Hebdo Crypto # 193 – News of the week on Bitcoin and cryptocurrencies

The week of 05/09 at a glance – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily flow of information and that important points are missed. This format is there to remedy. Let’s go back tonews of last week L’Crypto Weekly to keep you informed about the current situation of cryptocurrencies.

Cryptocurrency News in Brief

Instagram succumbs to NFT fever. Therefore, the social network has launched a pilot program aimed at integrating NFTs from the Ethereum, Solana, Polygon and Flow blockchains. This started with a handful of US-based NFT enthusiasts and is expected to open up gradually.

Uniswap faces collective action. Indeed, an American has filed a class action suit against Uniswap and its investors, claiming that Uniswap was responsible for its losses after investing in more than questionable cryptocurrencies.

The decentralized exchange dYdX announces the release of its IOS application. This aims to increase adoption of the platform and DeFi as a whole.

The Terra Luna Protocol has fallen into a death spiral. Therefore, the protocol stablecoin, the FSO, has moved away from the dollar. The repercussions on the FSO and then on the LUNA were dramatic. So well, the protocol is unlikely to recover.

After the FSO, it is the USDT that moves away from the dollar. Indeed, Tether’s USDT has also seen its price move away from the dollar. An extremely dangerous situation for the entire crypto ecosystem.

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

>> Tired of losing your nuggets? Come potential customer on Kucoin! (affiliate link) <

The 5 metrics of the week

$ 1.5 millionthis is the sales record recorded by another act of the NFT. These NFTs come from the latest collection unveiled by the giant Yuga Labs. In practice, however, these NFTs have an average price of around 2 ETH, or $ 4,000.

1.33 billion dollarsthis is the income received by miners from the Ethereum network in April. At the same time, the BTC miners received $ 1.16 billion.

Revenue of Ethereum miners

$ 30,000this is the resistance that Bitcoin has failed to withstand. Therefore, activity continued to decline, taking the rest of the market with it. The latter has since experienced a small recovery, but this may only be short-lived.

65 billion dollars, is the decline in TVL recorded by the DeFi ecosystem. So, alongside the general market decline, DeFi was not left behind.

The news of the week on the crypto weekly: the fall of TVL DeFi

215,000and the new ATH for the number of daily transactions recorded on the second level of optimism. As a result, it has seen an impressive increase in usage, doubling the number of daily transactions overnight.

hebdo-crypto: new ATH for the number of daily transactions recorded on the second Optimism level

Tweet of the week

Binance announce the withdrawal of LUNA and UST tokens on its trading platform.

Have a good week in the Journal du Coin! 🙂

Do you want to generate passive income? Automate your orders with the Kucoin Trading Bot. Easily create your own strategy or copy those of the best traders on the platform. All you have to do is enjoy your free time away from your screens. What are you waiting for? Register (affiliate link)?

Leave a Comment