Let’s list the most important altcoin developments of the week, from PancakeSwap (CAKE)’s $21 million token burn event to giant companies adding Shiba Inu (SHIB) to their payment methods…
SHIB, ADA, SUSHI, ZEN, CAKE and other News of the week from altcoins
- According to a report by The Australian, a major grocery chain On The Run (OTR) will soon accept payments in Bitcoin and other cryptocurrencies at all its South Australian locations. it will.
- Binance announced that it will support Horizen (ZEN) upgrade and hard fork. The software upgrade to Horizen (ZEN) 3.1.0 will take place on April 5 at 12:00 (UTC). ZEN deposits and withdrawals will be suspended from approximately 11:00 AM (UTC) on April 5th.
- The People’s Bank of China announced that it has expanded its digital yuan testing program to 11 more cities, including Hangzhou, which will host the Asian Games in September. With the latest announcement, the number of cities using digital yuan has reached 23.
- Over the past seven days, Terra’s DeFi ecosystem’s total locked value (TVL) has increased by 17% to reach ATH of $31 billion.
- SUSHI (SUSHI) gained significant momentum in April after registering only $3.65 billion in transactions in March, forecast to exceed $4.4 billion in April.
- PancakeSwap (CAKE) was valued more than 50% after $21 million (13 million) CAKE was burned in the past two weeks.
- India’s Mobile Premier League (MPL) is in talks with several investors, including cryptocurrency exchange FTX, for $2.5 billion funding. According to data provided by
- Santiment, most of the supply has been gathered by individual investors as whales continue to buy Cardano (ADA). According to April 4 data, Cardano wallets with ADA between $100 and $100,000 hit record highs, with 16.8% of the current supply.
- The $610 million stolen from the Ronin (RON) bridge has been laundered through Tornado Cash, which is used to hide the movements of the stolen funds. Approximately 200 ETH has been rendered untraceable.
- PayRange Inc., a mobile payment solution that allows payment through vending machines, announced that it will accept Bitcoin, Ethereum, Shiba Inu and a range of cryptocurrencies.
- Ripple ODL platform Coins.ph has been sold for $190 million to former Binance CFO by owner Gojek, a local tech company.
- 3.2 Quadrillion BabyDoge Coins (BabyDoge), valued at over 10 million USDT, have been permanently removed from circulation. As
- Kriptokoin.com, Ethereum-based DeFi protocol Inverse Finance lost $15 million in a recent hack attack.
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