Daily Crypto News

March 16 Daily report: NFT DApps are driving $10m in daily volume, BTC price slips below $55,000, Cardano’s addition to Bloomberg Terminal could be bullish, SushiSwap Launches on Avalanche and Ripple Asks Documents Regarding Bitcoin and Ethereum

The four-largest NFT DApps are driving $10m in daily volume

According to DappRadar, the top four decentralized NFT apps now drive $10 million in volume each day. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than $10.57 million worth of secondary NFT DApps sales over the past 24 hours.

NFT DApps related altcoins reaches all new highs.

Bitcoin bulls take a breather while BTC price slips below $55,000

Sellers pushed Bitcoin price below $55,000 even as record-high BTC futures open interest and optimism surrounding the issuance of $1,400 stimulus checks for Americans had traders anticipating a rally. Bitcoin price sold off on March 15 as bears pushed the price back into the mid-$50,000 range a few days after (BTC) hit a new all-time high above $61,000.

Cardano’s addition to Bloomberg Terminal could be bullish despite investor scrutiny

While Cardano has certainly had an action-packed year, it seems that its popularity is about to soar significantly in the months to come. The reason behind this isn’t the major updates planned for the protocol, but the increased interest from major investors, both from traditional finance and the crypto industry.

SushiSwap Launches on Avalanche, Bringing Another Leading DEX to Avalanche’s Growing Defi Ecosystem

SushiSwap, an automated market-making (AMM) decentralized exchange (DEX), expands to Avalanche, offering users another high-quality trading venue in Avalanche’s rapidly growing decentralized finance (Defi) ecosystem. Users can perform core swaps and liquidity mining as they do with SushiSwap on Ethereum, but with lower fees and faster transaction finality.

Ripple Asks Court to Force SEC to Produce Documents Regarding Bitcoin and Ethereum

Ripple wants the regulator to produce documents regarding Bitcoin and Ethereum, the two largest cryptocurrencies that have been defined as non-securities. In a motion filed on March 15, they claim that the SEC has failed to produce any documents apart from the ones that were selected by the regulator.

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