After making a daily high of $59,735, Bitcoin underwent a correction and is now trading at $58,022. MicroStrategy, led by Michael Saylor, utilized this dip opportunity and accumulated another $15 million worth of Bitcoin to its portfolio. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,116.
Let’s discuss some interesting crypto news in detail.
Elrond integrated with Shopping.io to offer diversified payment options for U.S. shoppers. Shopping.io is a blockchain-based platform that joins major e-commerce websites under one roof. Moreover, users can use cryptocurrencies as a method of payment for shopping on this website. With this integration, U.S. eGold holders will directly shop on giant websites such as Amazon, Walmart, and eBay through Shopping.io. Additionally, users can also convert their eGold tokens directly into products and services without any fees or conversion costs.
DAFI Protocol partnered with Kylin Network to integrate oracles into the protocol’s price feeds. With this collaboration, Kylin Network will explore synthetics for its platform, and these would be utilized to grow its ecosystem as well as for rewards programs and bounties. Further, this will provide accuracy and reliability to the DaFi protocol’s price feeds, which will empower the synthetic dTokens in different networks.
Tether announces the launch of its tokens on the Kasama network and Polkadot. As per the tweet, the team would launch the USDT stablecoin on both networks. With this integration, users of Polkadot and Kusama will enjoy USDT services directly on its parachains. Further, this would help Tether to extend its services on a wide network, which will help to grow the stablecoin’s usage. Notably, Tether is one of the oldest stablecoins, and it has recently surpassed $40 billion in circulating supply.
Grayscale Investments announced the addition of Chainlink to its Digital Large Cap Fund. Moreover, the Digital Large Cap Fund is a strategy that intends to provide exposure to 70% of the digital asset market. The Chainlink oracles join the cryptocurrency smart contracts and off-chain data feeds through the bridge. With this announcement, Grayscale’s assets under management (AUM) for the Digital Large Cap Fund have reached $538.2 million. Additionally, the asset management firm also intends to turn its Grayscale Bitcoin Trust into an ETF.
In the last bit of crypto news for today, we have CoinShares announcing the launch of its Litecoin Exchange Traded Product (ETP). As per the press release, this new investment product will first list on the SIX Swiss Exchange with a base fee of 1.50% p.a. In addition, CoinShare’s investment products include exposure to Bitcoin (BTC) and Ethereum (ETH). Hence, this will attract more investors and help in expanding the crypto assets in wider markets. Further, this will be the third product launched on its Coinshares Physical platform, and it has the ticker listing of LITE.
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