Hebdo Crypto #193 – Bitcoin & Crypto News of the Week

Briefly about the week 09.05. News about bitcoin and cryptocurrencies is constantly boiling. It can happen that important information gets lost in the daily information flow and you miss important moments. This format is meant to fix that. We return to last week’s Hebdo Crypto news to keep you up to date with the current situation with cryptocurrencies.

Briefly about the news of cryptography

▶ Instagram succumbs to the NFT fever. Thus, the social network launched a pilot program aimed at integrating NFTs from the Ethereum, Solana, Polygon and Flow blockchains. It started with a handful of US NFT fans and should gradually open up.

▶ Class-action lawsuit filed against Uniswap. Indeed, the American has filed a class action lawsuit against Uniswap and its investors, alleging that Uniswap is liable for its losses after investing in more than dubious cryptocurrencies.

▶ Decentralized exchange dYdX announces the release of its iOS app. This aims to increase the adoption of the platform, as well as DeFi in general.

▶ The Terra Luna Protocol is in a death spiral. Thus, the protocol stablecoin UST moved away from the dollar. The consequences for UST and then for LUNA were dramatic. So good that it is unlikely that the protocol can be restored.

▶ After UST, USDT moves away from the dollar. Indeed, the price of USDT Tether has also moved away from the dollar. An extremely dangerous situation for the entire crypto ecosystem.

▶ This week, Benoit hosted PolkaFrance to discuss the Polkadot and Kusama ecosystems.

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5 indicators of the week

➤ $1.5 million is a sales record held by NFT Otherdeed. These NFTs are from the latest collection presented by giant Yuga Labs. In practice, however, these NFTs have an average price of around 2 ETH or $4,000.

➤ $1.33 billion is the revenue generated by miners on the Ethereum network in April. At the same time, BTC miners received $1.16 billion.

Ethereum miner income

➤ $30,000 is the resistance that Bitcoin has been unable to hold. Thus, the asset continued to fall, dragging the rest of the market with it. The latter has since recorded a slight recovery, but it may not be long-lived.

➤ $65 billion is the drop in TVL recorded by the DeFi ecosystem. So, along with the general market downturn, DeFi has not been left behind.

Weekly-crypto News of the Week: TVL DeFi Falls

➤ 215,000 is the new ATH for the number of daily transactions recorded at the second level of optimism. As such, it experienced an impressive growth in usage, doubling the number of daily transactions overnight.

hebdo-crypto: new ATH for the number of daily transactions registered at the second level Optimism

Tweet of the week

Binance announces the withdrawal of LUNA and UST tokens from its exchange platform.

Have a great week at Journal du Coin! 🙂

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