Hot Developments From LUNC, XRP and These 8 Altcoins!

Ripple, the company behind the XRP token, is gaining weight in the corporate space with its recent collaborations in Japan. Hot developments from Astar, LUNC, Aark Digital and other altcoin projects are as follows…

LUNC, XRP and 8 altcoins announce new news

Astar Network, Primer 2.0 will be released soon

Polkadot-based Astar Network has announced that it will release Astar Tokenomics 2.0. The network has already removed 80% of transaction fees in circulation already. However, the team aims to increase the amount of burning even more with “DApp Pledge Burning”.

According to the announcement, projects belonging to the dApp commitment part will be classified according to their value in the network. Primer 2.0 introduces a new token economy model for ASTR. The project has recently announced that it will launch the SDK and the Astar Link, Startale Labs and the establishment of the Astar administration.

SBI VC Trade to collaborate with Ripple (XRP)

SBI VC Trade, a trading platform within the Japanese SBI Group, is collaborating with Ripple (XRP) to leverage XRP’s international remittance infrastructure ODL. Detailed announcement about the transfers will appear later. ODL is an on-demand liquidity service provided by Ripple. It is especially preferred because of fast and efficient cross-border fund transfers.

CME Bitcoin futures volume makes ATH

CME Bitcoin futures hit the highest monthly trading volume of this year in July. Volumes are currently hovering over 53.33 billion.

Aark Digital announces launch of Beta version and recommendation system

On-chain derivative DEX, Aark Digital, announced that it will launch its Beta version on August 10. In addition, Aark Digital will launch a referral system on July 31. Previously, OKX Ventures had invested in Arbitrum-based Aark Digital. Aark is a next generation GMX style leveraged decentralized exchange for professional traders.

SolidProof and Kyber Network collaboration

As Cryptokoin.com reported, the altcoin project Kannagi Finance in ZkSync Era came up with rug pull today. After the incident, blockchain security audit firm SolidProof started collaborating with Kyber Network on the investigation.

SolidProof stated that it did not audit the Vault contract regarding the incident, it was audited by SolidityFinance.

Messari publishes comprehensive Graph (GRT) report

Analytics platform Messari has released The Graph’s second-quarter 2023 report. The Graph’s demand-side revenue in USD decreased 48% QoQ.

BlackFort Exchange Network (BXN) introduces its new nodular Blockchain

BXN’s cutting-edge innovation reshapes the decentralized finance and smart contract execution environment by offering unprecedented speed, scalability and compatibility with the Ethereum Virtual Machine (EVM). The nodular blockchain architecture represents a significant advance in blockchain technology.

By implementing a secure Proof-of-Stake consensus mechanism, BXN provides transparent and efficient transaction verification, ensuring that all transactions are processed quickly without compromising security. This revolutionary approach allows BXN to achieve lightning-fast approvals while maintaining the highest level of decentralization.

Shiba Inu (SHIB) witnesses abnormal whale operations

Santiment reported that whales holding 10 to 100 billion SHIB have added $9 million over the past 8 weeks. These acquisitions helped SHIB return to the top 15 by market cap. Since June 4, such wallet addresses have bought 1.11 trillion SHIB. Santiment drew attention to abnormal purchasing activities in its report.

LUNC burns reach new milestone

According to current reports, the total LUNC burned by the community has reached 70 billion. These burns represent another milestone since May 18, 2022. More than 50 contributions have been made by burning approximately 36 billion LUNC on Binance.

DOJ tries to revoke SBF’s bail

The US Department of Justice has submitted a written opinion to a federal judge seeking to revoke the bail of former FTX CEO Sam Bankman-Fried.

Prosecutors alleged that SBF cast a shadow over her by sharing the diaries of Caroline Ellison, her former colleague and CEO of Alameda Research. They also claimed that the SBF repeatedly harassed the journalist who wrote the article about Ellison. Federal prosecutors state that these moves by the SBF adversely affected the course of the court. Authorities also stressed that he should remain in jail until his trial in October. Judge Lewis Kaplan allowed time for both parties to submit their requests in writing. It was stated that the final decision on whether or not SBF will be jailed will be made on 3 August.

Wintermute to move 4% of its employees to Singapore

An executive of Wintermute stated in an interview with Bloomberg News that about 4% of the company’s employees will be moving to Singapore in the next few months. He confirmed that the company’s co-founder, Yoann Turpin, will also move to Singapore.