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U.S. equities rebounded as investors anticipate a lower-than-expected rate hike from Fed’s March meeting scheduled next week. Meanwhile, the broader cryptocurrency followed suit, with Bitcoin and Ether up by 5.77% and 3.01%, respectively in the past 24 hours as of the time of writing. The hot token today is SHIB, which increased by 1% in the past 24 hours, underperforming the market due to the Shibarium drama.
The much-anticipated Shibarium is finally launching soon! The layer 2 network aims to transform SHIB from a speculative token to a native token with on-chain utility. The focus of the network is to support metaverse and gaming applications. Nonetheless, the investors’ interests were soon dampened as one community user revealed the underlying code might be a pure fork. While the community denied the claim, further news on Shibatium’s developments can make or mar SHIB token prices.
Check Out the Latest Prices, Charts, and Data of SHIB/USDT!
Yuga Labs unlocked a new “summoning” process as the next stage of its Dookey Dash racing game. The new unlock entails minting of a new NFT collection called HV-MTL, which is a collection of 30,000 “Evo 1” Mechs used in the next stage of games and content. The floor price has surged since its mint. The success of Dookey Dash cements Yuga Labs’ lead in the NFT space.
Uniswap launches on the BNB Chain ecosystem to drive growth and liquidity. (Link)
Fidelity Crypto finally is open to the public, giving millions of users access to bitcoin and ether investments. (Link)
Ethereum Is One Step Away From Staked ETH Withdrawals. (Link)
Tether's Stablecoin Market Cap Now Double USDC After SVB Chaos. (Link)
Doodles 'No Longer an NFT Project' and Won’t Cater to Speculators, Co-Founder Says. (Link)
Arbitrum to Airdrop New Token and Transition to DAO. (Link)