Justin Sun-Affiliated Wallet Sends $100M To Huobi – January 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,828

Bitcoin price continues its low-volatility trend as price begins the day at yesterday’s opening price, in the high $16,000s.

Top-20 altcoins have seen small moves, as Ether and BNB each gain 1%, Tron drops 4% and Cardano gains 3%.

Top Stories for January 6, 2022 πŸ”₯

πŸ‘‰ Justin Sun-Affiliated Wallet Sends $100M To Huobi

A wallet associated with Tron founder (and Huobi advisor) Justin Sun has transferred a total of $100 million in stablecoins to cryptocurrency exchange Huobi.

The transfer consisted of two transactions of $50 million each in USDC and USDT. Huobi is currently under scrutiny following rumours of changes at the company, including layoffs and the payment of employee salaries in stablecoins rather than fiat currency.

Following the transactions to the platform, users noted that a $1 million “buy wall” had appeared on Huobi Token – in an apparent effort to prop up its value.

πŸ‘‰ DeFi Protocol Balancer Warns Users To Remove Liquidity ASAP

Balancer, a decentralized finance (DeFi) protocol, has warned liquidity providers to remove their assets from certain pools “ASAP” due to an ongoing issue.

The protocol has set fees for certain pools to zero in an attempt to mitigate the issue, which it plans to disclose in more detail in the near future. Balancer is the sixth largest decentralized exchange by trading volume, with a daily trading volume of over $52 million.

The announcement has caused some concern among the community due to its lack of detail.

πŸ‘‰ Shopify Expands NFT Integration Using Avalanche Blockchain

E-commerce platform Shopify has expanded its non-fungible token (NFT) integration, enabling millions of merchants to design, mint and sell NFTs based on the Avalanche blockchain.

The Venly Shopify merchant app allows storefronts to sell NFTs with minimal technical knowledge. The NFTs can be displayed and purchased on their storefronts, with users not requiring an existing crypto wallet.