Top 3 Stories-DogeFather Tweets And Tokens Rise Again
In the fast changing landscape of cryptocurrencies, even a single tweet from tech billionaire and Twitter owner Elon Musk carries the weight of a seismic event.
The latest instance comes in the form of a tweet from the tech mogul aka Dogefather, proclaiming X, formerly Twitter, as a “dog & Doge friendly place!” in response to his mother, Maye Musk.
Beyond its apparent lightheartedness, this seemingly innocuous statement holds intriguing implications for the price trajectory of various meme coins.
In the midst of sluggish week for memecoins the Elon Musk tweet has proved to be a life saver for memecoins as Dogecoin, Shiba Inu and Floki on Thursday witnessed an uptick of over 2%.
Bomb Pop To Offer Virtual Snacks In Metaverse
Metaverse will become a game changer for various industries and the food industry is no exception. Food brands such as McDonalds, Burger King and KFC are embracing metaverse in order to attract more consumers.
And now, Bomb Pop, a US-based ice pop brand is all set to enter the metaverse. Yes, Bomb Pop has teamed up with Roblox to bring its frozen snacks to the Tycoon 2 restaurant. Users will be able to access a range of limited edition virtual snacks which can be unlocked through virtual sales within the game. Well, Bomb Pop is known for its rocket-shaped red, white and blue ice pop. All the players will have a chance to purchase Bomb Pop themed virtual elements including decorative elements as well as some familiar and most loved restaurant staples.
Solana Integrates USDC Based Payment System On Shopify
Decentralized payment mechanism Solana Pay, developed by Solana Labs, has recently incorporated Shopify, a user-friendly e-commerce platform into its network. With the help of this integration, millions of businesses using Shopify’s platform will be able to accept payments in USDC, the second-largest stablecoin with a market capitalization of $25.9 billion.
Paying using USDC will settle transactions almost instantaneously, unlike typical credit card payments that may take a few days to process. Well as we spoke about the different payment methods,lets understand about what exactly a stablecoin is and how it functions. In simple terms, stablecoin is a digital currency whose value is pegged to another asset class such as dollar or gold and is aimed to reduce price volatility by maintaining a stable value.
However, soon after Coinbase revealed its plans to purchase a minority stake in Circle Internet Financial, USDC decided to launch on six new blockchains including Polygon, Optimism, Polkadot, Near, Cosmos, Base.
Additionally it must also be noted that Tether dominates the total stablecoin market with a total market capitalization of more than $83 billion .
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