There Are Last Minute Developments For MATIC, ADA and These 16 Altcoins!

Robinhood has decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL). Michael Egorov, CEO of Curve Finance, faces fraud charges. Heath Tarbert, a former CFTC chairman, will join Circle as chief legal officer. And there are more last minute developments than altcoins.

Hot developments from MATIC, CRV, ETH and 15 altcoins…

Robinhood delists ADA, MATIC and SOL

Robinhood has decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL). Presumably, the SEC’s pressure on Coinbase and Binance and the ‘securities’ allegations played a role in this decision. The commission-free trading platform has explained this situation in detail. Accordingly, support for ADA, MATIC and SOL will end on June 27. Thus, Robinhood will be the first exchange / brokerage house to delist these cryptocurrencies.

Price likely to hold with Ethereum’s ‘Long Gama’

Traders say that market makers hold options with a strike price of $1,800. They also note that they may influence prices as they try to keep their portfolios direction-independent. Ethereum has largely been stuck in a narrow price range around $1,800 since mid-May. This shows that the market makers’ positions in the options market are less likely to move too much in the short term.

Lawsuit shock to Curve Finance CEO Egorov

Michael Egorov, CEO of decentralized finance (DeFi) firm Curve Finance, is being sued by US venture capital firms ParaFi Capital, Framework Ventures and 1kx on fraud charges. The lawsuit, filed in the California Supreme Court in San Francisco, alleges that Egorov misused the trade secrets of three venture capital firms and defrauded companies of close to $1 million in funds while promising a possible stake in Curve to gain the trust and support of investors.

Former CFTC Chairman joins Circle as Legal Director

Heath Tarbert, a former CFTC chairman, will join stablecoin issuer Circle as chief legal officer and head of corporate affairs. Tarbert will assume this responsibility with effect from 1 July. Tarbert, an experienced legal counsel with experience leading teams in all three branches of the federal government and major regulatory agencies, will guide Circle’s global expansion.

Coinbase’s Tier-2 Network Base reaches a new milestone

Base, the Tier 2 network under development by Coinbase, recently announced that more than one million wallets participated in the launch of smart contracts on the test-net during the Builder Quest era. This increase in activity allowed the team to identify critical stress points in the platform’s design and infrastructure. However, increased demand has also led to difficulties in securely transmitting cryptographic proofs to Ethereum’s Goerli test-net. Despite the obstacles, Base is determined to find solid solutions. Accordingly, the team is working to provide a more stable and efficient network.

Claim: BEN Coin will soon be in the top 20 crypto list!

Crypto phenom Ben Armstrong has faced a huge backlash over the past few weeks for joining BEN Coin (BEN). Armstrong recently did an interview with Altcoin Daily. In the interview, he shared his excitement for BEN, which has been labeled by many as a scam project. The controversial influencer also explained the tokenomics and utility of the project. He even went so far as to say that crypto will soon be among the top 20 projects in the Web3 space.

Whales caught, PEPE suddenly jumped 7%!

The price of meme coin PEPE rose from its intraday low of $0.00000105 to $0.00000118. In this move, PEPE recorded a spike of about 7%. At the time of this writing, PEPE is trading at $0.00000117, up 5% in the last 24 hours. The recent spike in PEPE price coincides with the massive uptake of a crypto whale spotted in the last hours. On-chain analytics provider Lookonchain reports on large whales on a PEPE buying spree.

BONE scrutinizes Australian crypto exchange listing

Now, Shiba Inu’s management token Bone ShibaSwap (BONE) is seeking a new listing on the Australian and New Zealand-based crypto exchange Swyftx. Swyftx recently launched a survey of upcoming token listings. The survey has two options for the tokens it’s considering listing. These are: Alchemy Pay (ACH) and Bone ShibaSwap (BONE).

XRP becomes the most staked asset on Bitrue

XRP has emerged as the most staked asset on Bitrue’s Power Piggy, a crypto staking or investment product where users earn passive income. Bitrue announced today that its top three Power Piggy assets are XRP, Xinfin (XDC), and Bitcoin (BTC).

Bedrock saves $150,000 in transaction fees

For Optimism users, most of the costs come from the fees required to publish transaction data on the Ethereum mainnet. The Bedrock upgrade reduced transaction fees by using optimized batch compression and Ethereum as a data availability layer. This reduced network costs by 56% (6,890 to 3,000 gas units), according to data compiled in Dune by OP Labs, the core developer of Optimism.

Call for Ethereum by Vitalik Buterin

Meanwhile, Ethereum co-founder Vitalik Buterin laid out a roadmap in a blog post that includes three major technical transitions he believes are necessary to ensure the success of the Ethereum Blockchain. These transitions include Layer-2 scaling, increased wallet security, and privacy measures. Buterin claims that these transitions will be crucial in maintaining the decentralization of Ethereum. He also underlines that it is important to ensure the open and permissionless nature of Ethereum for all users. According to Buterin, the sustainability of Ethereum could be jeopardized if these transitions do not occur.

Paxos Vault destroyed over 50 million BUSD

Whale Alert monitoring data shows that 50,040,800 BUSD was destroyed in the Paxos vault at 10:48 PM CET today.

Jump Trading adds $1.02M MASK

According to Lookonchain, Jump Trading has accumulated 243,419 MASK (~$1.02 million) in the last two days. Currently, Jump Trading has 1.26 million MASK (~$5.3 million) in its main wallet. Also, Jump Trading has a total of 3.86 million MASK (~$16.17 million) at 4 addresses. By the way, Jump Trading hasn’t made a major MASK transfer in 4 months. Jump Trading made its last MASK transfer on February 2nd.

OKX Web3 Wallet enters an official partnership with Cheems

Cheems and OKX Web3 Wallet will integrate with Cheems’ OKX Web3 Wallet. It will also support users to participate in the printing and trading of Cheems Guild NFT and later other NFTs via OKX Web3 Wallet. OKX Web3 Wallet has made an official announcement regarding this partnership.