ALT COINS

Institutional investors are gradually moving out of the crypto market as leading cryptocurrencies Bitcoin and Ethereum saw outflows of $57 million and $41 million. However, ADA, SOL, and XRP saw inflows this week.

The latest data from cryptocurrency aggregator CoinMarketCap revealed that $BONE saw a massive spike of 58% in its price over the past seven days.

Dogecoin's price rallied briefly following the announcement of Update 1.46.6's release.

Ryoshi earlier said that they will release the Shiba Inu stablecoin SHI when Shibarium rolls out.

The Dogecoin co-creator previously said 70% of crypto investors don't understand the fundamentals of how the industry or the market works.

Terra's new native token LUNA 2.0 is hit by wild volatility analysts have slammed the new cryptocurrency is "pure gambling."

Staying true to its promise, the team behind the meme coin gave approximately $400,000 to various dog rescue organizations earlier this month following the success of its Non-Fungible Token (NFT).

After the launch of LUNA 2.0, the token peaked at $19.53 but crashed 70% shortly after. LUNA 2.0 has been trading in the $4-$6 price range since then.

Elon Musk announced that Starlink would soon accept digital assets as a form of payment.

The Shiba Inu team might announce a new project that could be related to NBA or basketball.

Tether, the firm behind USDT stablecoin, has confirmed the launch of a new stablecoin pegged to the Mexican peso, MXN₮ as the firm plans to expand into the Latin American market.

The Terra "revival plan" moves forward following the end of voting among network validators.

While most of the cryptocurrencies continue to crash, Monero (XMR), Ethereum Classic (ETC), and Tezos (XTZ) have shown bullish potential.

"According to our partners at Xfund, we are weeks or a few months away," Kusama said when asked for the releae date of Shibarium.

The humble dog-inspired altcoin SHiba Inu has come a long way since it was launched in August 2020.

"We’ve never done anything shady and lived and breathed by what's best for this community for the last five years," Do Kwon said in a tweet.

Kusama did not share any details about what the team has planned for the community next week but they previously mentioned that the development team is simultaneously working on different projects.

"Thanking the Red Bull team for being incredibly kind, and awarding their time to chat with us, all while exploring synergies, and learning a great deal about each other," SHIB's Milkshake tweeted.

Avalanche Foundation released a transparency report from Luna Foundation Guard's and Terraform Labs' AVAX holdings, revealing that the tokens are currently "immobilized."

In a series of tweets, Luna Foundation Guard (LFG), the non-profit organization that supports the Terra ecosystem, revealed that some operators allowed certain chosen users to cash out their holdings at almost 100 cents on the dollar. These operators allegedly used popular cryptocurrency exchange platforms like Gemini and Binance. 

Hedge fund Pantera Capital confirmed that it sold 80% of its LUNA holdings before the crash of Terra USD (UST).

"My recommendation is to stop trying to bring in new victims to fund the previous victims and leave the space forever," Markus told Kwon in a tweet.

Do Kwon clarified that the new blockchain will not be linked to the TerraUSD (UST) stablecoin, saying, "Terra is more than $UST."

Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey.

Musk has once again redeemed Dogecoin with a short tweet that "It has potential as a currency."

Shiba Inu pseudonymous lead developer Shytoshi Kusama provided updates on the deal that he previously said would "break the internet" and said many are unaware that it is happening right under their noses.

"The number of large transactions is a relevant metric tracking the count of transactions greater than $100,000," crypto analytics firm IntoTheBlock said.

Analysts noticed that Shiba Inu's price trend is similar to its August to September 2021 trend.

The price of Musk's favorite crypto, Dogecoin, spiked Monday and jumped as much as 34% following the announcement that the Tesla CEO is bying the micro-blogging site.