We share with you the latest news from the altcoin market. This week has seen many highlights, from the $2.4 million BAYC NFT hack to Elon Musk’s acquisition of Twitter. Accompanied by this news, while the Dogecoin price jumped by 20 percent, we see that some whales are accumulating popular tokens such as SHIB and SAND. Here are the details…
News of the week from Dogecoin, SHIB and Polygon
- Polygon (MATIC) hits a new adoption milestone with over 19,000 decentralized applications (dApps) running on its network announced its arrival.
- Ripple company and several major cryptocurrency exchanges transferred 115.3 million XRP, while the San Francisco-based tech firm moved more than half of the total amount.
- As shared by Tim Harrison, IOHK’s vice president of community and ecosystems, Cardano’s parent company IOHK and Wanchain are collaborating. Wanchain will be an EVM compatible sidechain for Cardano.
- Ripple has announced the latest teams of NFT makers to join the company’s Creator Fund, which offers $250 million in funding. The $250 million fund will allow developer teams to use XRP Ledger to build and launch NFT projects.
- Bitrue adopted Solana (SOL) on its base currency list. In February, Bitrue announced adding support for Cardano (ADA) as its base currency.
- Iota (IOTA), a protocol designed for the Internet of Things, is trying to soften the EU’s stance on non-hosted wallets, Politico Europe reports.
- More than half a billion SHIBs have been removed from circulation since Tuesday morning, according to data provided by Shiburn.
- Deodorant brand Ax will launch a Dogecoin themed deodorant.
- SushiSwap (SUSHI), after internal discussions plaguing the ecosystem, Trident AMM 2.0, MultiChain launch, Shoyu redesign, limit orders, Sushi guard etc. announced that it will continue to work on versions including
- ETP issuer 21Shares and ByteTree Asset Management have released an ETP that tracks the price of gold and Bitcoin.
- Bybit announced the release of Aurigami (PLY). Aurigami is a decentralized, unsupervised liquidity protocol. The protocol allows users to effortlessly lend, borrow and earn interest on their cryptocurrencies.
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