Daily Market Wrap
Crypto market cap: 1.95 trillion, down 1.84%
BTC price stands at USD 42,036, down 1.76%
ETH price stands at USD 3,181, down 2.28%
Top gainer: Kyber Network Crystal v2 (KNC), up 16.13%
Top loser: Waves (WAVES), down 10.10%
News of the Day
Why it matters:
Meta Platforms Inc. had earlier said they will put a $50 million investment in global research and program partners to ensure their metaverse are developed responsibly
SEC comments on the metaverse project proposal first filed in December 2021 by activist investor firm Arjuna Capital LLC is “transcends typical business”
A Meta spokesperson declined to comment on the SEC’s decision and said they will value the views of their investors and regularly engage with them to get their perspective
Crypto daily spotlight
Brief introduction: Anchor Protocol is a decentralized savings protocol offering low-volatile yields on Terra stablecoin deposits. It offers lucrative nearly 20% APY of passive income opportunities for depositors and provides borrowers easy access to collateral-backed stablecoin loans.
Why it matters:
In order to offer stable yields for Anchor, it needs to onboard multiple yield-bearing liquid-staked PoS assets as collateral
bATOM is the wrapped version of stkATOM on the Terra blockchain. All holders of bATOM (uncollateralized) on Anchor will be able to claim their staking rewards in the form of UST
This is the 4th collateral asset available on Anchor Protocol that would result in a more robust system.
Daily sector tracker
Daily sector tracker
Daily News Roundup
NEAR Protocol Is Reportedly Planning to Launch Its Native Stablecoin USN This Month https://bit.ly/36YxaNd
Strike Announced Partnerships With Shopify For E-commerce Integration https://bit.ly/3v36jr7
Adobe Will Position It Brands to Succeed in The Metaverse https://bit.ly/3uresGF
Twitter Fraudsters Hack Verified Accounts to Give Out A Fake Azuki NFT Airdrop https://bit.ly/3urujoT
Tencent-backed PayMaya Launched Crypto Feature on Its App https://bit.ly/3E5Q2FZ
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