The cryptocurrency market has renewed hopes with the strong moves of Bitcoin in recent days. In this environment, many altcoins also witnessed significant increases. In addition, the projects continue to improve themselves and establish new partnerships. In this regard, we have prepared a panorama of the developments during the day for our readers.
There is hot news from altcoin projects…
The token of the bankrupt crypto exchange suddenly flew!
FTX Token (FTT) rose over 20% in a short time with the news that the former CEO of the exchange, Sam Bankaman-Fried (SBF), will “testify in court”. According to market data, FTT increased by 23.8 percent on the news that SBF will testify in court. In this move, the altcoin rose to $ 1.41.
This altcoin is preparing to distribute 500,000 tokens to the community
According to the Snapshot Governance page, the Arbitrum community has launched a proposal to “distribute a total of 500,000 ARB equally to 25 early community participants” to recognize and reward outstanding contributions from community members tagged “Arbiter (Community)” on the official Arbitrum Discord. The proposal notes that these participants play an important role in the development of Arbitrum, including translation, promotion, event organization, community guidance, security and collaboration with other communities.
A whale transferred more than 118.4 billion STARLs to Gate
According to Scopescan’s observations, balian transferred more than 118.4 billion STARLs to Gate, where he transferred the STARLs in question two days ago. Additionally, the whale is currently floating at a loss of $1.14 million.
KR1 transferred a total of 3.2 million LDO to Kraken this year
Venture capital firm address KR1 transferred 1.2 million LDO (worth approximately $2.3 million) to Kraken. By the way, it should be noted that KR1 received 15 million LDO on December 17, 2020. The company’s cost was $150,000. Now the value of altcoin assets is approximately $29 million. KR1 sold 3.2 million LDOs, worth approximately $6.8 million, at $2.14 on Kraken this year. Thus, it made a nice profit of around $6.8 million.
Clearpool receives OP150,000 grant from OP Foundation
According to recent news, DeFi lending marketplace Clearpool received a grant of 150,000 OP tokens (~$202,000) from Optimism Foundation. The altcoin project will use this to go live on OP Mainnet. Clearpool is currently present on the Ethereum, Polygon and Polygon zkEVM networks. According to DeFiLlama data, Clearpool’s TVL is $3.1 million. Additionally, the project has a market value of $7.52 million.
Japanese Firm SBI VC Trade Announces XRP Prediction
SBI VC Trade, a crypto exchange business and subsidiary of Japanese financial giant and altcoin Ripple partner SBI Group, predicted XRP to rise to $0.62 in its latest market report. In the report published today, the company highlighted the latest developments surrounding the legal case between Ripple and the US SEC. The report discussed what happened after the decision on July 13 and the effects of these developments on the price of XRP.
Neon Machine secured $20 million in financing
Game development studio Neon Machine has completed a $20 million Series A round led by Polychain with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures. cryptokoin.com As we reported, it announced that it will use the funding to further develop Shrapnel, a first-person shooter game similar to the popular and highly successful Call of Duty series, using Unreal Engine 5 at Critical Hour.
Binance completes Maverick Protocol (MAV) integration
Cryptocurrency exchange Binance has completed the integration of Maverick Protocol (MAV) into the Base Blockchain. Deposits and withdrawals are now open. Thus, MAV became the first altcoin supported by Binance on Base after Ether.
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