Here is what we are covering today:
🔥LUNA jumped with over 10%
🔥Okcoin and its own NFT marketplace
🔥Coinbase: SEC’s definition of exchanges does not work
🔥Bitcoin and Ethereum ETFs in Australia
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🔥LUNA jumped with over 10%
LUNA, the main token of Terra's network, jumped from $88.65 to $ 95.82 in the last 24 hours after the crypto market began its post-Easter recovery.
The token is up by more than 10% in the last seven days and by 6.01% for the last 24 hours.
LUNA is currently booming with a market capitalization of $ 33 billion, ranking it eighth among the other top cryptocurrencies.
The mooning of the LUNA token could be caused by one of the network's best-known decentralized stablecoins. Recently UST became the third-largest stablecoin by market capitalization. One step ahead are Tether and USDC.
🔥Okcoin and its own NFT marketplace
The NFT craze is far from its end. Now another cryptocurrency exchange is joining the competition trying to take a piece of the NFT pie. Okcoin has announced that it will create its own marketplace, which will be launched later this year.
The company joins Coinbase, FTX, and Binance. In addition, the business will not charge transaction fees and will not put limitations on the royalty fees the creators receive for secondary purchases of their work.
"Only gas, no fees," reads the waitlist for the NFT marketplace.
Okcoin noted that it will work on allowing users to buy NFT directly with fiat.
The platform will support different blockchains including Ethereum, Polygon, and Binance Smart Chain.
Meme of the day:
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🔥Coinbase: SEC’s definition of exchanges does not work
Coinbase chief legal officer, Paul Grewal, wrote an extended tweet that the SEC should change the definition of an exchange, saying the institution is “going beyond its authority.”
The SEC proposal seeks to broaden the definition of an exchange to include “systems that offer the use of non-firm trading interest and communications protocols to bring together buyers and sellers of securities.”
According to Grewal, the new text would impact decentralized exchanges, other DeFi protocols, and even DAOs.
The text says that each person might need to submit SEC filings to register as an exchange.
Earlier this week, Coin Center also sent a letter to the SEC, saying the legislation is "unconstitutional."
🔥Bitcoin and Ethereum ETFs in Australia
Two ETFs have been approved by the Australian financial authorities. They are named ETFS 21Shares Bitcoin ETF and ETFS 21Shares Ethereum ETF and will track the price of the two leading cryptocurrencies in Australian dollars.
Thus, Australia is joining Canada, leaving the United States far behind.