• Due to numerous amount of crypto regulations and fud last last weeks ago
We have seen different prices of stable coins.
Following the declines in $USDC and $BUSD due to recent de-pegging and regulatory
crackdowns, the market share of $USDT stablecoin hit 60.8%, its highest level since May 2021.
Today April 10, 2023, current price of USDT at $1.00 , USDC at $0.997 & BUSD at $0.9999
USDT still wins this time.
• Mt. Gox was a defunct bitcoin exchange that had filed for bankruptcy in 2014 after losing hundreds of thousands of bitcoins in a hack. Mt. Gox had sn cutoff last 2021. The exchange was based in Japan and was one of the largest bitcoin exchanges at the time of its collapse.
The deadline for Mt. Gox creditors to choose their mode of payment is today, which might mark
the beginning of the $BTC liquidation for those who choose cash.
• Before to the introduction of Shibarium’s mainnet, Puppynet, the $SHIB Testnet, had a sharp increase in activity, hitting 1 million transactions in more than a week.Image from Analytics Insight.
• Euler Protocol announced the recovery of hacked funds, marking it one of the largest recoveries in DeFi history. A great news indeed.
• Gem v2 is now OpenSea Pro, an NFT aggregator platform with 0% fees for OpenSea listings.
OpenSea Pro is a professional-grade version of the OpenSea marketplace for buying and selling
non-fungible tokens (NFTs). OpenSea is one of the largest and most popular NFT marketplaces,
where users can buy, sell, and discover a wide range of digital assets such as artwork, game
items, collectibles, and more.
• dYdX private Testnet went live, starting its plans to decentralize the exchange on Cosmos
Recently, dYdX launched its private Testnet, which is the first step in the exchange’s plans to
decentralize its operations on the Cosmos network. The Testnet allows developers to test the
new platform and its features before it is released to the public.
The decentralized architecture of the Cosmos network will allow dYdX to improve the speed,
scalability, and security of its platform, while also reducing costs and improving user experience.
The launch of the private Testnet is a significant milestone in the dYdX team’s efforts to bring a
more decentralized and user-friendly trading experience to the cryptocurrency market.
• Otherside Relics, Gucci’s NFT collection in partnership with Yuga Labs, goes live today at a starting price of 450 $APE for eligible users.
Gucci, the luxury fashion brand, has partnered with Yuga Labs to create its own NFT
collection called “Gucci Aria”. The collection features a series of unique digital items,
including wearables and accessories, inspired by the brand’s latest fashion show.
• $DOGE surges as Twitter’s logo is changed to its famous Shiba Inu image
In early April 2023, Twitter changed its logo to feature the famous Shiba Inu dog, the mascot of
the popular cryptocurrency Dogecoin. This move generated excitement and speculation among
Dogecoin enthusiasts, as they saw it as a sign of growing mainstream acceptance and adoption
of the cryptocurrency.
Dogecoin is a decentralized, peer-to-peer cryptocurrency that was created as a joke in 2013 but
has since gained a large and dedicated following. The currency’s popularity is largely due to its
viral meme status and the support of high-profile figures like Elon Musk.
• Ledger, one of the leading hardware wallets, raised $109M at a $1.4B valuation.
The Ledger wallets work by generating and storing the private keys of the user’s
cryptocurrencies in the device, which is then protected by a PIN code or password. Transactions
can only be initiated by physically connecting the device to a computer or mobile device and
confirming the transaction details on the device itself.
• Bittrex exchange to shut down operations in the U.S. due to regulatory concerns.
Bittrex has faced some regulatory challenges in the past, particularly in the United States. In
2019, the New York State Department of Financial Services (NYDFS) denied Bittrex’s application
for a BitLicense, citing concerns about the exchange’s compliance and anti-money laundering
policies.
Concluding Notes:
• Eventhough cryptocurrency stablecoins are depegging(not stable at $1). Cryptocurrency market is still in strong condition.
• Even Mt. Gox which shutdowns they still give chance to their creditors.
• Memecoins Shiba and Doge are making the heat last week.
• A great news indeed in cryptocurrency market, one of the largest recovery from hack.
• Opensea Pro has been launch take note it is not under US government and full decentralized
• Gucci NFT had been created, with the help of Yuga labs that has a base price of 450 $APE.
• Ledger wallet raises a $109M at a $1.4B valuation, another mass adoptation from users?
• Sad news from Bittrex, operation in US fully shutdown.
