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Weekly News

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST. Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem,…

Continue ReadingLuna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

The S&P 500 and Nasdaq see substantial losses on the day as Fed-induced gains evaporate. Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May…

Continue ReadingBitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’

Solana and Moonbirds help NFT market reach $6.3B monthly trading volume: Report

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month. Solana and Moonbirds came to the rescue…

Continue ReadingSolana and Moonbirds help NFT market reach $6.3B monthly trading volume: Report

Mixing reality with the Metaverse: Fashion icon Phillip Plein goes crypto

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

How can fashion and crypto mix in a practical yet innovative way so that even Phillip Plein’s mother can understand crypto and NFTs? In an attempt to bring the fashion…

Continue ReadingMixing reality with the Metaverse: Fashion icon Phillip Plein goes crypto

Number goes up: A third of Brits have bought crypto, says Coinbase report

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

A Qualtrics report carried out by Coinbase shows that the number of Brits who have bought crypto is up 4% to 33% since October 2021. Bitcoin (BTC) number go up technology is…

Continue ReadingNumber goes up: A third of Brits have bought crypto, says Coinbase report

Avalanche rebounds 25% in five days as AVAX price tests key level — Big rally ahead?

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high. Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as…

Continue ReadingAvalanche rebounds 25% in five days as AVAX price tests key level — Big rally ahead?

Binance commits $500M to co-invest in Twitter with Elon Musk

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. Major crypto exchange Binance has participated in Elon…

Continue ReadingBinance commits $500M to co-invest in Twitter with Elon Musk
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