Significant developments continue to occur in the cryptocurrency market. Besides, some important events are on the horizon for altcoin projects.
Altcoin projects have these events on their horizon
Binance terminates GBP services to its users
As you follow on Kriptokoin.com, Binance has announced that its current partner, Skrill Limited, will stop serving the crypto exchange. After that, he struggled to find a new service partner to process British pound transfers on his trading platform. In an email to exchange users on March 13, Binance stated that Skrill will stop GBP deposits and withdrawals via “Express Pay Service” and card and wire transfer on May 22.
“We regret to inform you that our GBP partner Skrill Limited will cease to offer GBP fiat services to Binance users, namely Quick Payments and card deposits and withdrawals,” the statement said. Binance has not been able to find a new service partner during this time. This is why the exchange will no longer allow its UK customers to deposit and withdraw GBP by bank transfer or card from May 22, 2023.
There are airdrops from Swell Network
According to the rumors, Swell Network, the liquid staking protocol, will distribute altcoins to early stakers on May 24. Swell Network describes itself as “a non-custodial liquid staking protocol with a mission to deliver the world’s best liquid staking experience, facilitate access to DeFi, and secure the future of Ethereum.” With Swell, users have the opportunity to earn passive income with ETH staking to earn Blockchain rewards.
Renews Gains Network’s fee structure
The project team plans to renew Gains Network’s fee structure on May 25. Thus, it aims to remove funding fees, introduce borrowing fees and lower renewal fees. Built on Polygon and Arbitrum, Gains Network has become one of the most successful decentralized finance (DeFi) protocols in 2023. Gains Network is developing gTrade, a liquidity efficient, powerful and user-friendly decentralized leveraged trading platform.
Bedrock main-net upgrade is coming
OP Labs has announced that the highly anticipated Bedrock main-net upgrade will take place on June 6, 2023. The Bedrock upgrade will require a 2-4 hour downtime for the OP Mainnet. In addition, transactions, deposits and withdrawals will not be possible during the downtime. In this process, the OP Mainnet Blockchain will not progress. “Bedrock will increase the security and resilience of the OP Mainnet bridge,” the foundation explained. He also noted that this would significantly reduce wages.
Events that are expected to happen in the near future with an unspecified date
In the meantime, there are some developments that are expected to take place in the near future, although the date has not yet been determined. One of them will come from MetaMask. The cryptocurrency wallet is expected to support direct staked ETH withdrawals on both Lido and RocketPool.
Blend, a collaboration between Blur and Paradigm, officially unveiled its innovative lending protocol on May 1, which aims to provide users with greater flexibility and liquidity in the NFT space. Now, Blur is expected to roll out the partial refund feature for Blend next week.
Decentralized derivatives protocol GMX has publicly released the V2 test-net where users can test it on the Avalanche Fuji testnet. Now GMX V2 will introduce synthetic assets. The new features of the V2 version include market orders, limit orders, stop-loss orders, etc. is located. In addition, V2 will apply funding fees to offset long and short positions. Users will not only be able to try out contract trading, but also test liquidity delivery functions.
SushiSwap V3 is getting ready to be released on Findora. On the other hand, Arbitrum Odyssey 2.0 will be available soon. There are 12 projects in this program. Finally, Matcha is preparing to release an updated version of its dApp. Thanks to this, it aims to provide improved swap prices and a cleaner user interface.
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