Pan-African CEX Mara has raised $23M in funding
The funding round was led by Coinbase Ventures, Alameda Research, Mechanism Capital, Hashkey, and more. Mara plans to invest in a suite of products targeting Nigeria and Kenya, Africa’s two largest countries.
👉 coindesk.com/business/2022/05/11/mara-raises-23m-from-coinbase-alameda-to-spread-crypto-adoption-across-africa/
The funding round was led by Coinbase Ventures, Alameda Research, Mechanism Capital, Hashkey, and more. Mara plans to invest in a suite of products targeting Nigeria and Kenya, Africa’s two largest countries.
👉 coindesk.com/business/2022/05/11/mara-raises-23m-from-coinbase-alameda-to-spread-crypto-adoption-across-africa/
Chelsea FC inks £20M sponsorship deal with crypto firm WhaleFin
Chelsea Football Club is the latest in sports to onboard a cryptocurrency sponsor.
👉 financemagnates.com/cryptocurrency/news/chelsea-fc-inks-20m-sponsorship-deal-with-crypto-firm-whalefin/
Chelsea Football Club is the latest in sports to onboard a cryptocurrency sponsor.
👉 financemagnates.com/cryptocurrency/news/chelsea-fc-inks-20m-sponsorship-deal-with-crypto-firm-whalefin/
Terra to burn $1.4B UST and stake 240M LUNA
The Terra rescue story continues. In summary, Terra team hopes that expanding the base pool for the coin and burning more should save UST.
👉 cointelegraph.com/news/terra-to-burn-1-4b-ust-and-stake-240m-luna-to-stop-the-bleeding
The Terra rescue story continues. In summary, Terra team hopes that expanding the base pool for the coin and burning more should save UST.
👉 cointelegraph.com/news/terra-to-burn-1-4b-ust-and-stake-240m-luna-to-stop-the-bleeding
JUMBO TO BE LISTED ON HUOBI GLOBAL
Huobi Global will list Jumbo $JUMBO in the Pioneer Zone on May 12, when the deposit volume meets the demand of market trading.
👉 huobi.com/support/en-us/detail/64906664767688
Huobi Global will list Jumbo $JUMBO in the Pioneer Zone on May 12, when the deposit volume meets the demand of market trading.
👉 huobi.com/support/en-us/detail/64906664767688
CRYPTOMARKET DAILY OVERVIEW
Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price decreased by 9.9% and lost 27.7% in the last 7 days
🔹 Alien Worlds $TLM fell by 48.4% and led the Top NFT Price Losers Rank
🔹 Terra $LUNA lost 96.0% and took 1st place in the Top DeFi Price Losers Rank
Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price decreased by 9.9% and lost 27.7% in the last 7 days
🔹 Alien Worlds $TLM fell by 48.4% and led the Top NFT Price Losers Rank
🔹 Terra $LUNA lost 96.0% and took 1st place in the Top DeFi Price Losers Rank
Anchor Protocol contributors are now voting to cut UST yield from 19.5% to 4%
Anchor depends on UST for its operations, and the failing peg is a major cause of concern. The voting will end on May 18. If the proposal passes, the targeted 4% rate on all UST deposits will be implemented on Anchor.
👉 theblockcrypto.com/linked/146509/anchor-contributors-consider-cutting-ust-yield-to-4-from-19-5
Anchor depends on UST for its operations, and the failing peg is a major cause of concern. The voting will end on May 18. If the proposal passes, the targeted 4% rate on all UST deposits will be implemented on Anchor.
👉 theblockcrypto.com/linked/146509/anchor-contributors-consider-cutting-ust-yield-to-4-from-19-5
BNB CHAIN MARKET WEEKLY OVERVIEW
Within the last week, the following changes on the BNB Chain market occurred:
🔹 BNB Chain Market Cap decreased by $68B down to $254B
🔹 Stepn $GMT fell by 90.3% and led the Coin Losers Rank
🔹 Swipe $SXP heads the Top Gainers by Weekly Trading Volume
🔹 BabySwap $BABY lost 60.1% of its TVL and took 1st place among Weekly TVL Losers
Within the last week, the following changes on the BNB Chain market occurred:
🔹 BNB Chain Market Cap decreased by $68B down to $254B
🔹 Stepn $GMT fell by 90.3% and led the Coin Losers Rank
🔹 Swipe $SXP heads the Top Gainers by Weekly Trading Volume
🔹 BabySwap $BABY lost 60.1% of its TVL and took 1st place among Weekly TVL Losers
Bybit to delist LUNA/BTC spot trading pair on May 12, 15:00 UTC
LUNA/USDT and LUNA/USDC trading pairs are still available on Bybit until otherwise announced. LUNA token lost 99.8% of its price in the last 24 hours and now trading at ~$0.01 per token.
