Money Flowing Back to Bitcoin as LUNA & UST Loses Momentum Heavily, While BTC Thrives
The crypto markets appear to have been recovering largely as the market cap which was on the verge to plunge below $1 trillion is currently more than $1.3 trillion. The DeFi’s and the NFTs also recover massively, some recording double-digit gains too. Bitcoin is currently trading around $30,863 with a jump of 3.34% while Ethereum at $2,105 surging at 3.27%. Cardano & Solana record huge gains of 13.45% & 11.41% to trade around $0.59 & $56.69 respectively,
CRYPTO PRICES TODAY
| Price Trend | Price for May 16, 2022 | Percentage change |
| The global cryptocurrency market cap | $1,300,842,427,255 | – |
| The total crypto market volume | $79,917,953,451 | – |
| Bitcoin Price | $30,414.04 | +2.82% |
| Ethereum Price | $2,078.39 | +3.15% |
*All prices are latest by 11:00, 16 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| COSMOS (ATOM) | INR 956.23 | +15.76% |
| Oasis Network (ROSE) | INR 6.45 | +5.82% |
| Jasmy Coin (JASMY) | INR 1.00 | +23.26% |
*All prices are latest by 11:00, 16 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Mirror Protocol (MIR) | INR 24.94 | -4.49% |
| Helium(HNT) | INR 769.95 | -2.26% |
| Bitcoin Cash (BCH) | INR 16,736.40 | –2.13% |
*All prices are latest by 11:00, 16 May 2022.
Crypto Market Buzz
Goldman Sachs, Barclays Bank invest in London Based Bitcoin and Crypto Trading Platform of Elwood Technologies
Elwood technologies have received funding from Barclays and Goldman Sachs in the middle of a market shakedown. Both enterprises believe that the 500 million $ enterprise will rope in more institutional investment. The founder of Elwood Technologies exclaimed that this partnership is to build a stronger infrastructure. In addition, Goldman Sachs digital asset head ‘Matthew McDermott’ has acknowledged the rise of institutional cryptocurrency demand, and to meet this demand they are all set to increase their visibility in the market.
Source: BeInCrypto
Web3 News Global
PancakeSwap’s New Proposal Aims to Cap CAKE Supply at 750 Million and Add More Utility and Incentives
PancakeSwap has refurbished their tokenomics by limiting the supply of CAKE – the native token to 150 Million. The platform will also offer IFO benefits to users and farm yielding for token holders. Along with these iterations, users will also be able to participate in staking programs through vCake, bCake, and iCake. With these initiatives on the anvil, the token may see a change in token value. In addition, CAKE holders will have improved governance within the network.
Source: Crypto Potato
Crypto News Global
Can Litecoin Reenergize Users With New MimbleWimble Upgrade?
Litecoin has launched a new upgrade ‘MimbleWimble’ – a privacy-focused mechanism that will lower the fee and increase the transaction speed which leads to better scalability of the network. This new upgrade will not only make transactions confidential but will also remove unnecessary transaction data from the blocks through compression.
Source: Crypto Potato
What Happened to Terra’s Bitcoin Reserve as UST and LUNA Crashed?
Luna has been making headlines for its downtrend dip as it has been slipping away from its dollar peg to $0.985. As per Elliptic – a blockchain analytics platform, after the announcement of LFG’s $1.5 billion loan, a Bitcoin address associated with LFG sent an estimated amount of $750 million Bitcoins to a new address. With these incidents, many have questioned the integrity and transparency of the coin.
Source: Decrypt
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| Kava (KAVA) | $470,759,725 | 192,328,959 KAVA |
| STEPN (GMT) | $865,876,397 | 600,000,000 GMT |
| Storj (STORJ) | $78,532,276 | 78,532,276 STORJ |
| JasmyCoin (JASMY) | $58,772,784 | 4,754,930,780 JASMY |
*All prices are latest by 11:00, 16 May 2022.
