The total value locked or TVL within the Terra blockchain marked a new all-time high, surpassing $22.700 billion currently. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Crypto investors create a DAO to acquire a Subway franchise and other fast food restaurants. At present, FriesDAO, an autonomous organization created to decentralize fast food businesses and promote collective governance, has raised $5,4 million to buy a franchise of the famous American sandwich chain Subway. DAO It also targets other mega fast-food businesses, such as Wendy's and McDonald's, where investors will be able to have a say in how they are run.
However, the DAO clarifies that its native token, FRIES, used to raise the funds, does not grant ownership rights over the acquired franchises or the profits of the business, in compliance with current securities laws in the United States.
NFT and DeFi Markets
📍Liquidity deposited within the Terra blockchain is at new all-time highs. The total value locked or TVL within Terra exceeds 22.700 million Currently, according to data from the monitoring platform DeFi Llama. Over the past month, TVL on this blockchain has grown by nearly 30%, making Anchor the decentralized lending protocol with the most liquidity deposited on Terra so far.
Source: DeFi Llama
LUNA, the native token of the Terra network, is dominating the market with a 23% increase in its value in the last few hours and 75% in the last 7 days. At the time of this writing, LUNA is trading at around $87 per unit.
Metaverses and Play to Earn Games
📍The South Korean government joins the Metaverse trend. South Korea's Ministry of Information and Communications Technology, Science and Future Planning plans to create its own metaverse. According to a release According to a recent report, the Ministry will allocate 223.700 billion Korean won, equivalent to 186,7 million dollars, to create a new virtual world to promote the development of emerging technologies and the growth of technology companies related to the virtual world.
Cryptocurrencies
📍Over 1,9 million ETH have been burned since the hard fork London on Ethereum. The total of Ethereum (ETH) burned to date, since the activation of EIP-1559 in the update London, is 1.929.086,4 ETH, with a value equivalent to approximately 4.240 billion dollars, according to the data from OKlink.
CBDC and Central Banks
📍Mexico could develop its own CBDC digital currency, with the help of private banks. Daniel Becker, president of the Mexican Banking Association, offered his help to the president of the Central Bank of Mexico (Banxico), Victoria Rodríguez Ceja, in the design and development of her own digital currency. According to the report According to Forbes, Becker believes that the issuance of a CBDC could make the current Mexican financial system more robust and efficient.
Becker's proposal comes a few days after Mexican Senator Indira Kempis Martínez will announce which will present a bill to regulate the use and investment of Bitcoin in the country, aiming at technological development and greater financial inclusion.
Rules and Regulations
📍In New York, Bitlicense requirements prohibit residents from trading the city coin NYCCoin, created for the city. Although city coins are not digital currencies issued or backed by the governments of the cities for which they are created, they were born as a means to empower citizens over the development and future of their cities. However, in New York, citizens and residents cannot operate with the digital currency that the City Coin project has created for them, the NYCCoin. According to a report According to Bloomberg, New Yorkers are prohibited from buying or selling the cryptocurrency, due to Bitlicense requirements.
The creators of City Coin reported that the NYCCoin cryptocurrency, based on Bitcoin's Stacks protocol, was developed based on New York Mayor Eric Adams' promise to make the city a crypto-friendly environment.
📍Cryptocurrency donations to Ukraine exceed $22 million Donations received by the Ukrainian government, its army and other charitable organizations exceed 22 million dollars, according to figures revealed by several entities. exchange Crypto Kuna claimed that it has received a total of $13 million in donations with crypto assets, while the Bitcoin address from the NGO Come Back Alive shows a total received balance of 192,22 BTC, valued at over $7,9 million currently. Another crypto fund called Unchain Fund has raised 1,8 million through different cryptocurrencies. The Bitcoin mining group Braiins donated 10 BTC to the country, worth around $413.000 today.
The Ukrainian government is also publicly appealing for relief funds via social media while the deputy prime minister is asking cryptocurrency exchanges to freeze accounts associated with the Russian government. The United States and the European Union are taking measures to restrict the global operations of Russian banks by removing them from the SWIFT messaging system.
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