👉 blog.bybit.com/en-US/post/delisting-of-luna-btc-spot-pair-bltde5d9e64e552f956/
LUNA/USDT and LUNA/USDC trading pairs are still available on Bybit until otherwise announced. LUNA token lost 99.8% of its price in the last 24 hours and now trading at ~$0.01 per token.
👉 blog.bybit.com/en-US/post/delisting-of-luna-btc-spot-pair-bltde5d9e64e552f956/
The Terra blockchain was officially halted
Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
👉 twitter.com/terra_money/status/152478505
Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
👉 twitter.com/terra_money/status/152478505
FTX CEO buys 7.6% stake in Robinhood
Sam Bankman-Fried, the billionaire FTX founder and CEO, purchased a total of $648 million in Robinhood shares. Robinhood is a popular online brokerage.
👉 cointelegraph.com/news/robinhood-shares-spike-30-after-sam-bankman-fried-buys-650m-stake
Sam Bankman-Fried, the billionaire FTX founder and CEO, purchased a total of $648 million in Robinhood shares. Robinhood is a popular online brokerage.
👉 cointelegraph.com/news/robinhood-shares-spike-30-after-sam-bankman-fried-buys-650m-stake
CRYPTOMARKET DAILY OVERVIEW
Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price increased by 12.9% and lost 16.5% in the last 7 days
🔹 Crabada $CRA grew by 140% and led the Top NFT Gainers Rank
🔹 Maker $MKR gained 69.2% and took 1st place in the Top DeFi Price Gainers Rank
Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price increased by 12.9% and lost 16.5% in the last 7 days
🔹 Crabada $CRA grew by 140% and led the Top NFT Gainers Rank
🔹 Maker $MKR gained 69.2% and took 1st place in the Top DeFi Price Gainers Rank
The first Polkadot Cross-Chain Connection has been launched between Moonbeam and Acala
With this update, ACA and GLMR, the chains’ base utility tokens, and aUSD, Acala’s decentralized stablecoin, will be freely moved and used in the DeFi ecosystems of both parachains.
👉 moonbeam.network/announcements/cross-chain-connection-moonbeam-acala
With this update, ACA and GLMR, the chains’ base utility tokens, and aUSD, Acala’s decentralized stablecoin, will be freely moved and used in the DeFi ecosystems of both parachains.
👉 moonbeam.network/announcements/cross-chain-connection-moonbeam-acala
Rainmaker Games has partnered with Gods Unchained
Gods Unchained is a turn-based, fantasy card game in the vein of Hearthstone and The Elder Scrolls: Legends. The game's blockchain-based cards are non-fungible tokens, meaning that each card is unique and can be traded on the open market.
👉 twitter.com/RainmakerGaming/status/1523845492047818754
Gods Unchained is a turn-based, fantasy card game in the vein of Hearthstone and The Elder Scrolls: Legends. The game's blockchain-based cards are non-fungible tokens, meaning that each card is unique and can be traded on the open market.
👉 twitter.com/RainmakerGaming/status/1523845492047818754
POLKADOT ECOSYSTEM WEEKLY OVERVIEW
Within the last week, the following changes on the Polkadot market occurred:
🔹 Total Polkadot Market Cap decreased by $11.5B down to $19.5B
🔹 Polkadot $DOT is keeping 1st place in the Top PJTs by 24H Trading Volume and Top Coins by Market Cap
🔹 SpiderDAO $SPDR increased its price by 45.6% and got 1st place in the Top Price Gainers Rank.
Within the last week, the following changes on the Polkadot market occurred:
🔹 Total Polkadot Market Cap decreased by $11.5B down to $19.5B
🔹 Polkadot $DOT is keeping 1st place in the Top PJTs by 24H Trading Volume and Top Coins by Market Cap
🔹 SpiderDAO $SPDR increased its price by 45.6% and got 1st place in the Top Price Gainers Rank.