MATIC and These 9 Altcoins Started The Day With Hot Developments!

Crypto gamers are talking today about the collapse caused by the misinformation Arkham. On the other hand, several listings and partnership news have emerged in the altcoin market that impacted prices in double digits. Latest developments from MATIC, EGLD, SUI and IOST…

Hot developments from MATIC and these 9 altcoins

MultiversX (EGLD)

South Korea’s largest cryptocurrency exchange Upbit has announced a new trading pair for EGLD. According to the announcement, EGLD will start trading against the country’s official currency, KRW.

The news impacted EGLD’s performance, helping it rise over 20%. At the time of writing, the altcoin is trading in the $44.29 region, where it posted 6% gains on the day.

Polygon (MATIC)

Polygon announced the launch of the zkEVM bridge, which offers the same user experience as the PoS bridge. This move makes it especially easy for users to get started on the future of Blockchain scaling.

Polygon Bridge for zkEVM comes with several UX enhancements including feedback from the community. The ZkEVM bridge will provide fast results, allowing users to process the roll-up with fast finality.

Sui (SUI)

Layer 1 Blockchain network Sui has launched the “Sui Developer Portal,” a developer portal that is a one-stop hub for all of Sui’s technical and educational resources, as well as key development tools and infrastructure to help users get involved.

Shiba Inu (SHIB)

Shiba Inu has moved up to fourth place on CoinEx’s list of the top 10 most traded cryptocurrencies in the past 24 hours. SHIB volume reached 2.01% of all trades on the exchange during the day. As Kriptokoin.com reported, it was the subject of massive purchases from whales in the same period.

IOST (IOST)

IOST has announced its strategic partnership with HashKey DID, a multi-chain identity data aggregator under the HashKey Group. The collaboration will integrate HashKey DID’s innovative decentralized identity service into the IOST network. Thus, IOST aims to strengthen the Web3 infrastructure.

The partnership will ensure that especially IOST users have a secure, transparent and efficient identity management experience. Following this collaboration, HashKey DID has also officially become an IOST node operator.

Dogecoin (DOGE)

Binance announced that it will add a new trading pair for Dogecoin (DOGE) against TrueUSD (TUSD) on April 28 at 11:00 AM. Currently, the largest liquidity on Binance for DOGE is against USDT. Additionally, over 20% of DOGE trades take place on this pair.

PancakeSwap (CAKE)

A community vote to reduce the CAKE block rewards propagated by PancakeSwap is about to end in a “no” of around 70%. Voting will end at 18:30 on Friday.

The version 2.5 “tokenomics” proposal proposes to reduce the token rewards paid to investors and shareholders by over 68%. Thus, CAKE will move towards a more deflationary model. Also, CAKE “emissions” on Syrup Pools, PancakeSwap’s main liquidity pool on BSC, are down 94%.

Filecoin Web Services (FWS)

The engineering team in the Filecoin ecosystem has announced the release of Filecoin Web Services (FWS), an open source alternative to major cloud service providers, specifically Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. FWS is built on Filecoin, the world’s largest decentralized storage network.

FWS offers a range of computing and storage technologies, including Estuary and Delta Technology Stack, designed to provide developers with scalable, flexible, and secure components for building decentralized applications (dApp).

Blur

In a new announcement, Binance announced that it will open the native token of NFT marketplace Blur to margin futures trading against USDT. BLUR/USDT trades with up to 20x leverage will now be possible on Binance. BLUR/USDT trading starts on April 28, 15.00.

USD Coin (USDC)

Circle announced that it has implemented the Inter-Chain Transfer Protocol (CCTP) on the mainnet. CCTP aims to resolve liquidity fragmentation issues caused by unofficial, bridged versions of USDC.

According to Circle, CCTP will specifically solve the problem of fragmentation in the Web3 ecosystem. It will gradually eliminate the use of unauthorized copies of USDC currently circulating on other networks as a result of bridging these networks. Additionally, the company states that the latest update will make USDC easier to understand and use.