Beware of SHIB, MATIC and These 14 Altcoins: Here are the Stunning Announcements!

The cryptocurrency market is reacting in double digits to the Fed’s interest rate decision. The entire market was in the green today, including Bitcoin and Ethereum. Meanwhile, a large amount of whale transactions took place on MATIC and DOGE. Here are the hot developments from the SHIB, ADA, XRP, ETH and altcoin market…

Mysterious whale buys MATIC worth $4.2 million

• Ripple General Counsel Stuart Alderoty said that the cryptocurrency market needs logical regulation. Alderoty’s statements implied that the SEC lacked these regulations. Ripple’s lawyer describes the SEC’s approach as “bullying.”
• The Terra ecosystem has announced that it will upgrade its network after submitting offers to install three new updates. Upgrades; It includes suggestions such as enabling the creation of vesting accounts through normal transactions, correcting the properties of an incorrectly whitelisted wallet address, and initiating transactions for users to send tokens to the community pool.
• Analytical firm Santiment said on the day that the Ethereum network set a new record for the number of daily active addresses, reaching 1.06 million, 48% higher than the previous record.
• Ethereum whales “Gimli” and “BlueWhale0159” bought 527 billion SHIB worth $5.96 million today.
• An anonymous Ethereum whale has purchased 271 million MATICs, according to data provided by WhaleStatas. Whale paid $4.2 million for this amount of MATIC.
• Solana-based Nirvana Finance was hacked, causing its own DeFi protocol token ANA and the NIRV stablecoin to plummet by 90%.

Cardano-based metaverse project announces new plans

• Dogecoin developers have launched a new solution to combat the growing threat surrounding DOGE. Announced Dogepedia, a platform that will provide ten accurate information about the meme coin.
• Ethereum announced that it has completed the 10th Shadow Fork on the testnet before finalizing the transition to PoS in September. The next testnet fork, called Goerli, will be executed on August 10. The scheduled date for Merge is September 19.
• Cardano-based metaverse project Pavia has announced the project’s new roadmap and a new version of its website.
• In the poll, conducted by a Twitter user named @LaPetiteADA, participants were called upon to decide whether Charles Hoskinson should continue to lead the research and development of the project. 80% of respondents voted in support of Hoskinson.
• Web3 critic Liron Shapira said it “shouldn’t have come as a surprise that end-user demand was completely absent” for Helium (HNT). Shapira criticizes Helium’s $6.5k monthly revenue.

• Solana has announced that it will open a store in New York for its Android phone.
• As you follow on Kriptokoin.com, Wemade, a South Korean gaming and blockchain company, announced that they are ready to provide liquidity in Uniswap.
• In a recent blog post, Polygon discussed its journey through the first half of 2022, when several milestones were reached. Regarding network growth, the number of running applications reached over 19,000 as of April analysis. Polygon shared detailed on-chain data on its Twitter account.