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Daily Crypto News Dec 22, 2021: Top 3 Crypto Updates for Today

Crypto News

The crypto space never ceases to give the ecosystem something to talk about every day. With the Metaverse in action, the happenings of the crypto space have propelled ten-fold. NFTs are making a buzz not only for crypto enthusiasts but also for tech giants. Ethereum 2.0 Testnet Kintsugi is providing access to people to experiment with the space before it merges to Proof-of-Stake. 

The huge buzz around the crypto space and the mass adoption of the ecosystem worldwide has been luring investors into the space. So far investors have invested around $30 billion in the crypto industry. More on this in today’s crypto news.

Quick Crypto News Roundup! 

Daily Crypto News  Dec 22, 2021

Ethereum 2.0 testnet Kintsugi goes live in the preparation for Merge. 

Ethereum developer teams have been preparing hard for Ethereum 2.0. It is the proof-of-stake platform designed to make the blockchain’s transactions faster, cheaper, and less energy-intensive. But while the ETH2 isn’t quite ready yet, its first major testnet is, providing the public with a look into how the network may soon function.

Read more on Kintsugi here.

Source: Decrypt.

Terra Luna hits a new ATH amidst the booming DeFi activity

Terra network surpassed Binance Smart Chain (BSC) in terms of total value locked (TVL) to become the second-largest DeFi protocol behind Ethereum, thanks to LUNA’s meteoric rise. Adjusting the project’s structure for the upgrade, Terra also passed the decision to burn 88.675 million LUNA (valued at around $4.5 billion at the time) from community pools.

Read more on Terra Luna’s ATH here.

Source: Aliens.

VCs to invest $30 billion into the crypto industry 

With the rise in the crypto buzz, investors are pouring in to fund various projects within the ecosystem. According to available data from PitchBook, as of December 15, VCs have invested around $30 billion into the crypto industry in this year alone. PitchBook’s analyst Rob Le said that “Investors are funding anything and everything.”  Some of the notable funding rounds are that of FTX, a crypto derivatives exchange that raised $1 billion in its Series B funding round in July, and New York Digital Investment Group who also raised $1 billion recently.

Read more on the news here.

Source: Aliens.

Crypto Market Trend December 22, 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 22, 2021)  Change in % 
Curve ₹377.80 13.42%
Tera ₹7176.51 11.59%
Cosmos ₹1941.26 11.47%

*Prices are latest by 11:08 AM December 22, 2021. *

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 22,  2021)  Change in % 
yearn.finance ₹26,55,749.53 5.81%
IoTeX ₹9.87 3.16%
USD Coin ₹78.23 1.36%

*Prices are latest by 11:08 AM December 22, 2021. *

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