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Shibarium Integrates With CoinMarketCap and CoinGecko to Enhance Shiba Inu Projects Visibility
DATE:

FEBRUARY 17, 2024
WRITTEN BY:

DAX AND
LELE JIMA

Shiba Inu’s Layer-2 scaling solution, Shibarium, has integrated with two prominent crypto platforms, CoinMarketCap (CMC) and CoinGecko.

The news was shared by K9 Finance, a liquid staking and derivatives platform, which recently became the latest partner of the Shibarium ecosystem.

“We are proud that Shibarium is now on CMC and CoinGecko. Another great stride is being made for Shibarium, which will help the growth of K9,” the K9 Finance team remarked.

K9 Finance stated that the integration with CoinGecko and CoinMarketCap will help put all Shibarium-based projects in the spotlight, including its upcoming native token, KNINE.

KNINE Token to Launch in March
Recall that K9 Finance was unveiled as an official partner of Shibarium earlier this month. The liquid staking and derivatives platform will launch on the Shibarium network soon.

Upon its launch, users can stake their BONE and receive the knBONE liquidity token. With the knBone token, users can retain the value of their already staked BONE. Interestingly, users can trade and lend the liquidity token, thus maximizing their earnings.

In the meantime, K9 Finance has announced the date for the upcoming launch of its native token, KNINE. According to an announcement yesterday, KNINE will launch on March 7, 2024.
Shibarium Records Significant Progress
Meanwhile, Shibarium has continued to record significant strides since its mainnet launch in August 2023. The L2 blockchain is now supported across multiple wallets and exchanges, including Gate.io, Exodus Wallet, Atomic Wallet, and Frontier Wallet.

Notably, Shibarium’s integration on various platforms has contributed immensely to a spike in its user activities. At press time, Shibarium boasts over 352 million total transactions, 1.35 million addresses, and more than 3.2 million blocks minted.

Blockchain analytics platform Arkham Intelligence claimed to have identified “98% of MicroStrategy’s on-chain holdings” — roughly 186,000 Bitcoin
BTC

tickers down
$51,646

out of the firm’s total 190,000 BTC in wallets.

In a Feb. 16 X post, Arkham said it added business intelligence firm MicroStrategy to its publicly available cryptocurrency wallet database. According to the firm, roughly 107,000 BTC of MicoStrategy’s crypto “appears to be held with Fidelity pooled with other clients’ BTC,” while 79,000 BTC was “held in segregated custody including Coinbase Prime.”

Arkham’s research accounted for the overwhelming majority of MicroStrategy’s Bitcoin holdings — roughly $9.7 billion at the time of publication, with a BTC price of $52,000. The firm’s data on Fidelity Custody showed wallets totaling more than 174,000 BTC, with transactions from Coinbase, Foundry USA and Gemini. It’s unclear where the other 4,000 BTC controlled by MicroStrategy may be held.

MicroStrategy Executive Chair Michael Saylor announced on Feb. 7 that the firm had acquired 850 BTC in January, bringing the company’s total Bitcoin holdings to 190,000. The company began buying Bitcoin in August 2020, announcing a $250 million crypto purchase as part of its push to adopt BTC as a reserve asset.

Arkham, a platform that said it aimed to “deanonymiz[e] the blockchain,” had previously offered bounties to crypto sleuths able to provide information leading to the identification of wallets held by high-profile individuals, including Terra co-founder Do Kwon. After the U.S. Securities and Exchange Commission approved spot BTC exchange-traded products in January, Arkham identified the on-chain locations of ETFs from BlackRock, Bitwise, Fidelity and Franklin Templeton.

Many crypto users have criticized Arkham’s approach to making wallet addresses and their owners public, branding the firm as a “snitch-to-earn” service. Some wallet holders have been attacked after online sleuths were able to determine their physical address and other identifying information

Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.A tech startup looking to build an Ethereum-based synthetic dollar has raised $14 million in fresh financing. Meanwhile, 24 hours after YouTuber KSI was accused of being a pump-and-dump merchant, the boss of the project in question has come out to defend him. Plus, a coalition of banking and financial services groups in the United States have urged the SEC to update rules that could see American banks become custodians to spot Bitcoin exchange-traded funds.

Ethena Labs receives fresh funding for synthetic dollar project
Technology startup Ethena Labs has raised $14 million in funding to further the development of its Ethereum-based synthetic dollar.

The funding round was disclosed on Feb. 16 and builds off a previous $6 million round that was led by Binance Labs, Gemini and Bybit, among others. The current round was primarily backed by venture capital firm Dragonfly.

Ethena Labs is developing USDe, a synthetic dollar backed by delta-hedging strategies using Ether
ETH

tickers down
$2,778

as primary collateral. Since launching in December, USDe has amassed more than $200 million in total value locked, according to industry data.

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HomeCrypto NewsMarketReport Shows Cardano Price Outperforms Market with 127% YoY Gain, TVL Explodes 645%
Report Shows Cardano Price Outperforms Market with 127% YoY Gain, TVL Explodes 645%
DATE:

FEBRUARY 15, 2024
WRITTEN BY:

ABDULKARIM ABDULWAHAB
Analysis

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Cardano ADA
Cardano ADA

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A new report from leading data analytics platform Messari shows Cardano (ADA) beats the overall market with a 127% gain in late 2023, with explosive TVL growth of 645%.

Messari recently published a comprehensive report outlining the status of Cardano by the conclusion of the final quarter of 2023. The report highlights positive metrics across various domains for Cardano, including ADA’s price, total value locked, and stablecoin valuation.

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Messari first noted that Cardano is a seven-year standing proof-of-stake blockchain featuring smart contract capabilities, providing dApps with scalability, security, and sustainability.

ADA Price Gained 145.2% YoY
Per the report, Cardano registered a quarter-over-quarter (QoQ) growth of 127.2%, which surpassed the overall market’s 53.8% increase. This fourth-quarter rise elevated ADA’s year-over-year (YoY) change to 145.2%.

Moreover, the report highlighted that network revenue in dollars experienced a 66.7% QoQ increase.

However, it pointed out that this growth was not solely attributable to ADA’s price movement, as revenue in ADA tokens also saw a 10.6% QoQ increase.

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Cardano price and network revenue chart Messari
Cardano price and network revenue chart Messari
Notably, Cardano’s Treasury balance expanded by 2.6% from the previous...https://www.binance.info/en/activity/referral-entry/CPA?ref=CPA_00W9FZGMZR

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