFT) community World of Women, or WoW, to launch the WoW Foundation.
A $25 million grant from The Sandbox will help fund the foundation over the next five years. The mission of the WoW foundation is to amplify female representation in the NFT and metaverse spaces.
Avalanche Foundation launches $290M incentive program to accelerate growth of new internet of subnets
The Avalanche Foundation has launched Avalanche Multiverse, an up to $290M (up to 4M AVAX) incentive program focused on accelerating the adoption and growth of its novel “subnet” functionality, which enables a rich ecosystem of scalable app-specific blockchains.
Initially, the program is focused on supporting new ecosystems including, but not limited to, blockchain-enabled gaming, DeFi, NFTs and institutional use cases.
Bitcoin surged ahead of Biden’s executive order on crypto
President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
The cryptocurrency market is experiencing rapid growth as a result of the positive news. In the last 24 hours, Bitcoin has gained nearly 7.5% to $41,730, while Ethereum has returned to $2,720.