Altcoins are in deep decline today following the SEC’s recent lawsuit against Binance. So, what developments should investors keep an eye on? Here are the critical altcoin developments…
These altcoin developments are very critical
- MEXC Global listed Triall (TRL) today at 11:00 CEST in USDT pair.
- Optimism (OP) will roll out the Bedrock update on the mainnet today. The update is expected to be completed at 19:00 CEST.
- GemLink (GLINK) will perform a hard fork today.
- StakeCube lists Freedomcoin (FREED) with pairs of Bitcoin, USDT, BUSD and SCC.
- Coinstore lists HELLO (HELLO) today.
- IoTeX (IOTX) will release a suite of tools for developers today.
- DIA (DIA) is holding its monthly Q&A event today.
- Vega Protocol VEGA) is holding a question and answer event today.
- Binance CEO Changpeng Zhao said “we are strong together” in response to the SEC listing SOL, ADA, MATIC, FIL, ATOM, SAND and other tokens as securities.
- DYDX took the leap after the SEC announced it was suing Binance for violating federal law.
- Binance’s latest Launchpad project, Space ID, has suffered a steep decline.
- In the lawsuit filed against Binance, the SEC stated that cryptocurrencies listed as securities include BNB, BUSD and these assets: SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI.
- Commenting on the lawsuit filed against Binance, Cardano founder Charles Hoskinson said that “it paints a disturbing picture of a “1984”-like future filled with government control and a few omnipotent banks.
- Following the USD Coin (USDC) integration, Xapo Bank in Gibraltar became the first fintech in the world to use Tether (USDT) infrastructure to move US dollars between their accounts.
- Ethereum co-founder Jeffrey Wilcke has transferred 22,000 ETH worth over $41 million to the Kraken exchange.
- COTI has announced that its co-branded debit card agreement with Nuvei, the company that acquired Simplex, will be terminated within a month.
- KuCoin listed Volt Inu.
- Uniswap Labs has announced a study that introduced a new metric called instant returns adjusted for fee liquidity (FLAIR). This metric aims to address the competitiveness of liquidity providers (LPs).
- As we reported as Kriptokoin.com, Tether announced that it has joined the renewable energy initiative in El Salvador.
- Total value locked in Polygon showed growth in May.
- Bitgert Ventures announced that it has made a strategic investment of $ 3.5 million in Beldex.
- Illuvium has announced a partnership with GameStop to launch a collection of 20,000 nonfungible tokens (NFTs) starting June 12.
- Zodia Custody, a subsidiary of Standard Chartered Bank and a crypto custodian, will partner with infrastructure provider Blockdaemon to provide crypto custody services to institutional clients.
- According to Lookonchain, after the US SEC sued Binance, Cumberland withdrew 67.9 million USDC from Circle and deposited 67.1 million USDC in Coinbase.
- According to Ember data, a whale transferred $15.9 million worth of Ethereum to Binance today.
- Binance opens trades for LTC/TRY and RAD/TRY tomorrow.
- Binance has announced that it will support the Horizen (ZEN) update.
- Binance has launched its new Range Bound group.
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