Tesla Sold $272 Million Worth of Bitcoin in Q1 2021

Tesla Inc. has sold 10% of its Bitcoin holdings. In an investor call event, the electric vehicle maker reported its Q1 2021 earnings report and revealed the sale of $272 million worth of Bitcoin holdings and a “$101 million positive impact”. The $272 million sales will leave at least $1.33 billion in Bitcoin on Tesla’s balance sheet, according to the price at February 8 transaction.

mStable launches on Polygon hopes to attract Defi users ‘priced out’ of ETH

mStable has launched its savings account, stable coin, and swap services on Polygon to reduce fees. mStable’s interest-generating savings account, two of its “risk minimized meta-stable coins,” and asset swapping features now live on Polygon, offering its users reduced fees compared to its Ethereum main net deployment.

Aave v2 launches liquidity mining program targeting stable coin borrowers

Aave has launched its v2 liquidity mining program, offering roughly $880,000 worth of governance token rewards to users daily until July 15. Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stable coins. 

XRP recaptures bullish momentum, drawing close to $2

Ripple closes in on $1.5 after rebounding from critical support at $1. Ripple is up 26% over the last 24 hours following a rebound from the support established at $1. This recovery took place in tandem with Bitcoin’s return above $50,000 and Ethereum’s rally past $2,500. XRP trades at $1.4 at the time of writing amid the bullish impact from the falling wedge pattern.

LUNA’s Tokenomics Points To A Sustain Rally

Terra (LUNA) has been moving sideways during the past day but record impressive gains in the weekly chart with a 30.1% profit, at the time of writing. On the 1-year chart, the token has 8,794% in profits. The project has seen several partnerships. However, its core strength seems to be its tokenomics.

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Crypto-Labs | By Anubha Singh