🪙 Crypto and Blockchain News (Mar 12, 2024):

1️⃣ Lookonchain: On March 10th, a user spent 0.025 #SOL ($4) to purchase 4,367,218.49 BALLZ. Five hours later, after a significant token price surge, they sold the assets for 428.15 SOL ($63,400). 🚀

2️⃣ Tether: #Tether company will launch the #USDT stablecoin on the EVM-compatible layer-one blockchain of Celo. According to the statement, the network's ecosystem spans over 1000 projects across more than 150 countries. 💡

3️⃣ USDM: This Saturday, the popular crypto project Cardano will launch #USDM — its first fiat-backed stablecoin. It's known that USDM will be pegged to the US dollar. Initially, the novelty will be available in 19 US states. 🌎

4️⃣ miles jennings: Governor of Wyoming (USA) Mark Gordon signed the Decentralized Unincorporated Nonprofit Association Act (DUNA), providing DAOs legal status. The document will enable DAOs to operate within the existing US legislation, enter contracts with third parties, open bank accounts, litigate, and pay taxes. 🏛️

5️⃣ Stefan George: Ahead of the Dencun upgrade on the Ethereum network, developers at Gnosis Chain activated #BLOB transactions for sidechain scalability. BLOB transactions will launch on the Ethereum mainnet on March 13th during the hard fork. 🔄

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