Panama’s Legislative Assembly Approves Cryptocurrency Regulation Bill
Fireblocks Adds Support for Terra

World’s First Supercar Ownership NFT Series Launched in Dubai

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Today’s Cryptocurrency Headline

The world’s first supercar ownership non-fungible tokens (NFT) series was launched in Dubai on Friday, with the first three NFTs selling within minutes. NFT holders will receive digital and physical artwork from NFT artist Idriss B and will be able to drive the Mercedes-AMG GT Black Series for one month per year. 12 NFT buyers will share ownership of the Mercedes-AMG GT Black Series. The initial value of each NFT is 25 ETH.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to Be[In]Crypto Research, the trading volume recorded for Terra (LUNA) during the first quarter of the year was approximately $223.39 billion. Additionally, Terra opened on January 1, 2022, with a total value locked (TVL) of $18.45 billion. This increased to $28.95 billion on March 31, 2022. Overall, there was a 56% increase in Terra’s opening and closing TVL in the first quarter of 2022. BTC is up 3% over the last 24 hours,  trading around $40,400. However, the bitcoin price fell to an intraday low of $38,200, the lowest since March 15, indicating the bulls are buying the dip. The buyer will push the price above the 20-day exponential moving average (EMA) ($41,004). If they manage to do that, we could see the price rise to $43,000.

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