Kaiko Research: Monthly Market Report May 2021

Shiba Inu is going through major developments throughout the past few days that the community has been long looking forward to. As CryptoPotato reported yesterday, Shiba Inu developers appeared on stage at the Blockchain Futurist Conference in Toronto to announce the launch of the Shibarium mainnet. The price, however, hasn’t perceived the news positively and is, in…

The TUK token presale is officially underway as it aims to pave the path for a carbon-neutral future in developing nations with electric vehicle (EV) tuk-tuks. Dubbed eTukTuk, this new-age three-wheeler is elevating the EV standard, earning it the reputation of being the Tesla for developing countries. The project intends to eliminate carbon emissions from…

Ardana, the DeFi and stablecoin hub built on the Cardano ecosystem, announced today that it has entered into a strategic partnership with the decentralized application (dApp) platform, NEAR. According to an official press release shared with CryptoPotato, the collaboration will see Ardana build a bridge infrastructure to facilitate the seamless transfer of assets between Cardano…

Thomas Peterffy – Founder and Chairman of Interactive Brokers – revealed he had personally purchased some cryptocurrencies for himself. In addition, the billionaire stated that the clients of his company have been showing a growing demand for digital assets services. ‘You Have to Play The Odds’ During a CNBC interview, the Hungarian-born businessman Thomas Peterffy…

Ethereum is the largest smart contract platform in the industry, and it underwent a major shift by transitioning to a new consensus algorithm in 2022. What is commonly referred to as The Merge saw the network abandon Proof of Work and transition to Proof of Stake in pursuit of fulfilling its broader roadmap towards scalability,…

Americans’ interest in the cryptocurrency industry has grown significantly in the past year, found a survey by the Winklevoss-run crypto exchange, Gemini. Interestingly, BTC has remained the most popular digital asset, but the results show that US citizens have larger on-average positions in ether, BCH, and LTC. US Appetite for Crypto Rises The past twelve…

The Major Soccer League participant Nashville SC partnered with the digital asset investment manager Valkyrie Investments. The latter vowed to pay its sponsorship fee entirely in bitcoin. The First MSL Team to Accept BTC Sponsorship Payment One of the leading American soccer teams – Nashville SC – dived in the world of crypto by signing…

Amazon Web Services (AWS) – a cloud computing platform provided by the retail giant – collaborated with the Web3 startup that focuses on DeFi and blockchain games – Cronos Labs.  CRO – the native token of the ecosystem – climbed by 13% shortly after the announcement. A Breath of Fresh Air for CRO AWS disclosed…

On June 29, Navdeep Singh, Meta’s technical program manager, showed on his social media channels a glimpse of Facebook’s new NFT PFP feature, which will be initially available to a select group of content creators. PFP is an acronym widely used in the NFT subculture that means either acronym that means “picture for proof” or…