2022-01-24

Daily Digest – January 24th

• Bitcoin slumps to $33.5K throwing market into extreme fear, mining & difficulty climb to all-time highs.

• Solana Network suffers another Outage, SOL nosedives on Monday morning.

• NFT sales surge amidst market crash, Huobi launches $100 million metaverse support.

• Fantom overtakes Avalanche and Solana, becoming 4th biggest DeFi chain.

Shiba Inu Recovers 40% to Surpass Polygon (MATIC) – SHIB Prediction for 2022?

The rally saw SHIB rise from $0.00001704 as high as $0.00002354 before retracing. The gains saw Shiba Inu (SHIB) overtake Polygon (MATIC), the layer-2 scaling solution, which topped the crypto gainers chart of 2021.Despite retracing down to $0.00001962 at the time of this writing, Shiba Inu has a market cap of $10.7 billion, which makes it the 15th largest cryptocurrency. Polygon sits one place behind Shiba, with a market cap of $10 billion...

Fantom Overtakes Avalanche and Solana, Becomes 4th Biggest DeFi Chain

The total value locked in Fantom has overtaken leading DeFi chains, Avalanche and Solana, and the Binance Smart Chain (BSC) for a brief moment. TVL represents the total capital held within the smart contracts of a defi protocol or DeFi chain.Fantom currently has 129 protocols on its blockchain, and its TVL is currently at $13.02 billion, making it the fourth most valuable defi chain. BSC is the third-largest DeFi chain with $13.77 billion locked, Terra on second with $16.16 billion locked. Ethereum dominates the DeFi sector with a TVL of $130.1 billion...

J.P. Morgan Closed the Bank Account of Uniswap (UNI) Founder Hayden Adams Hayden Adams complained on Twitter that the American multinational investment bank J.P. Morgan closed his bank account without notice or any explanation.

The Robinhood Crypto Wallet is Live in Test Mod

After months of preparation, Robinhood announced on Thursday that it has begun to beta test its cryptocurrency wallet. The rollout of the crypto wallets has started with the initial 1,000 customers from the top of the wallets’ waitlist. As of this writing, the waitlist currently has 1,991,716 individuals in the queue to try Robinhood’s digital pocketbook.The popular stock and crypto trading app said in its announcement that they plan to expand the program to 10,000 customers in March. The rollout will subsequently continue systematically over the next several months for the rest of those individuals on the waitlist...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas