Daily Crypto NewsEDITION #436, 08 April 2022

Terra stocked up on shitcoins

Hey Moni Maker 📂

Today, in 1994, the body of Kurt Cobain was found. Well, that's the lead singer of the band Nirvana; he shot himself with a shotgun. The idea is that mass adoption could hypothetically give people immortality and eternal life on the blockchain until the lights go out, of course. Too bad, of course, that the human mind can't be tokenised...yet. 

Digest. Let's go!

There is the Luna Foundation Guard (LFG), a non-profit organization that develops the Terra platform. These guys have announced that they are buying $AVAX for $100 million worth. And previously, they bought $1 billion worth of bitcoin. 

LFG aims to create a reserve that will help its stablecoins remain pegged to fiat currencies.

We probably won't spell out the whole story, but ask you - which Terra coin should buy next? 

Not even three months after NEAR raised $150,000,000, they raised another $350,000,000. Awesome. 

The investment led by Tiger Capital is investor faith in this blockchain. "They (investors) believe Near can be one of the protocols that will take over the world," said Amos Zhang, partner at MetaWeb VC.

Like the emphasis on simplicity for a broad audience, NEAR's perks bribe investors and will potentially make the transition to a blockchain and crypto-based future smoother.

Yesterday there was news, it is necessary to post it anyway. Binance Labs has announced an investment in the mega-popular Move-to-Earn project Stepn, with investors already including Sequoia Capital, Alameda Research, Folius Ventures, Solana Ventures, etc. An overview of the project is here.

Why do we post? We want to collect the opinions of Gem City! Like if this is a bullish sign and we should invest in Stepn. Dislike - if Binance Labs just will unload bags into hamsters bags. 

Well, the gentlemen and ladies of OpenSea have added Solana. There are already 165 collections, and OpenSea themselves have posted a guide for using Solana on their platform. 

The most-liked reply in the OpenSea thread at the time of writing is "What? Who's been waiting for this? 6 people? Maybe 7." 

Poll! Like if you were waiting for Solana on OpenSea. Dislike if you don't give a f*ck. 

Bear Market — is the time when the crypto market is in stagnation or even falls. Antonym — bull market (or bullrun).

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)