As the Terra ecosystem continues the preparations for the new Blockchain, it seems that some stake investors are not willing to migrate to the new chain. In this article, let’s list the most important news of the week from the Terra ecosystem to the new DOGE and Shiba list.
News of the week from DOGE, Terra, SHIB, Ethereum and other altcoins
- XRPL-affiliated project onXRP will be listed on the BirMart exchange on May 31. Deposits begin on May 29.
- Ethereum-based metaverse project The Sandbox (SAND) is on the rise after being listed on Coinbase.
- Terra team approves plan to burn 1.3 billion UST. About 11% of the current 11.2 billion UST supply will be permanently removed from circulation.
- After Terra 2.0 was approved, some stakers announced that they will no longer support the new chain.
- BoraNetwork announced Sandbox Network’s participation for ‘Meta Toy DragonZ’. Thus, Sandbox Network will be included in BORA.
- After the Terra ecosystem collapsed, an increasing number of projects and protocols started migrating to the Polygon network.
- ShareRing launched a multi-chain bridge between Ethereum and BNB Chain.
- Solana has been experiencing network issues since May 17. During the day, Blockchain experienced a 1-hour outage.
- A huge Ethereum whale bought over 142 billion Shiba Inu in a day.
- According to LunarCrush statistics, the Cardano community has seen 3,000% social media growth over the past two years.
- Cardano (ADA) founder Charles Hoskinson visited Washington DC to look for appropriate crypto regulations.
- Cryptocurrency exchange Crypto.com announced that it has listed Project Galaxy (GAL).
- Tether announced that it has integrated USDT into its network with Polygon.
- Bitcoin, Dogecoin and XRP accepted as payment method by luxury tour operator Scott Dunn.
- Working on Ripple, SABB has signed MoU with HSBC to expand its business in Saudi Arabia.
- Ethereum Classic (ETC) is up more than 9% in 24 hours and trading volume is up 40%. The rally was driven by instability in the Ethereum Beacon Chain, which was subjected to block reorganization and questioned the stability of the PoS transition.
- Ben McKenzie claimed that Terra 2.0 is just another Ponzie that will cause more pain.
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