Bitcoin tumbles below $47,000
Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000.
Bitcoin tumbles below $47,000
Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000.
Highlights of the week
Rarible to integrate $XTZ blockchain
$ENJ partners with Amasa
$KAD introduced NFT platform Marmalade
$ZIL announces ZRC-6: The new NFT standard
$ZEN cross-chain protocol Zendoo is live on mainnet
$AVAX announces $6M incentives for Alpha Finance Lab

0x expands partnership with Celo to distribute $4.5M to DAO ecosystem
0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO).

More than $100 million worth of metaverse land sold last week
Blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week. The Sandbox represented the lion’s share of volume for the week with $86.56 million while Decentraland accounted for $15.53 million.
Kadena introduced Marmalade, the new Kadena standard for NFTs
Marmalade provides the complete infrastructure to launch and run game-changing NFT marketplaces, enabling creators, buyers, and communities to interact and participate in NFT ownership and sales without limitation.
Terra’s LUNA eyes a spot in top ten with 70% weekly gains and new ATH
While the broader cryptocurrency has been showing a sideways movement, Terraform Labs’ LUNA token has significantly climbed the ranks gaining 70% over the last week, printing a new ATH at $69.74.
Terra’s LUNA token has toppled some of the recent top performers like Polygon (MATIC), SHIBA INU (SHIB), and Avalanche (AVAX) to become 11th-largest cryptocurrency by market capitalization.
IOTA set to launch decentralized smart contract platform to expand Web3 ecosystem
IOTA has announced the release of decentralized layer-one smart contract network Assembly in a bid to accelerate the expansion of smart contracts across a multitude of sectors, including DeFi and NFTs.
Assembly is seeking to foster an environment for developers that facilitates the expansion of the IOTA ecosystem into a panoply of Web3 sectors, including the Metaverse.

Adidas enters Metaverse with Bored Ape Yacht Club Ethereum NFT
Adidas announced a collaboration with Bored Ape creators Yuga Labs to enter the metaverse, an emerging vision of a future internet in which users interact in shared 3D worlds with their owned NFT collectibles.
In addition to the Bored Ape Yacht Club, Adidas is teaming up with notable NFT collector Gmoney, as well as Punks Comic, an unofficial Ethereum NFT derivative project inspired by the popular CryptoPunks.

Cartesi is taking IoT to the next level with IoTeX
Cartesi announced a new partnership with IoTeX, a multiple award-winning blockchain for the Internet of Things (IoT), to perform technical integrations to provide IoT services with the safety and security benefits of blockchain.
KardiaChain and VeriChains Labs join hands to ensure security and endorse KAI Ecosystem
KardiaChain announced a new strategic partnership with VeriChains Labs, a research lab providing high-quality blockchain development and smart contract security audit services, in order to assure cybersecurity and endorse all projects in the KAI ecosystem umbrella.