Terra blockchain restarts after LUNA price crash. New BTC mining project launches in Mobile, Alabama. Ex-Meta crypto chief unveils Lightspark, a new project for enhancing Bitcoin, Lightning Network.
Key Takeaways
- The Terra (LUNA) blockchain was restarted on Thursday due to security concerns arising from LUNA’s price crash to under US$0.01. Do Kwon has proposed a plan that may involve forking the blockchain in an attempt to revive the ecosystem.
- The city of Mobile, Alabama has embraced crypto with a project for sustainable Bitcoin (BTC) mining using 100 Bitmain Antminer S19s.
- Meta’s former crypto chief David Marcus introduced Lightspark, a new project that aims to expand the capabilities of Bitcoin and the Lightning Network.
- Infinity Wallet now supports the Cronos chain, including CRC20 tokens and DApps.
- Cronos (CRO) saw a +4.25% increase in total transactions to 40.96M, while the total number of wallet addresses increased to 802,670, up +5.43% from last week.
Highlights
- Bitcoin miner Bitfarms scales back growth plans for 2022 after drop in revenue, net profit
- Bitcoin miner Iris Energy reiterates hashrate view; revenue misses estimates
- Cardano releases new Daedalus wallet updates
- Celer cBridge partners with Crabada’s Swimmer Network to enable cross-chain asset transfers
- Celsius announces plans for an IPO of its Bitcoin mining subsidiary
- Fantom upgrade: Introducing Snapsync
- Major validator calls for ‘Completely new chain’ to replace Terra
- Polygon burned additional than 1.6 million MATICs in just 4 months of implementing EIP-1559
- Polygon and others extend helping hand to Terra blockchain projects
- StarkGate Alpha: Introducing the First Version of StarkNet Bridge
- The latest Zcash software release supports the network’s ‘Largest upgrade in history’
Layer 1 Project Metrics
* % change is based on the difference between two subsequent bi-weekly periods
† Sum of P, X and C-chain total transactions
‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan, Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, Cronos Explorer, DeFi Llama
Layer 2 Project Metrics
* Figure refers to Lightning nodes with active channels
† Ronin is the sidechain developed by Sky Mavis for Axie Infinity
‘–’ denotes missing, unavailable, or incomplete data
Sources: DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer
