Terra injects 450M UST into Anchor reserve
Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol’s reserves to maintain the stablecoin savings protocol’s lucrative yield of approximately 20% per annum.
Cardano sees significant growth in on-chain activity as new addresses spike 167%
According to IntoTheBlock, the number of new daily addresses being created on the Cardano network has grown by nearly 167% to surpass 112,500 addresses.
Aside from Bitcoin, Cardano is in the top place in terms of transaction activity, outpacing Ethereum. Based on transaction volume, Cardano overtook Ethereum at $15.06 billion, while the latter registered 24-hour volumes of $6.71 billion.
Top 10 Daily Gainers
API3, the native token of the API3 ecosystem, reacted positively to the new, gaining 32.5% after 24h. Based on the weekly price, API3 has gained 101.66%.
With these achievements, API3 is currently leading the Top 10 Daily Gainers on ONUS. Following closely behind are NMR (up 31.89%), GARI (up 18.12%), ANC (15.06%),…
Whale accumulates 19 million DOGE
According to Dogechain, 19,000,000 DOGE was transferred from multiple wallets to an unknown wallet, equivalent to $2,641,494.
Ethereum whales now hold over $2 billion worth of SHIBA INU
According to WhaleStats, the top 1,000 whales by assets held on the Ethereum netowrk have been increasing their exposure to the meme-inspired cryptocurrency SHIBA INU, to the point they now hold over $2 billion worth of the cryptocurrency. SHIBA INU is currently leading the list of altcoins by total holdings.
Biden seen issuing crypto oversight exec order next week
President of the United States Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide strategy to regulate digital assets.
Bitcoin price continues to decline due to tensions between Russia and Ukraine
Immediately after Russian news reported on the shooting in Eastern Ukraine, the price of Bitcoin dropped rapidly overnight.
Data from TradingView shows that the crypto market was hit with a wave of selling beginning near midday on Feb. 17 that dropped BTC to a daily low of $40,743 before bulls bid the price back above $41,000.
DCG leads $205M growth fund for The Graph
Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications.
The ecosystem fund was financed by Digital Currency Group, Multicoin Capital, Reciprocal Ventures, Gumi Cryptos Capital, NCG and HashKey. The fund’s stated purpose is to accelerate the growth and development of key projects in The Graph’s ecosystem.
Web 3 Category Update
Leading the Web3 category and the Top Gainer on ONUS is DIA, a blockchain-based project created with the aim of becoming a “Wikipedia of Financial Data”.
DIA has gained 45.7% after 24h with a trading volume of 61 million USD, 8 times higher than the average trading volume of the previous 10 days. Meanwhile, most other Web3 tokens are simultaneously losing value such as NEAR (down 2.51%), FLUX (down 5.4%), STORJI (down 6.05%),…
SHIBA INU and 50 other crypto transactions supported via MasterCard innovation for UK users
The GBP-native, cryptocurrency-to-fiat MasterCard debit card powered by CoinJar and EML payments will now allow U.K. customers to make purchases by instantly converting cryptocurrencies, including SHIBA INU, Bitcoin, Ethereum, XRP and several others, into fiat currency, everywhere MasterCard is accepted.