Solana NFT sales were up 435% over the past 24 hours, surpassing Ethereum NFT trading volume. More: - Solana's NFT market is still growing as Ethereum has seen a decline in sales volume.
- Solana NFT market sales generated $24.3M over 24 hours, whereas Ethereum sales hit the $24M mark around the same time.
- The jump in sales volume can be attributed to the launch of Trippin' Ape Tribe, a new NFT image that was launched on Magic Eden.
- The Trippin' Ape was responsible for $14.5M in sales, while the runner-up was Ethereum's Bored Ape Yacht Club at $3.5M in sales.
Decrypt 
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Terra's new proposal found approval from backers to revive the failed Luna cryptocurrency but not the UST coin. The Terra ecosystem passed Proposal 1623, which will lead to the development of a new blockchain. More: - A vote determined that Terra investors are in favor of reviving the failed Luna token.
- The new proposal aims to distribute tokens to the holders of Luna, soon to be renamed "Luna Classic," and UST.
- Roughly 30% of tokens will go to the Terra community, 35% to the Luna community, and 10% to pre-collapse UST holders.
- 25% will go to accounts that are still holding their Luna and UST after the crash.
- The Luna token jumped 20% on Wednesday and UST was up by 50%, but despite the gains, "There has been a massive loss in confidence overall in the Terra project," says Vijay Ayyar, Head of International at Luno Crypto Exchange.
CNBC
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The unprovoked war in Ukraine has destabilized the nation's financial system as Ukrainian politicians and citizens consider implementing cryptocurrency. Ukrainian President Volodymyr Zelenskyy has signed a virtual assets bill into law that will recognize cryptocurrency as an asset post-war. More: - Michael Chobanian, the president of the Blockchain Association of Ukraine and founder of Kuna Exchange, lobbied for crypto regulations in the country.
- The Ukrainian government has set up wallets on Kuna to accept crypto donations to the war efforts.
- The country received over $60M in crypto donations to date on several exchanges.
- The most popular crypto in Ukraine is the Tether, or USDT, a stablecoin backed by the U.S dollar, which recently crashed in market value.
- Chobanian says he does not trust Tether or USDT, but the people of Ukraine have in the past.
- Chobanian expressed his distrust for the banking system over the course of the interview with Verge: "We do not trust the banking system or the government. We don't trust anyone," he says.
- He added: "Crypto has a system in place that does not require you to trust any particular person. It belongs to everyone and no one at the same time."
- The new law will go into effect after the war is over. At the moment, crypto is being used for humanitarian reasons, and some people are converting their cash into crypto during the war as a means of savings.
The Verge
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Morgan Stanley analysts believe that regulating cryptocurrency, especially stablecoins, will help the industry grow. More: - President Joe Biden's crypto executive order is a start to establishing new crypto laws in the country.
- Legislation concerning tech regulation, crypto, pricing of prescription drugs, etc., will have a chance at being passed by the end of 2023.
- Extended uncertainty on crypto regulations by the SEC, CFTC, and other regulatory agencies will have a negative impact on the crypto industry.
- Both Republican and Democratic policymakers have stressed the need for crypto regulations in an effort to protect investors.
Yahoo
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RadioShack.org, a new crypto swap platform, generated $40M in trading volume in two months. RadioShack is a decentralized, crypto swap trading platform that generates anywhere between $500M to $2M daily in trades. More: - The cryptocurrency swap platform licensed its name from REV Inc., which bought the name and assets of RadioShack, "America's technology store," out of bankruptcy in 2020. REV operates RadioShack.com as an e-commerce store.
- Approximately 10,000 traders have joined the platform, and the trading fee is 0.1%, which is less than other decentralized exchanges.
- The platform is adding two to three new tokens every week, mostly in the gaming token startup space.
- RadioShack Swap is powered by Ethereum mainnet, Polygon, Binance Smart Chain, and the Avalanche Network.
- The company has millions of views on its Discord, Telegram, Instagram, and YouTube channels.
Yahoo
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Coinbase just made history by becoming the first cryptocurrency company to be listed on the Fortune 500 list of the biggest companies in the U.S. More: - Coinbase went public through a direct listing on April 2021 but failed to meet analyst expectations amid the crypto market crash.
- Analysts expected Coinbase's valuation to reach $100B; however, it closed at a $61B valuation on the first day of trading.
- In order to make the Fortune 500 list, companies need to have a minimum of $6.4B in revenue.
- Fortune 500 only considered companies' 2021 financial performance, and the threshold was $5.4B for 2021. Coinbase's 2021 revenue was $7.8B.
- The recent crypto market crash has decreased trading volumes significantly, and the company relies heavily on crypto trading as its revenue stream.
- To diversify its revenue stream, Coinbase launched an NFT marketplace. But Bloomberg reports that the marketplace has only 2,900 active users.
Coin Desk
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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