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πŸ¦ŽπŸš€ Stable coin, unstable supply πŸ’Ή

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See ya in March!


Amidst increasing regulatory scrutiny Binance-branded stablecoin BUSD, TUSD has become the fifth largest stablecoin by market capitalization.


Blockchain data reflected on crypto intelligence platform Nansen showed that crypto exchange Binance has been leaning in on trueUSD, minting about $130 million worth of TUSD in the past seven days alone.


The recent uptick brings TrueUSD's stablecoin circulating supply to grow beyond the $1 billion mark, being the highest since August.


In today's news, Yuga Labs explores into the Bitcoin network, Solana network blackout remains a mystery and Ethereum inching closer to Shanghai fork.

Read on!

Get a First Look at Near's Blockchain Operating System


Join Near Day on March 2nd at ETHDenver for a mini-summit on the exciting new products and tech in Near's ecosystem.


Get a first look at the Near Blockchain Operating System — a common layer revolutionizing Web3 browsing and discovery, compatible with any blockchain.


If you won't be in Denver for Near Day, you can still check out the Blockchain Operating System and other ecosystem news by tuning in to the Near YouTube livestream.


To tune in to Near Day on March 2nd, head to near.org/denver for the livestream link.

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Learn how to use Metamask on-the-go! Watch our tutorial video, where we cover a definitive guide on how to use Metamask on your mobile like a pro. πŸ¦ŠπŸ“²

Yuga Touchdown on BItcoin


Creators of flagship NFT project Bored Ape Yacht Club, Yuga Labs, have announced the launch of its inaugural Bitcoin-based NFT project later this week.


The Bitcoin NFT collection TwelveFold will consist of 300 generative art pieces via the Ordinals NFT which has taken Bitcoin by storm.


This first Bitcoin foray comes as a surprise to many due to Yuga Labs' departure from its traditional approaches; such as narrowing on Ethereum-based projects and projects with over 10 thousand items.

Decrypt

What Happened, Solana?


Following recent events, Solana Foundation discloses that investigations are still in progress to find the causes behind the service disruption.


Over the weekend, alt-L1 chain Solana suffered a major outage which saw the network going down for about 20 hours.


Saturday's latest outage is the latest in a series of issues that the Solana network has faced in the recent months; with the blockchain seeing a similar 7-hour outage last September.

Decrypt

Shanghai, Here We Come!


Ethereum's test network Sepolia has undergone a successful upgrade that simulates the highly anticipated Shanghai Upgrade.


The Shanghai Upgrade will mark Ethereum's complete transition to a fully functional proof-of-stake network, enabling validators to withdraw rewards earned from adding or approving blocks to the blockchain.


Following this, the next step before the Shanghai fork goes live will be to release the upgrade on the Ethereum Goerli testnet, which is expected to commence in March.

CoinDesk

What are decentralized exchanges and how do they work? Also find out about how DEXs make money in today's article.


Read more here.

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