Crypto Market Highlights April 1, 2022

Crypto Market Highlights: General News

  • El Salvador will be the home of the World Blockchain Festival in April. The World Blockchain Festival sponsored by the government of El Salvador will be a discussion forum on blockchain technology, Bitcoin, DeFi and tokens. But it will also have recreational and commercial activities for attendees on April 21, 22 and 23. The event is organized by Spartan Hill, a Colombian company that specialized in blockchain projects. It will be a mix of education, fun and networking, as there will be conferences on topics of interest related to bitcoin and other cryptocurrencies. 
  • Shiba Inu whales increase 103% token in their wallet in the last 24 hours. According to WhaleStats, the average balance of Shiba Inu among the largest wallets doubled, which indicates that whales are not losing interest in the SHIB token. These whales have recently purchased more than 470 billion Shiba Inu tokens worth approximately $10 million. Such large purchasing events allowed Shiba Inu to reach the first place as the second-biggest holding among Ethereum whales worth $1.2 billion.
  • Chiliz, the parent of fan token platform Socios, launches its first public testnet named Scoville. Chiliz is developing a second-generation blockchain to let other sports and entertainment brands build all sorts of potential Web3 applications alongside Socios—from NFTs to games, DeFi apps, and more. The Socios platform has signed soccer giants like FC Barcelona, Paris Saint-Germain, and Juventus, plus the UFC, F1 teams, and esports clubs—over 130 partners in total. And Lionel Messi is the new face of the platform.
  • Binance will be the Recording Academy’s first-ever official cryptocurrency partner for the 64th annual Grammy Awards, which begin this Monday at 10 a.m. This year’s awards will be held at the MGM Grand Garden Arena in Las Vegas, rather than the usual locations in Los Angeles or New York. Trevor Noah of The Daily Show is hosting, while nominees Billie Eilish, Olivia Rodrigo, BTS, and Lil Nas X will perform. Other activities during “Grammy Week” are part of the collaboration, including the first Recording Academy Honors party the night before the awards show, where John Legend will be honoured with a global impact award.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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