Cardano has been followed closely in recent days due to its significant rise planned for July. It also announced significant global partnerships at Ripple and Polkadot. In this article, let’s list the hot developments from SHIB and DOGE to the most popular projects.
Hot developments from SHIB, DOGE, XRP and altcoin market
- Parity Technologies, the firm that built the Polkadot and Kusama ecosystems, added founder and CEO Gavin Wood, as well as three senior executives to complete the leadership team. Eran Barak (COO), Peter Ruchatz (CMO) and Fahmi Syed (CFO) joined the company.
- Crypto platform WonderFi (WNDR) closed its $30 million acquisition of Canadian crypto exchange Coinberry on Monday. Shares rose more than 9% at the opening.
- Crema Finance developers said they are coordinating with “relevant organizations” to gather more information. The Solana-based project stole more than $8.78 million in cryptocurrencies from its platform in an attack over the weekend. The team now “works closely with several experienced security institutes and related organizations to monitor the hacker’s funds movements”.
- Nexo has signed an indicative preliminary contract with rival crypto lender Vauld. London-based Nexo will begin due diligence and plans to acquire up to 100% of the troubled firm. Customer withdrawals will be suspended for the time being.
- Ripple continues to show support for CBDC initiatives. The Digital Euro Foundation announced in a tweet today that Ripple is one of the sponsors of its summer event, which kicks off next week.
SHIB and Cardano announcements
- Cardano founder Charles Hoskinson described Vasil’s update as the next wave of Cardano. The upgrade is aimed at improving Cardano’s speed, security, scalability, and smart contract functionality, among others. Vasil is expected to release it later this month.
- With this, Cardano network activities continued to gain momentum despite the drop in ADA price. According to an infographic shared by the Cardano Foundation, the project saw fair growth in several aspects in June. June saw Cardano’s on-chain transactions increase by 5.44% to reach 44.8 million, thus surpassing May’s record of 42.5 million on-chain transactions.
- ‘Shib: The Metaverse’ has announced the new bounty distribution update. According to the latest tweet shared by Shiba Inu phenomenon @RealCryptoAngel, those who lock LEASH on SHIB.io can now claim BONE rewards.
- Ledger has announced that it is expanding its support for Cardano. It is trying to improve the user experience with a cleaner look with the latest app version 4.1.2. The Ledger team also announced last week that Cardano (ADA) accounts are now supported on Android mobiles for both Ledger and Ledger Live platforms, and work is ongoing to add IOS compatibility.
Cosmos completes THORChain integration
- ATOM from the Cosmos project is integrated into one of the popular DeFi protocols, THORChain (RUNE). This way, users will be able to directly measure ATOM for Bitcoin, Ethereum, and any other cryptocurrency supported by THORChain, without using bridges or wrapped solutions.
- Shiba Inu, Dogecoin accepted for payment by food delivery company Uber Eats.
- The XinFin XDC-based oracle network Plugin (PLI) has completed a major milestone in the global real-world adoption of its products. According to the official announcement shared by his team, he has entered into a long-term strategic partnership with Sammunati, India’s largest agricultural network.
- Crypto lending platform Celsius has reduced its chances of being liquidated as the company is actively repaying its outstanding debt. Celsius has paid off about $142 million of the loan since July 1, lowering the wBTC liquidation price from $11,800 to $4967 in less than 24 hours.
- Shopware integrates Floki Inu as payment method. The general adoption of Floki Inu (FLOKI) was accelerated as Shopware integrated FLOKI into its trading platform through NOWPayments.
- Binance has announced that it will support Filecoin (FIL) and Elrond (EGLD) network upgrades.
- As quoted by Kriptokoin.com, Dogecoin FTX is listed in Japan. Details can be found here.
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