Increasing prices are spoken in the crypto money market this week. However, there is important partnership, upgrade, integration and listing news from SHIB, DOGE and 12 altcoins. Here are the hot developments from the cryptocurrency market.
Ethereum staking service Lido announces layer-2 expansion
- Symbiosis Finance has developed its own stablecoin-based cross-chain liquidity solution. The protocol uses stablecoins to ensure that liquidity providers (LPs) do not suffer any permanent loss.
- Aave announced its expansion to Pocket Network to power decentralized applications (dApp). According to the announcement Tuesday, Aave will use Pocket’s distributed network of more than 44,000 node operators to power decentralized applications from various networks and access data on the Blockchain. Developers building Aave-powered DApps can access Blockchain data from Pocket Network on demand following the new integration.
- ApeCoin price rallied 45% after the Otherside metaverse demo. In doing so, it broke out of a technical pattern that marked another 45% price rally by September 2022. Yuga Labs invited 4,300 players from the Otherside gaming metaverse for a demo and tour of the Bored Ape avatar online platform on APE’s rally day.
- Ethereum staking service Lido has announced its layer-2 expansion. In a blog post on Monday, the Lido team stated that it will initially start by supporting Ethereum (ETH) staking to L2s via bridges using wrapped stETH (wstETH). Going forward, it will allow users to directly own stakes in L2s “without the need to reconnect their assets to the Ethereum mainnet”.
Shiba community burned 573.94 million SHIB in last 24 hours
- THORChain has activated the kill switch that will phase out support for BEP-2 and ERC-20 based variants of the RUNE token. BNB.RUNE and ETH.RUNE, also known as IOU, are being replaced by upgraded and fully native RUNE after THORChain’s long-awaited mainnet phase late last month. As a result, the RUNE price gained more than 18%.
- Atomic Wallet has announced that enthusiasts of the popular meme token Baby DogeCoin (BabyDoge) can purchase the token directly from its platform. According to Atomic Wallet, over 4 million users can now purchase BabyDoge in 18 local currencies using SEPA or credit cards including Visa and Mastercard.
- According to Shibburn.com, the Shiba Inu community has sent 573,944,829 (573.94 million) SHIBs to dead wallets in 31 separate transactions in the past 24 hours.
- DogeWhaleAlert has reportedly moved 3.2 billion DOGE worth approximately $218 million to cold wallets by Robinhood.
- Tony Hawk, one of the world’s most popular skateboarders, has announced a partnership with The Sandbox and Autograph to build a skate park in the metaverse.
ENS-based domain “amazon.eth” sold for 1 million
- As we reported on Kriptokoin.com, Lido Finance’s token LDO has reached the top 3 most purchased tokens among Ethereum whales today. Details can be found here.
- An Amazon domain purchased through the Ethereum Name Service (ENS) was purchased for $ 1,000,000. On October 18, 2019, “amazon.eth” purchased for $20,000 saw an offer of $1 million. This is also one of the biggest NFT sales of recent times.
- SOMA.finance has announced that it will support the issuance of Meta Hollywood ‘digital securities’. SOMA.finance, the first US-compliant DEX platform, will be used by Meta Hollywood as a token distribution platform for fans.
- Cardano’s Input-Output joined the American Chamber of Commerce Mongolia institution.
- Coinbase CEO Brian Armstrong said that Uniswap will not be able to surpass the exchange’s trading volume.
- Ripple has confirmed that it has sold all 9 billion XRP, which its founder and former CTO Jed McCaleb received as compensation and is unlocked at a certain interval. These sales were increasing the selling pressure on the XRP price. Jed McCaleb has no more XRP left in his wallet.
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