Last Minute For These 11 Altcoins: Whale Sale Also Available!

In hot developments, the Sui team made an abrupt separation with the decentralized exchange MovEx. Meanwhile, institutional whales like a16z are drawing attention with their hefty altcoin sales. You can take a look at the highlights of the day in this article.

There is important news from these 11 altcoin projects

Sui team parted ways with MovEx

Sui Foundation has terminated its relationship with the decentralized exchange MovEx. The decision resulted from the non-contractual use of the 2.5 million SUI allocated to MovEx.

MovEx had received approximately 2.5 million SUIs, worth $1.6 million at current prices, from Sui for its work on the exchange product DeepBook, subject to a contractual lockdown that allows tokens to be unlocked at specified future periods. However, the Sui team said MovEx violated the contract by initiating three transactions of 625,000 SUI to three wallets. Terminated the partnership agreement.

Andreessen Horowitz (a16z) sends massive MKR to exchanges

In a major corporate transfer, a16z made its second major Maker (MKR) transfer this week. Lookonchain reports that the corporate company has transferred 6,750 MKR to a new address. This transaction carried $8.25 million in fiat terms. According to the report, a16z is preparing to sell the said MKR reserves.

Last week, the company transferred 12,864 MKR worth $12.6 million.

Institutional whale transfers 37 thousand ETH to Binance

In another transaction, a huge institutional whale transferred $68.8 million worth of ETH to Binance, according to EmberCN’s report. Whale currently continues to hold 60,301 ETH. He obtained the relevant funds from another anonymous address in September. The wallet’s ETH investors are currently writing off more than 50%. Earlier, he traded from OKX and Houbi when the ETH price was $3,693.

Shiba Inu (SHIB) whales pre-buy new news

Shiba Inu whales have recorded massive transactions, up 197% in the last 24 hours. According to reports, transactions of altcoin whales amounted to a massive $12.54 million, up 197% the previous day. Major investor net flows have increased 326% in the last seven days, showing the change in the positions of whales and investors, according to data from IntoTheBlock. As you follow on Kriptokoin.com, whale transactions matched the Shibarium beta test date revealed today.

Ripple announces Montenegro CBDC pilot project

Ripple’s CBDC Advisor Antony Welfare reported that they are working with a dedicated team of experts in Montenegro on the national stablecoin project. According to the tweet, the country’s central bank will be working with Ripple for the CBDC pilot project.

Meanwhile, OKX reported that it has a large amount of XRP in its reserves. In his PoR report released Wednesday, he stated that as of July 26, he held over $11.3 billion in altcoins, including XRP.

Cosmos launches Agoric Components Library

Cosmos announced the launch of another special project called “Agoric component library”. Agoric component library is a library of community-developed smart contracts with comprehensive tutorials and guides for users. The components involved range from the on-chain counter for votes to the full NFT platform that offers a variety of features.

Crypto.com opens staking pools for MATIC and CRO

Kritpo exchange Ctypto.com has started staking transactions with MATIC and CRO. According to the firm, MATIC and CRO are currently available for staking. In addition to these, the exchange also offers staking in Polkadot (DOT), Solana (SOL), and Ethereum (ETH).

Binance launches leveraged transactions for this altcoin

In a recent announcement, Binance announced that it has launched trading for Arkham (ARKM) with up to 20x leverage. ARKM can now take positions up to 20x in USDT pair. Transactions will be active from 05:45 on 28 June.

Astar Network launches Primer 2.0

Astar Network, the leading smart contract platform for multi-chain solutions at Polkadot, has unveiled its Astar 2.0 Vision. Having a strong foothold in the Japanese market, the platform aims to drive mainstream adoption of Web3 technology to billions of individuals and organizations worldwide.

Primer 2.0 represents an important milestone in the evolution of the platform, reflecting a clear long-term direction for leveraging the full potential of Web3. Founder Sota Watanabe highlighted the platform’s commitment to unlocking Web3 for billions of people around the world. The latest update, Primer 2.0, covers various enhancements, starting with the revamp of the token economy and developer tools to ensure sustainable long-term growth of the network.

One of the key advantages of Primer 2.0 is the enhanced functionality of the platform’s native crypto, ASTR. Users, developers and partners will reap rewards for changes made to critical variables such as inflation rate, gas fees, and staking rewards for dApps. These adjustments aim to optimize the ecosystem and encourage greater involvement of all stakeholders.

Immunefi, Trail Of Bits, Solana Foundation launch Rekt test

Immunefi, Trail of Bits, Solana Foundation and other leading players in the Web3 ecosystem have joined forces for a solid security standard. The joint effort was crowned with the “Rekt Test”, a comprehensive core security standard designed to improve the security performance of Web3 projects.

The Rekt Test is a short survey primarily aimed at Web3 projects. But it can be used by anyone interested in assessing the security of projects. Its purpose is to establish a minimal level of security performance that Web3 projects must adhere to. At the same time, providing a safer environment for both users and investors.

According to the announcement, the Rekt Test covers seven critical safety requirements:

1. System Documentation and Roles. This clause includes documenting all actors, their roles and privileges.
2. Key Management and Access Control. The survey focuses on the implementation of robust key management systems that include the physical step.
3. Incident Response and Crisis Management. Projects should have a written and tested incident response plan.
4. Team and Personnel Safety. Performing background checks and precise identification of employees, especially those in key roles, helps maintain transparency and trust within the team.
5. Code Security and Testing. Compiling code with the latest compiler, defining key literals for the system, and testing them on every commit are essential practices for code security.
6. External Audits and Vulnerability Management. Rekt Test emphasizes the importance of implementing external audits and vulnerability disclosure programs or bug bounties.
7. Attack Mitigation and User Protection. Projects should consider attack vectors to identify and address potential vulnerabilities. They should also protect users from unintentional abuse within the system.