Crypto Market Overview May 4th | Dex-Trade

Crypto Market Overview May 4th | Dex-Trade

ApeCoin Soars 15% Thanks to "Mask Effect"

Today, the newly minted owner of Twitter unexpectedly changed his profile picture on the social network to the image of one of the Bored Apes included in the cult Bored Apes Yacht Club NFT collection, the most popular series of tokenized images, as a result of which the native token of the project, ApeCoin (APE), almost instantly skyrocketed in price by 15%. Now the Twitter Avi is a collage of many Bored Apes, centered on a rare ape with solid golden fur (presumably a character from BAYC #1837). The CEO of blockchain company Chain, Deepak Tapliyal, claims that Musk purchased BAYC #1837 through MoonPay back in February 2022. And now to the numbers. BAYC #1837 was purchased for an impressive 569 ETH. At current prices, this is equivalent to $ 1.6 million. However, according to the leading NFT market OpenSea, the Bored Ape associated with the Mask avatar is currently owned by MoonPayHQ. But not everything is so clear, as recently a photo began to “walk” on Twitter, in which the CEO of Telsa is “immortalized” with a member of the MoonPay team. According to rumors, Musk allegedly met with representatives of the company a few days before the record purchase of BAYC #1837. Is it so? We have no arguments in favor of this version. But now we know for sure that the "Mask Effect" does not only apply to Dogecoin.


Uzbekistan Wants to Mine Cryptocurrencies on Solar Panels

After yesterday's presidential reform in the field of digital assets, the government of Uzbekistan is offering cryptocurrency miners to power their farms with solar energy. At the same time, miners and companies will have the right to connect to the country's power system, but they will have to pay almost twice as much for this. In addition, the government of Uzbekistan reserves the right to charge additional fees (their amount is not specified) during periods of peak consumption and the highest load on the network. By the way, according to the decree adopted yesterday, miners in the country will no longer need to obtain a mining license, however, companies and private miners will be required to register with the National Agency for Advanced Projects, formed yesterday. Whether this registration fundamentally differs from obtaining a license is still unknown. So far, it’s only clear that the authorities of Uzbekistan are adopting the experience of neighboring Kazakhstan, which last year became the second mining center in the world after the United States in terms of production volumes. In Kazakhstan, this initiative, as we recall, ended with the adoption of severe restrictive measures against mining, as the country's energy system, based on obsolete coal-fired power plants, began to regularly experience large-scale failures.


Kraken Announced the Opening of a Native NFT Platform

The blog of the large American crypto exchange Kraken published information about the opening of the native trading platform Kraken NFT, where the complete absence of commissions for users has already been announced, though only within the framework of the platform. When it comes to adding NFT to the platform or withdrawing a token, you will have to pay. On the other hand, the Kraken team promised future users of the site several nice bonuses, including: the ability to track the rarity of their NFTs, as well as receive spontaneous rewards from the site, accumulated from the resale of tokens. Kraken NFT will accept over 120 different assets, as well as support NFT on multiple blockchains, including Ethereum and Solana, which will be available from platform launch. Which blockchains will be supported in the future has not yet been announced. And now — the most interesting. There is not even an approximate date for the opening of the site yet. Kraken's CEO, Jesse Powell, previously reported that the company planned to launch an NFT platform in December of this year, but this time there were no details. All that is known about the project is the waitlist published yesterday and a few feature announcements.