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Daily Crypto News Dec 17, 2021: Top 3 crypto updates for today

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Despite Bitcoin having a hard time to hold its position in the $50K support zone, there has been an increase in the number of Bitcoin (BTC) whales in the past 10 weeks. According to reports, 193 new addresses joined the list of becoming Bitcoin whales. Are we heading towards a new ATH in 2022? Read below to know more. 

After setting a new ATH in 2021 and breaking a few records, Polygon has come up with a new feature. It has launched its Layer 2 token swap and DEX aggregator that will help users swap their tokens within the native wallet itself. This new feature will save time users spent otherwise in using a third-party decentralized aggregator to source the best swap rates. Where is Polygon heading towards? Find out below in detail. 

Metaverse is the most discussed topic of the latter half of the year. With so many giants entering the space, Adidas is ready to launch its NFT collection with the members having exclusive access to what essentially shall be a fan club. Read below in detail how Adidas plans to disrupt the NFT market. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 17, 2021

193 Bitcoin  Addresses join the Whale Club 

Although Bitcoin is having a tough time holding the $50,000 level, BTC whales seem to be expanding their portfolios with large accumulations of Bitcoin in the past 10 weeks. The Bitcoin whale club includes addresses that hold Bitcoin between 100 and 1000. It is not at all shocking to find out that a total of 193 addresses joined the prestigious Bitcoin whale club in the past 10 weeks. 

Why are BTC whales expanding their portfolio despite the asset struggling to hold the $50,000 level? Are we heading towards a new ATH in 2022? Read more about the new 193 addresses added to the Bitcoin whale club in detail. 

Source: Aliens.com

Polygon launches layer 2 Token Swap and DEX aggregator 

Ethereum Layer 2 aggregator Polygon has expanded the scale of its offerings with the launch of the brand new token swap service. 

The polygon team on December 15, 2021, revealed its brand new Polygon Token Swap that shall allow instant token swaps. It was added as a new feature to its existing native wallet. 

This feature is powered by the Ox API and lets the users exchange various tokens internally. This basically removed any urge to use a third-party decentralized exchange (DEX) aggregator for sourcing the best swap rates. 

Read more in detail about Polygon’s DEX aggregator and new launch of the token swap and what it means for the network in detail.

Source: Beincrypto.com 

Adidas to launch an NFT collection with exclusive access to streetwear drops 

Adidas is completely ready to make its presence felt in the NFT sector. The apparel company is all decked up to launch its new line of NFTs called Into the Metaverse that shall offer buyers access to what essentially is a fan club. NFT holders will be able to buy special merch drops and the members shall have the right to define and govern the type of products as well as experiences the company shall put together for its NFTs. 

Adidas is looking out for the dopest thing to do in the NFT sector and involves its community to manifest big in the virtual world. 

Read more about Adidas’s NFT launch in detail. 

Source: The Verge 

Crypto Market Trend December 17, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 17, 2021)  Change in % 
Yearn.finance (YFI) ₹20,30,374.73 20.69%
Chromia (CHR) ₹49.61 13.23%
IoTeX (IOTX) ₹9.57 8.57%

*Prices are latest by 11 AM December 17, 2021. *

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 17,  2021)  Change in % 
Near Protocol (NEAR) ₹744.09 4.1%
Polkadot (DOT) ₹2064.90 4.11%
Internet Computer (ICP) ₹1984.48 4.13%

*Prices are latest by 11 AM December 17, 2021. *

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