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Crypto is changing how humanitarian agencies deliver aid and services

Hi there! Welcome to the weekly digest brought to you by the Good Crypto team. We know how important it is to be well-informed about the latest developments in the niche, so we have brought together the past week’s most exciting events. Below you will find the hottest news, the newest exchange listings, and even memes to cheer you up. If you want to get these updates as soon as we post them, follow us on Twitter or Telegram.

Weekly Market Summary

By putting Terra’s fresh new coin, also known as LUNA, on crypto trading platforms, traders show early support signals for the network’s  resuscitation.

On Wednesday, the HitBTC exchange announced on Twitter that Terra’s new chain token Luna would be accessible on its platform on May 27.

The announcement comes as Terraform Labs prepares to relaunch its protocol on May 27 and replace the existing Terra Classic chain with the new Terra, or Terra 2.0, chain. Terraform Labs claimed on May 23 that the new chain would not be a fork because it will be built from the genesis block and will not share Terra Classic’s history.

A member of the Proof Collective got duped and lost 29 very expensive Ethereum-based Moonbird NFTs worth $1.5 million after opening a malicious link supplied by a fraudster, according to a tweet by Cirrus on Wednesday morning.

Dollar, a Twitter celebrity and NFT owner, said that the alleged perpetrator has already been half-doxed by a crypto exchange. Proof Collective and its members are presently working on a complete report to the FBI.

Quick weekly news:

Other notable events include:

  • A Korean watchdog begins its risk evaluation of cryptocurrency as Terra 2.0 is approved
  • Uniswap has surpassed $1 trillion in volume

A Korean watchdog begins its risk evaluation of cryptocurrency as Terra 2.0 is approved

Korea’s Financial Supervisory Service (FSS) has indicated that it would standardize how virtual asset risk is assessed.

Due to various ways of quantifying risk for each virtual asset exchange, it is currently challenging to protect investors. While the FSS’s standardization efforts are still in their early stages, once a legal framework for virtual assets has been developed, a standard assessment mechanism for all exchanges is planned.

Stablenode’s COO Doo Wan Nam tweeted on Wednesday that representatives from Korean exchanges and authorities met at the Korean National Assembly building to discuss the Terra LUNA and UST concerns. According to the Doo, the exchanges stated that the situation was unfavourable and that they would do everything necessary to protect traders on their platforms.

Uniswap has surpassed $1 trillion in volume

Since its introduction on Ethereum in late 2018, the decentralized exchange (DEX) Uniswap has surpassed $1 trillion in total trading volume.

However, this is limited to a small user base, indicating that there is much room for expansion. After little over three years, the DEX’s number of cumulative addresses reached roughly 3.9 million this month, according to statistics from Uniswap Labs, a significant contributor to the protocol’s and ecosystem’s growth.

On Tuesday, the Uniswap Labs team shared the statistics through Twitter, adding that: “Over the past three years, the Protocol has Onboarded millions of users to the world of decentralized finance (DeFi), Introduced fair and permissionless trading, Lowered the barrier to liquidity provision.”

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  • Spot trading: Bitcoin (BTC) remained the top dog in spot trading last week, with Cardano (ADA) climbing to second place. JasmyCoin (JASMY) and NEAR Protocol (NEAR) returned to our top in third and fourth places. Not surprisingly, TerraUSD (UST) was last as expected following the Luna disaster.
    Ethereum (ETH) is missing from the spot trading list for the first time. Is ETHs absence a one-off, or can we presume this to be a new trend?

  • Derivatives: Bitcoin (BTC) and Theta Network (THETA) were in their top spots the previous week. Surprisingly Decentraland (MANA) came in third place instead of fifth. TRON (TRX) and Cardano (ADA) occupied the two last positions.
    And again, a big gaping hole where Ethereum (ETH) once stood in the derivatives top for the last week.

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New Listings on Binance:
– Ellipsis (EPX/BUSD EPX/USDT)

New Listings on Coinbase Pro:
– Flow (FLOW/USD FLOW/USDT)

New Listings on Kraken:
– SuperFarm (SUPER/USD SUPER/EUR)
– Radicle (RAD/USD RAD/EUR)
– Civic (CVC/USD CVC/EUR)

New Listings on KuCoin:
– Pikaster (MLS/USDT)
– MOBOX (MBOX/BTC MBOX/USDT)
– Secret (SCRT/BTC SCRT/USDT)
– Alchemy Pay (ACH/USDT)

By the way, the Good Crypto PRO plan includes new Exchange Listing alerts for more than 30 exchanges. So become a PRO and receive an instant notification when a new coin is listed on the exchanges you’re interested in.

Start Free Trial 

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Crypto Doggy tokens are 10,000 non-fungible, pixelated, generative tokens (NFTs). Dog avatars with various qualities, such as dog kinds, colour schemes, eye blinking, tongue stretching, and dog accessories like spectacles, scarves, and hats, are included in these NFTs. These qualities determine the scarcity and price of these Crypto Doggy NFTs.

The overall amount of DOGGY tokens is limited to 5 billion, and every 100,000 DOGGY spent purchasing the NFT in BakerySwap is burnt, limiting the token supply. DOGGY token holders can also stake to get rewards.

🔍 DYOR

Website
Twitter

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Solana is an open-source project that uses the permissionless aspect of blockchain technology to create decentralized financial (DeFi) solutions.

The proof-of-history (PoH) consensus created by Anatoly Yakovenko is one of the most critical improvements Solana brings to the table. In addition, this idea provides for higher protocol scalability, which improves usability.

Solana’s hybrid protocol enables substantially faster transaction and smart contract execution validation. Solana has also gained much institutional attention because of its lightning-fast processing rates.

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We have prepared for you the top-performing coins as of
May 26!

TerraUSD has managed to become the best performing asset among the TOP-100, gaining 27.86% within the last 24 hours.

Kusama was the worst-performing asset among the TOP-100, losing 15.55% within the last 24 hours.

Top Crypto Meme of the Week

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We hope this digest was valuable and informative for you! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter or Telegram. Become a better trader with the Good Crypto App!

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May 26, 2022

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