One of the world’s biggest tennis tournaments – the Australian Open (AO) – is entering both the NFT and Metaverse side of the cryptocurrency industry. This year's championship will also be held in Decentraland, the leading virtual reality platform. At the same time, fans will be able to participate further by buying non-fungible tokens linked to live match data.
PayPal Works On Its Own Stablecoin
PayPal (PYPL) is looking into launching its own stablecoin as the company grows its crypto business. The payments giant confirmed the news after Bloomberg found evidence of code for a "PayPal Coin" in its app. The company's existing support for cryptocurrencies is limited to Bitcoin, Bitcoin Cash, Litecoin, and Ethereum
Bitcoin Whales Are Increasingly Buying Despite BTC On The Verge Of Sinking Below $40k
According to the analytical website BitInfoCharts, the third-largest Bitcoin address, has purchased 456 BTC this week. The total purchase is worth around $20 million, as the asset's price went $42,000. It marked the first significant Bitcoin purchase of the year by the whale as a purchase of six Bitcoins had been recorded on the account at the start of the year.
Total Value of ETH in 2.0 Deposit Contract Hits to an ATH of 8.9 Million ETH
According to on-chain data from crypto analytics platform Glassnode, the total value in the ETH 2.0 deposit contract has reached an all-time high of 8,965,186 ETH.
Ethereum's Dominance in DeFi Is Falling
Ethereum is undoubtedly the leading blockchain in DeFi, but analysts at JPMorgan note that Ethereum's dominance in the field is declining. According to analysts, the rise of other smart contract-enabled protocols, such as Avalanche, is proof that Ethereum's leadership is not absolute at DeFi.
Former Goldman Sachs Executive Estimates Crypto Market Will Reach $250 Trillion Within A Decade
As published by The Daily Hodl, Raoul Pal said, if I take the derivatives market, it is worth $1 quadrillion. I believe there is a good potential that this asset class will rise to $250 trillion, or 100 times its current size, which would be the fastest expansion of any asset class in history.
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