SHIB spikes 10% as whale buys 4 trillion SHIB
According to Whale Stats, SHIBA INU ranks as the most traded and biggest hodling token among the top 1,000 ETH wallets. An Ethereum whale added four trillion SHIB tokens worth nearly $136 million in the past 24 hours.
SHIBA INU has witnessed a growth of 10.02% in the past 24 hours. The meme coin is currently trading at $0.0000324 with a trading volume of approximately $2 billion.
Dubai World Trade Center becomes crypto zone and regulator
Dubai authorities have declared that the Dubai World Trade Center (DWTC) will soon become a comprehensive zone and regulator for digital assets.
DWTC will collaborate with the private sector and relevant entities in Dubai to enforce rigorous standards for investor protection, Anti Money Laundering (AML), Combating the Financing of Terrorism (CFT) compliance and cross border deal flow tracing.
Ethereum launches Kintsugi testnet to prepare for merge
Ethereum Foundation member Tim Beiko posted today that the Kintsugi testnet is now live. Kintsugi helps prepare for Ethereum 2.0’s “merge.”
The merge will combine Ethereum’s current mainnet, which handles transactions, with Ethereum 2.0’s beacon chain, which handles staking. If successful, this will replace Ethereum’s Proof-of-Work consensus mechanism with Proof-of-Stake, effectively ending the energy-intensive process of mining.
BitGo supports Avalanche as institutional interest in it grows
Cryptocurrency custody firm BitGo has revealed it will support the native token of the Avalanche network, AVAX, as institutional interest in it keeps on growing. The move will allow BitGo clients including exchange Bitstamp and Bitbuy to offer AVAX to their users.
SHIBA INU becomes third most-used token on Ethereum over last 7 days
The meme-inspired cryptocurrency SHIBA INU (SHIB) has become the third most used token on the Ethereum network after only two major stablecoins, USDT and USDC, as holders are becoming more active, even amid negative price action.
According to data from Ethereum blockchain explorer Etherscan, SHIBA INU had over 78,000 unique users over the last 7 days, while Tether’s USDT had 485,900 and the Centre Consortium’s USDC had 232,300.
Elrond Network integrated with The Exodus Wallet
Exodus is one of the most popular non-custodial crypto wallets, with more than 1.25M+ users worldwide. It is available on both mobile and desktop, and has recently integrated with the Elrond Network to provide its users direct access to native EGLD.
Internet vs. crypto adoption chart predicts 1 billion users by 2027
Crypto influencer Lark Davies tweeted a chart showing internet and crypto adoption rates. It’s predicted that there will be 1 billion crypto users by 2026 and 2027. That’s a fivefold increase from current estimates of around 200 million crypto users.
Bitcoin (BTC) miners unspent supply nears ATH
Despite crypto market’s ongoing bear, Bitcoin miners have continued to keep their BTC. According to Glassnode’s latest data, Bitcoin miner’s unspent supply is only 500 BTC lower than the All-Time-High (ATH).
Ethereum fees have grown 10-fold since Q4 2020
The amount paid to use Ethereum has skyrocketed in 2021. The total amount of ETH paid in fees has grown by over 10 times from $430M in Q4 2020 to $4.8B so far in Q4 2021.
Such fees highlight the high demand and willingness to pay to use the Ethereum blockchain.
Terra becomes second-biggest DeFi platform
LUNA continued to break its own record at $78.36 on Dec.7, to set a new ATH at $81.28 on Dec.20. LUNA is currently trading at $79.64.
Terra (LUNA) has surpassed Binance Smart Chain (BSC), Solana (SOL) and Avalanche (AVAX) to become the second-largest DeFi blockchain in the market, with a total value locked (TVL) reaching 17.26 billion USD.