Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
The Terra Money Twitter account shared the finer points on Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. Go to Source Powered by WPeMatico
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LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline. Go to Source Powered by WPeMatico
Shiba Inu has a new use case — Buying land in SHIB: The Metaverse
Memecoin Shiba Inu can officially be used to purchase land in the SHIB Metaverse using the native SHIB token, as the development team continues to provide utility for holders. Go to Source Powered by WPeMatico
‘Save Your Skin’ From Inflation With BTC, The Great Monetary Shift, and SHIB Burns — Bitcoin.com News Week in Review
Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,” Bitcoin.com News noting eerie similarities between the current great monetary shift and the creation of the U.S. Federal Reserve, … Read more
Binance introduces BNB Auto-Burn to replace quarterly burn protocol
BNB tokens will now be burned automatically based on a formula that includes blocks generated and BNB price. Go to Source Powered by WPeMatico
Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
$1.25 billion in ETH options expire on Nov. 26 and bulls are better positioned above $4,200. Go to Source Powered by WPeMatico
One million ETH worth have been burned since the implementation of EIP-1559 in August
On a net basis, however, the supply of Ether is still inflating at about 1.2% per year. Go to Source Powered by WPeMatico
Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, … Read more
ShapeShift hopes to create ‘rarest and most historical’ NFTs with 80% trading card supply burn
According to the exchange, it plans to retain 16 cards from the blockchain-based game Spells of Genesis to sell before 2022 and give 16 to its DAO. Go to Source Powered by WPeMatico
$1.2B in Ether withdrawn from centralized exchanges in record daily outflow
More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It’s the second time this year and the price went vertical last time. Go to Source Powered by WPeMatico
