Altcoin News

The new Terra (LUNA) blockchain went live on Saturday, with the newly airdropped LUNA token seeing extremely volatile trading on its first day, before stabilizing and gaining some ground later in the weekend. Despite having become a controversial project, the new LUNA token can already be traded on a number of large exchanges.

Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks.

Popular dog-themed meme coins shiba inu (SHIB) and dogecoin (DOGE) may get a boost as the former plans to expand its ecosystem with a range of new products, while the latter will reportedly be accepted as a payment method at The Boring Company's newly-opened transit station in Las Vegas.

Bitcoin price is facing hurdles near USD 35,000. Ethereum might struggle to settle above USD 1,120, XRP is facing resistance near USD 0.300. ZEN extended its rally by 37%, and ZEC is up over 12%.

Bitcoin price extended decline towards USD 42,500. Ethereum dived to USD 3,300, XRP declined 9% and tested USD 0.72. BNB, SOL, and DOT are down over 9%.

Polkadot (DOT) creator Gavin Wood has found himself under fire from various crypto industry observers after pledging he would donate USD 5m worth of crypto to Ukraine’s fight against Russian military aggression, but only if the country’s government posted an address in the blockchain’s native token DOT.

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Evidence is emerging to suggest that Do Kwon (real name Kwon Do-hyeong) may have been aware of a storm brewing for the terra (LUNA) platform – and that the Terraform Labs mastermind may have taken action to dissolve parts of his company as early as last month in anticipation.

The Terra (LUNA) ecosystem "Revival Plan 2," the latest revival plan proposed by the Terraform Labs founder and CEO Do Kwon that was put to vote last week, is nearing its deadline and is set to be confirmed.

The popular meme coin shiba inu (SHIB) once again saw a massive pump over the weekend, rising by more than 50% on Saturday and Sunday before a correction reduced the gains as the new week started. And based on experience from other meme coins, even deeper corrections could arrive when the hype dies down.