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Top Crypto News: Crypto Markets Begin to Recover, While LUNA & UST are in a Deep Soup!

Crypto Markets Begin to Recover, While LUNA & UST are in a Deep Soup!

Bitcoin price for a pretty long time been hovering close to $30,000 which indicates that the markets are healing slowly. While Ethereum’s price regained its position above $2000 and the other stablecoin coins like USDC, BUSD, etc maintain their peg at $1 However, USDT is slightly de-pegged which may be restored in the next couple of hours. But the Terra (LUNA) and UST appear to be completely devasted with the prices hitting rock-bottom levels as LUNA price heads close to SHIB price. 

CRYPTO PRICES TODAY 

Price Trend  Price for April 25, 2022  Percentage change 
The global cryptocurrency market cap  $1,308,631,026,856
The total crypto market volume $97,576,106,074
Bitcoin Price $30,626.92 -0.42%
Ethereum Price  $2,108.40 -0.10%

*All prices are latest by 05:53, 13 May 2022.

TOP GAINERS AND LOSERS TODAY

TOP 3 CRYPTO GAINERS  

Crypto Price* Percentage Change
Gala (GALA) INR 8.44 +65.10%
Stepn (GMT) INR 137.05 +63.96%
Decentraland (MANA) INR 90.99 +52.61%

*All prices are latest by 05:53, 13 May 2022.

TOP 3 CRYPTO LOSERS 

Crypto Price* Percentage Change
Mirror Protocol (MIR) INR 22.35 -2.71%
USD Coin (USDC) INR 82.07 -1.41%
Binance (BNB) INR 82.07 –1.40%

*All prices are latest by 05:53, 13 May 2022.

Crypto Market Buzz 

STEPN pays you in NFTs to stay fit!

What if one could earn crypto assets by exercising? Well, STEPN is one app that rewards users to exercise. To get rewarded in NFTs, users need to download the app and purchase an NFT. Whenever an NFT holder on the app goes for a walk or a jog, the app uses GPS and IoT to track their activity. The users get rewarded in NFTs for working out. 

While this seems a good deal to earn and get fit, there’s a small catch to it. To participate in the app, a user needs to purchase an NFT which is priced in SOL as the app operates on the Solana blockchain. 

Source:  Forbes 

NFT News Global

Major League Baseball plans to partner with Sorare for an online game 

The oldest baseball league to exist is now set to join hands with Sorare – an NFT platform that offers curated fantasy virtual assets. This new offering will allow users to purchase their favorite baseball players’ NFTs’ and even create fantasy teams with ether. Sorare has previously partnered with Softbank for Major League Soccer with a $ 680 million funding in their kitty and now Major League Baseball is on the anvil to enter the game with Sorare. 

Source: Brand Equity 

Crypto News Global 

Global Crypto regulation is on the cards according to top officials

According to an official at the ‘International Organization of Securities’, a joint collaborative global effort will pave the way for crypto regulation at a high level. 

The risks that crypto institutions are dealing with will require a policy for regulation to stabilize the volatility. With the Terra Luna crash and bitcoin going down the slope, the need for a global regulatory policy is salient. 

Source: CoinDesk

Global crypto market plummets at $275 billion, Bitcoin down at 2020 level

With markets crashing like a pack of cards, crypto was not excused at all. The series of crypto crashes has been difficult to dodge as $275 billion has been wiped off from market liquidity. According to sources, the Terra Luna dip has shaken the sentiment of crypto torchbearers and has caused a lot of panics. 

Source: BuisnessInsider

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
Kava (KAVA) $327,741,900 190,807,717.00 KAVA
Stepn (GMT) $1,618,750,340 600,000,000.00 GMT 
Storj (STORJ) $201,553,577 390,191,303.27 STORJ
JasmyCoin (JASMY) $90,530,704 4.75 B JASMY

*All prices are latest by 05:53, 13 May 2022.

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