This week, multiple altcoins have distributed million-dollar prizes to new projects as part of various Hackathon events. The main headlines of the recent developments are as follows…
Award-winning altcoin projects of the week
- The winners of the Injective Hackathon 2023 have been announced. The first is the options contract Exotic Markets, the second is the lending contract iLend, and the third is the asset management contract Black Panther.
- The Sui Foundation awarded $986,000 to 11 Sui-based projects. Awarded projects: Web3 data infrastructure company BlockVision, gamification experience tool provider HolaSui, KSui for client setup with Sui, Lotus Galaxy developing NFT tools, open source API and tool developer Move Dev, Orange Comet, Pyth Network, Sentio, NFT platform Somis. xyz and social app Suia.
- Polkadot ecological smart contract platform Astar Network has announced that it will launch Astar 2.0 and SDK Astar Link, including improving the token economy.
- Delphi Labs announced the winning results of the Delphi Labs Cosmos Hackathon, organized in collaboration with Osmosis, Injective and Neutron. The winning projects are: account abstraction project Obi, privacy project Aegis Finance, and perpetual contract trading project OmxApp.
https://twitter.com/delphi_labs/status/1669389820311863297
Affiliate news
- Automata, the computing protocol for powering Web3 applications, has announced the integration of 1RPC with the Secret Network.
- A wallet affiliated with Curve founder Michael Egorov has reduced its debt by repaying a 1.35 million USDT loan on Aave. Egorov’s move came as Curve’s native token (CRV), used as collateral for the loan, dropped significantly last week, lowering the loan’s health factor and increasing the risk of liquidation.
- Avantgarde Finance Group has partnered with Agio Digital, a cryptocurrency and funds platform, to launch an enterprise-grade on-chain platform.
- Polkadot network announced the official arrival of Polkadot OpenGov, an open governance platform.
https://twitter.com/Polkadot/status/1669331660125478912
Altcoin listing and delist news
Binance has announced that it will delist eight BUSD pairs from its margin trading platform. This strategic decision comes amid a series of regulatory reviews and recent concerns about Binance’s native token, BNB. Delisted trading pairs: FARM/BUSD, LSK/BUSD, MBL/BUSD, PLA/BUSD, PUNDIX/BUSD, SC/BUSD, MBL/BUSD and PUNDIX/BUSD.
https://twitter.com/binance/status/1669253407960453120
OKX has listed Omega Network (OMN) in the OMN/USDT pair.
https://twitter.com/okx/status/1668565442250821633
It started trading for OMN/USDT on KuCoin.
Biconomy has listed AI Network (AIN) in pair AIN/USDT.
https://twitter.com/BiconomyCom/status/1668918059682201601
Coinstore has announced that it will list WAGMI Game (WAGMIGAMES) on the 1MWAGMIGAMES/USDT pair.
https://twitter.com/WagmiGameCo/status/1669089241840615424
As reported by Kriptokoin.com, Binance has announced that it will delist Pepe (PEPE) from the Flexible Loan platform.
#Binance Flexible Loan has delisted PEPE as a borrowable asset.https://t.co/dHwFs7ilbp
— Binance (@binance) June 16, 2023
Announcements
Crypto trading platform Hashflow has guaranteed that it will refund affected users after the exploit, in which at least $600,000 in cryptocurrencies were stolen from its platform.
https://twitter.com/hashflow/status/16695418242333365505
Prometheum founder Aaron Kaplan says he will win the SEC’s lawsuit against leading blockchain firm Ripple.
Prometheum CEO Aaron Kaplan Predicts @ripple loss
He sure does invoke Gensler/the SEC and what he thinks they are thinking and doing a lot. Reminds me of the way Joseph Lubin talked before #ETHGATE was uncovered @JohnEDeaton1 @bgarlinghouse @s_alderoty pic.twitter.com/9H5o6Q6bkQ— Digital Asset Investor (@digitalassetbuy) June 15, 2023
Decentralized finance (DeFi) protocol Sturdy Finance has reopened the stablecoin market after suffering a recent vulnerability on its platform. On June 16, it announced that it is not pausing the stablecoin market and allowing users to access its funds.
https://twitter.com/SturdyFinance/status/1669501561339523073
Events
KDA and FLUX will hold an AMA on Twitter tonight at 9 PM.
https://twitter.com/RunOnFlux/status/1668940191183036416
MAP Protocol (MAP) shared details about the Seoul Hackathon at an AMA meeting today.
https://twitter.com/MapProtocol/status/1668895406523310080
Secret (SCRT) will hold a Discord event tonight at 20:00.
Don't miss @AlchemyLearn's AMA on Friday, June 16!@SecretSeanrad will answer questions in a session for beginning developers, happening exclusively on Discord at 5pm UTC / 1pm EDT. Follow the link to join, and have your questions ready!
Join: https://t.co/6dlw5uCiQx$SCRT pic.twitter.com/HV6Jn1gjSX
— Secret Network (@SecretNetwork) June 14, 2023
BAND and ZEN will hold an AMA today at 5:30 PM.
https://twitter.com/BandProtocol/status/166925997124992000
market analysis
According to Coinecko data, in the first half of 2023, only BGB, LDO, APT, GRT, RNDR and STX outperformed BTC among the top 50 crypto projects by market capitalization.
https://twitter.com/bitget_pt/status/1669556543216287747
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