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Crypto Morning Briefing: Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad

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Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad

Non-fungible token (NFT) marketplace Magic Eden said Thursday it’s rolling out a creator launchpad for Ordinals, helping creators successfully inscribe their Bitcoin-based NFT collections.

DEX Aggregator, DODO Now Allows Users to Buy Shiba Inu with Fiat

DODO, an innovative algorithm-driven and decentralized trading platform, recently announced that it has successfully integrated Alchemy Pay’s on and off-ramp solution onto its platform. This integration will allow DODO users to seamlessly purchase Shiba Inu (SHIB) as well as several other supported crypto assets with fiat currencies.

Stablecoin Tether's Market Capitalization Nears Record High of $83B

Tether (USDT), the world's largest dollar-pegged stablecoin, is thriving, having survived the Terra-induced turmoil of mid-2022. The market value of the stablecoin continues to rise and is now within a whisker of its record high.

CryptoCom Adds Support for Bone/Shiba Inu Trading Pair

Crypto.com, a leading Singapore-based cryptocurrency exchange, has extended support for Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange ShibaSwap. The exchange has introduced additional BONE trading pairs, including BONE/SHIB.

ApeSwap Announces the Release of ApeSwap V3

ApeSwap has taken this opportunity to officially announce the release of ApeSwap V3. This makes use of the most recent industry benchmark strategy for focused liquidity. The scalability will provide advantages for both ApeSwap and its connected users in the form of a higher level of capital efficiency, which will, in turn, improve and broaden exposure for all parties involved.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,993.49 USD, dropped by 0.62% in the last 24 hours;

ETH’s live price is $1,865.16 USD, dropped by 2.38% in the last 24 hours;

BNB’s live price is $312.39 USD, dropped by 0.69% in the last 24 hours;

XRP's live price is $0.4998 USD, dropped by 0.79% in the last 24 hours.

Fundraising News

Venture Capital Bitkraft Raises $220.6M for Second 'Token Fund'

Gaming-focused venture capital firm Bitkraft raised $220.6 million for its second "token fund," which had a total target of $240 million, according to a March 30 filing with the U.S. Securities and Exchange Commission (SEC).

Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore

San Francisco-based Lore, a co-ownership platform for Web3 collectives, has raised $4 million in a strategic funding round led by Multicoin Capital The capital will enable new use cases and expansion to additional blockchains beyond Ethereum, starting with Polygon and Solana.

Nigerian Crypto Foreign Investment Is at a Record Low: Study

Foreign direct investment (FDI) in Nigeria dropped by 33% in 2022 due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country, according to the National Bureau of Statistics. Despite the exponential growth in crypto adoption, FDI declined to $468 million from the previous year's $698 million. Nigeria has a high adoption rate of crypto, with more active adult crypto traders than most countries due to the constant devaluation of the naira.

Chinese State Insurance Firm Launches Two Crypto Funds in Hong Kong

CPIC Investment Management, a subsidiary of China Pacific Insurance Company (CPIC), is reportedly launching two cryptocurrency funds in partnership with investment firm Waterdrip Capital. The new crypto funds include a venture capital fund focusing on investments in early-stage blockchain projects and a fund managing proof-of-stake digital assets.

Blockchain Payment Platform Bitmama Raises Pre-Seed Funding to Solve Cross-Border Payment Limitations in Africa

Blockchain-based payment platform Bitmama, founded by Nigerian entrepreneur Ruth Iselema, has secured funding in a pre-seed round to improve financial transactions in Africa through the use of cryptocurrency.

Patientory Raises $1.5 Million to Launch HIPAA-Compliant Health Data Wallet App and Clinical Trial Tracker

Blockchain-based healthcare startup Patientory has raised an additional $1.5 million to fund the launch of its HIPAA-compliant consumer app and secure enterprise portal.

Bitcoin Bitcoin $64,084.02
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Bitcoin Ordinals NFT Shiba Inu stablecoin Tether USDT BONE
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