One step from love to hate in crypto

Market is green. BTC is now trading around $31 000, ETH is trading above $1 900.

💪 Bitcoin dominance: 46.43%

📉 Total Cryptocurrency Market Cap: $1,306 tr

😲 Fear and greed index: 16 (Extreme Fear)

🚀 Gainers(Top-100)

Waves (WAVES) +51.69%

Cardano (ADA) +26.26%

Axie Infinity (AXS) +24.91%

😭 Losers(Top-100)

Zcash (ZEC) -4.41%

XDC Network (XDC) -4.01%

Shiba Inu (SHIB) -3.67%

RTFKT, Nike’s Web3 arm, now owns 10 Ethereum Name Service (ENS) domains following the 💰 purchase of dotswoosh.eth for 19.72 ETH, roughly $35,000. RTFKT is pronounced “artifact.”

Nike’s exact reason for the dotswoosh purchase on Friday remains unclear. But as some have pointed out on Twitter, Nike may have plans to use the domain for issuing ENS subdomains in the future. ENS subdomains are ❗controlled by the main domain name holder.

Dogecoin co-creator Jackson Palmer said in a new interview with Australian publication Crikey that he wishes 💬 “it was the end of crypto, but it’s not,” and that “increasingly people are doing nothing but making money off doing nothing, it’s kind of fucked us all up.”

“I honestly thought that crypto would implode a bit more quickly and people would learn their lesson,” said Palmer. “But increasingly, in the past six months, I’ve seen a continued perseverance. You see these big people with big money getting involved and that means it’s not slowing down.” He also shot down the 💡 idea there might be a “crypto winter” around the corner saying: “I still see heaps of money being funneled in by crypto promoters. They’re waiting for a fresh batch of fools to come in. This happens in cycles.”

Tron, the Justin Sun-led blockchain 🚀 launched in 2018, is now DeFi 's third-largest blockchain in terms of total value 🔒 locked (TVL). According to DefiLlama, the total value locked (TVL) across Tron'y nine different apps currently stands at $5.9 billion, up 44% over the past month.

The only two chains ahead of it are BNB Chain and the industry leader Ethereum. Binance Smart Chain's TVL stands at $10.8 billion and Ethereum hosts over $93 billion. What's more, Tron is the only blockchain to have enjoyed continued 📈 growth across all major networks.

Prada Joining Top Luxury Brands in Web3 With Ethereum NFTs

Prada will be 🚀 launching 100 Ethereum NFTs this Thursday to go along with its latest Timecapsule apparel release. NFTs are unique blockchain tokens that signify ownership of an asset. In Prada’s case, buyers will 💸 receive a free airdropped NFT to go along with their physical merch purchase from Prada’s latest collaboration with Cassius Hirst, son of artist Damien Hirst.

South Korean prosecutors are reportedly looking into the recent Terra 📉 crash to see if there were signs of intentional 💲 price manipulation and other ⚠️ issues, the local television network JTBC reported on Saturday.

Per the report, the Seoul Southern District Prosecutors’ Office’s joint financial and securities crime investigation team has also summoned former employees of Terraform Labs who were involved in the initial development of the Terra ecosystem in 2019. One of those employees has reportedly revealed that the team had doubts about the TerraUSD (UST) stablecoin design from the very start. They also claim to have warned Do Kwon, the founder and CEO of Terraform Labs, that the algorithmic mechanism designed to protect the asset’s peg to the U.S. dollar, may eventually ❌ fail, however, 👨‍🦱 Kwon pushed with the launch anyway.

Terra and UST 📉 plummeted to zero seemingly in an instant, wiping out tens of billions of dollars in market cap, and a large number of investors who suffered losses already have launched lawsuits. Many key industry players have warned that regulatory pressure on cryptocurrencies may now 📈  intensify.

Here are three nations at the forefront: South Korea, Singapore, USA.

Bitcoin Reclaims $30,000 Level as Crypto Market Turns Green

After a tumultuous month for the crypto markets, Bitcoin (BTC) was poised to extend its 📉 losing streak to a record nine weeks. However, that scenario has been narrowly avoided after the 💪 leading cryptocurrency 📈 jumped in the late hours on Sunday to hit a seven-day high of $30,723.

Though a modest correction brought Bitcoin 📉 down to $30,704 by press time, it is still 🙂 up 5.5% on the last day, according to CoinMarketCap.

Conclusion: Despite the fact that the cryptocurrency has been very volatile lately, it is now starting to stabilize. More and more global brands are starting to join the crypto industry. Showdown around the fall of Terra does not subside.

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