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Weekly Projects to Watch
Top risers by Coinrank
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- Harmony ($ONE) ⬆️ 3%
- IOST ($IOST) ⬆️ 3%
- JUNO ($JUNO) ⬆️ 2%
- Chiliz ($CHZ) ⬆️ 1%
Top risers by Dev Rank
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- Holo ($HOT) ⬆️ 7%
- XRP ($XRP) ⬆️ 7%
- Uniswap ($UNI) ⬆️ 3%
- Oasis Network ($ROSE) ⬆️ 2%
Top risers by Social Rank
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- Arweave ($AR) ⬆️ 1%
- Quant ($QNT) ⬆️ 0%
- Radix ($XRD) ⬆️ 0%
- OMG Network ($OMG) ⬆️ 0%
Top small cap risers by Coinrank
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- Staked Kuji ($SKUJI) ⬆️ 218%
- DefiVille Island ($ISLA) ⬆️ 109%
- MASQ ($MASQ) ⬆️ 84%
- Omni Real Estate Token ($ORT) ⬆️ 78%
Top News This Week
Coinbase Got Sued for Selling 79 Unregistered Crypto Securities
There was a class-action lawsuit filed against the Coinbase cryptocurrency exchange, where it alleged that the platform let customers trade 79 cryptocurrencies that are unregistered securities, some of which included XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB).
Specifically, Christopher Underwood, Louis Oberlander, and Henry Rodriguez alleged that from the span of October 8, 2019, to the present, Coinbase let customers buy as well as sell 79 different cryptocurrencies without disclosing that they are securities. They also added that these crypto securities are not registered with the U.S. Securities and Exchange Commission (SEC) or any state regulators.
Cardano Developers Proposed to Increase the Plutus Script Memory and Coinbase Expanded Staking Offerings to Include Cardano
The developer behind Cardano, Input Output, put forward a proposal that would increase the limit of the memory units per block for the blockchain's Plutus scripts from 56 million to 62 million. This change would, in turn, boost the network's capacity, and developers would be able to make use of this extra memory by running more sophisticated scripts.
Coinbase also expanded its staking offerings to include Cardano, where the current estimated annual return for ADA staking on Coinbase is around the 3.75% APY point. This aligned well with Coinbase's plans towards continuing to scale their staking portfolio throughout 2022.
Bored Ape Yacht Club Creator Raised $450M, and Gamestop NFT Marketplace Went Live
Yuga Labs, which is the company behind the Bored Ape Yacht Club NFT collection, has secured a large funding round of $450 million, where Andreessen Horowitz led the round. This fund is intended to power the open Metaverse platform that Yuga Labs aims to create, known as "Otherside," and the company is now valued at $4 billion.
Other contributors included Animoca Brands, Coinbase, and MoonPay. Furthermore, the beta version of GameStop's NFT marketplace went live, and it is powered by the Loopring (LRC) protocol designed for powering decentralized cryptocurrency exchanges.
Crypto.com became the official sponsor for the FIFA World Cup in Qatar in 2022
The cryptocurrency exchange known as Crypto.com has carried on towards expanding its sponsorship deals within the sports industry. This exchange joined the list of sponsors for the 2022 FIFA World Cup, which will be held in Qatar later on throughout 2022. Crypto.com will also be the exclusive crypto trading platform for the FIFA event, and it is one of the most popular global exchanges with over 10 million customers. This sponsorship will drive significant awareness across the globe in regard to the cryptocurrency trading platform by utilizing brand exposure at the world’s most popular sporting event.
The Cryptocurrency Investor Katie Haun Raised $1.5 Billion
Katie Haun, a well-known cryptocurrency investor, has raised $1.5 billion for her new firm after a surprise departure from Andreessen Horowitz throughout the previous year. This became the largest initial fund that has ever been raised by a solo female founding partner, according to Pitchbook.
Furthermore, Katie Haun said that "It feels, honestly, like a lot of pressure. But I think that motivates everyone on the team. Web3 is the new era of the internet, and it deserves a new era of investors."
El Salvador Asked for Support From Binance for the Implementation of Bitcoin as a Legal Tender
El Salvador sought support from one of the largest cryptocurrency exchanges, Binance, for the implementation of the Bitcoin (BTC) cryptocurrency token as legal tender, as well as for the issuance of Bitcoin bonds.
The Binance Chief Executive Officer, Changpeng Zhao, praised El Salvador for taking on a pioneering role in the adoption of Bitcoin (BTC). He said that President Nayib Bukele would be remembered in "heroic" terms for its bold bet on the future of payments.
Fresh Content From the Team
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The Stack Team
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