Coinbase allows users to access Ethereum-based dapps
Coinbase Global will allow a small set of its users to access Ethereum-based decentralized apps (dapps) directly from the Coinbase app. This move will help users purchase NFTs on various marketplaces, including OpenSea. It will also allow users to trade on decentralized exchanges such as Uniswap and Sushiswap. They will also enable borrowing and lending through DeFi platforms like Curve and Compound.
Crypto prices today: Bitcoin, ETH up 3%
Bitcoin is currently trading at $30,429.42, a 2.9% increase over the previous day. Ethereum rose 3% over the last 24 hours to $2,073.4. Solana rose 4.36% to $56.36, while Cardano is trading higher by 2.8% at $0.577. Avalanche (AVAX) rose 1.6% to $33.83. The global crypto market cap stands at $1.30 trillion, a 2.96% increase over the previous day.
TerraUSD falls to 11 cents; creator announces rescue plan
The price of the stablecoin TerraUSD was down sharply by 36% to 11 cents as its creator, Do Kwon, announced a plan to rescue the project. He said the crux of the plan involved what is called a “fork” in software terms—basically taking the existing code and starting over with an updated version. The new version will distribute 1 billion tokens of a new version of Luna to existing Luna and TerraUSD holders and developers.
Brazilian stock exchange B3 to launch Bitcoin Futures
Brazil’s only stock exchange, B3, plans to launch Bitcoin (BTC) futures in the next 3-6 months. The exchange is currently building the infrastructure to offer crypto market access to end-users. Currently, B3 offers exposure to crypto exchange-traded funds (ETF) listed in the Brazilian regulated market.
SEBI seeks to ban celebrity endorsements of crypto
The Securities & Exchange Board of India (SEBI) has reportedly suggested that prominent public figures such as celebrities and sportspeople should not endorse crypto products. The regulator added that public personalities could be held accountable if the crypto ads are found to be violating regulations. The Advertising Standards Council of India (ASCI) has been examining additional and fresh guidelines around crypto ads to protect the interests of consumers.