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ADA Investors Lose Big as 80% out of Money, Shibarium Presents Updates for SHIB Army, BONE Trading Launches on This Crypto Platform: Crypto News Digest by U.Today

Thu, 05/11/2023 - 15:49
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Valeria Blokhina
Keep an eye on the latest updates in the crypto industry with U.Today's news digest!
ADA Investors Lose Big as 80% out of Money, Shibarium Presents Updates for SHIB Army, BONE Trading Launches on This Crypto Platform: Crypto News Digest by U.Today
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U.Today has prepared the top four news stories over the past day.

Cardano (ADA) investors lose big as 80% out of money

Data provided by IntoTheBlock analytics firm shows that at least 80% of all ADA owners are currently holding the tokens at a loss. In terms of numbers, these are 3.44 million addresses holding a total of 26.85 billion ADA worth $9.48 billion. Cardano is now ranked ninth among cryptocurrencies with a market capitalization of more than $1 billion in terms of the ratio of losing addresses to profitable ones. With a total market capitalization of $12.47 billion, only $1.66 billion worth of ADA are in profit. Notably, most of the "loss-making" ADA holders are those who purchased a Cardano token between $0.374 and $0.456.

Shiba Inu's Shibarium unveils new updates for SHIB community

According to a recent Medium post by Shibarium developer Unification Foundation, Puppynet has been deployed with two new tools, Verified Open Randomness (VOR) and Oracle of Oracles (OoO). The former is used to generate true randomness in different applications such as on-chain gaming, lottery and generative NFTs. The latter helps prevent price hacks and provides the best prices for decentralized investment funds. Apart from that, the Unification team has also successfully deployed the xFUND test token on the beta testnet and bridged the L1 to the L2, successfully transferring xFUND test tokens between the two.

Shiba Inu's BONE trading launches on this crypto platform: details

After teasing BONE listing on May 9, Giottus crypto exchange announced yesterday that it started trading the Shiba Inu governance token with the BONE/INR pair. Prior to that, the exchange launched a vote to determine the public's interest in the asset. After almost 90% of its Twitter followers answered "yes" to "Y'all still need $BONE?" Giottus made a decision to add support for the SHIB ecosystem token. Shibarium gas token BONE has seen growing interest from several crypto exchanges of late, notably from top exchanges OKX and Huobi Global, which announced listings in April.

Is Elon Musk shutting down PEPE memes on Twitter? David Gokhshtein ponders

In a recent tweet, David Gokhshtein, well-known crypto influencer and founder of Gokhshtein Media, has asked head of Twitter Elon Musk whether he is suppressing tweets related to PEPE meme coin. As Gokhshtein explained, he came to this conclusion because he has been getting a lot of notifications that say "tweet unavailable." That tweet gained the attention of many PEPE fans, with some of them complaining about the same issue. Some commentators opined that people are now talking a lot less about PEPE since they have made a lot of money on it and have switched to other "degen projects" to make money on.

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.