🪙 Crypto and Blockchain News (Mar 20, 2024):

1️⃣ TON: Developers of The Open Network (TON) blockchain announced the distribution of 30 million #Toncoin (over $125 million at the time of writing) for users participating in ecosystem projects. 🚀

2️⃣ Lookonchain: A trader spent 6,000 Solana (SOL), which were worth around $1.03 million at the time, to purchase 292.16 million #SHROOM tokens. Subsequently, amidst the token's price increase, the trader sold all acquired SHROOM for 57,112 SOL ($9.93 million), earning $8.9 million. All transactions took less than an hour. 💰

3️⃣ S&P Global: Ratings agency S&P Global Ratings published a ninth "stability rating" for stablecoins USDC, USDT, DAI, FDUSD, FRAX, USDM, GUSD, USDP, and TUSD. None of the listed assets received the highest score in the current rating. USDC, USDP, and GUSD were rated as "strong," with only #USDM from Mountain Protocol rated as "adequate." USDT, DAI, and FDUSD were labeled "limited." FRAX and TUSD were deemed the highest risk and lowest rated. 📊

4️⃣ Kommersant: The Investigative Committee for the Moscow region has initiated a criminal case against unidentified employees of the Ministry of Internal Affairs, from whom confiscated cryptocurrency miners were stolen. The investigation into the criminal case due to law enforcement negligence is ongoing. 🔍

5️⃣ Ghostface Killah: American rapper and Wu-Tang Clan member Ghostface Killah announced exclusive music in the form of #Bitcoin "inscriptions." A collection of 10,000 Ordinals will be released through free minting. Owners of the "inscriptions" will have Creative Commons Zero rights to the tracks. The project is being carried out in collaboration with Ordinals Bot, Rare Scrilla, and NakaPepes. 🎶

👍 To stay updated on cryptocurrency and blockchain news, subscribe to our crypto channel!