Meta is preparing to launch a feature that will allow users to view NFTs on several networks within the Instagram platform, including Ethereum and Polygon, according to a report that has not yet been officially verified. The support announcement is expected Monday.
Tron DAO Reserve Purchases TRX
Tron DAO purchased 504,600,250 TRX for $38,993 million as part of its USDD stablecoin reserves. USDD stablecoin's current supply doubled to over $200 million in less than 48 hours. On the chain, Tron currently performs more than 4.7 million transactions in a single day.
Mothers Turn to Cryptocurrency Space
Mothers are investing in the cryptocurrency space to educate themselves digitally, according to a report published by NBC News. Most of the mother investors interviewed claimed to be interested in cryptocurrencies as a way to meaningfully change their families' financial security.
Google Cloud Forms Web3 Team
Google's Cloud unit is building a team to build services for developers running blockchain applications as the company tries to leverage the growing popularity of cryptocurrencies and related projects.
USDD Went Live, Here's How TRX Reacted
Tron recently followed in the Terra Foundation's footsteps and announced the launch of its decentralized stablecoin, the USDD. At the same time, the team said, they would create a $10 billion reserve for stablecoin, which is expected to increase by $1 billion this month from venture capitalists and institutional investors.
TVL in DeFi Protocols 17% Lower Over the Last 30 Days!
Decentralized finance (DeFi) protocols have lost a lot of value last month, as 17.77% of TVL has been cut in DeFi since April 8, 2022. Aave's TVL, which is large in TVL size, lost 21.12% last month.
Terra Lost its UST Peg, LUNA Plunges 14%
On Saturday, Terra lost its peg for a short time after someone dumped $300 million worth of UST tokens. DeFi expert Route 2 Fi believes the stabilizer will be restored, as there is “enough money” in the system to back it up. Terra's co-founder, Do Kwon, dismissed these concerns on Twitter, claiming he “loves chaos.”
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.