Ethereum whales are benefiting significantly from the recent price increase of the Shiba Inu (SHIB). ZeptoLab and The Sandbox have made an official announcement of their strategic alliance. Whale Alert flagged two GALA transactions involving bankrupt crypto lender Genesis. We have compiled important news from altcoin projects for our readers.
Important news from SAND, GALA, SHIB and 8 altcoins
SHIB emerges as top pick for ETH whales
In the midst of the Shibarium launch, ETH whales are benefiting significantly from SHIB’s recent price hike. cryptocoin.comAs you follow, SHIB has gained tremendous ground in the last few weeks. This newfound momentum was triggered by prolonged hype about the project’s plans to launch Shibarium and other factors. Therefore, ETH whales benefit significantly from the growth of the Shiba Inu during this time.
Sandbox collaborates with ZeptoLab
Recently, ZeptoLab and The Sandbox made an official announcement of their strategic alliance. Through cooperation, the parties will develop a brand new Web3 environment full of different experiences. ZeptoLab is best known for his work on games like King of Thieves, Bullet Echo, Cut the Rope, and CATS: Crash Arena Turbo Stars. They will help The Sandbox deliver digital collectibles and digital ownership-based experiences.
Flare (FLR) partnered with Uppercent
Flare (FLR), a new interoperable Blockchain, is expanding its presence in the red-hot segment with Non-Fungible Tokens (NFT). Flare-based NFTs will be considered ‘entrance tickets’ on a major e-learning platform.
Arbitrum becomes fourth largest blockchain on the eve of ARBI airdrop
According to DefiLlama, Arbitrum, a Tier-2 solution for Ethereum, became the fourth largest Blockchain by total Blockchain value when the key metric reached $1.45 billion. In this feat, the network nearly doubled the successes of its direct competitor Optimism (OP), jumping over Avalanche (AVAX) and zipping Polygon (MATIC).
Bone ShibaSwap (BONE) price turns green with Huobi listing
BONE token has entered a new list. This time it was added to the list by the Huobi cryptocurrency exchange. The news was shared by Twitter user @ShibNapster and a few others.
Huobi lists BONE
Bone ShibaSwap is the key token for the operation of the Shibarium Layer 2 protocol. So far, price has not responded to Huobi listing news. However, the coin is in the green zone and is showing a marginal gain of roughly 1%.
Two GALA processes detected involving Genesis
Whale-watching platform Whale Alert has flagged two GALA transactions involving bankrupt crypto lender Genesis. The first was 135,000,000 GALA worth $7,432,830 transferred from an unknown wallet to Genesis Trading. Minutes later, 135,000,000 GALA worth $7,446,465 were moved from account marked as Genesis Trading to an unknown wallet.
Aptos Labs supports web3 TikTok rival Chingari
Aptos Labs is trying to make its mark on web3 social media with its equity investment in short video app Chingari. Chingari is an on-chain social media app founded in 2018. It has five million daily active users, and more than 200 million videos are watched per day on the app, according to a company statement. Users upload and share short videos similar to TikTok on the platform.
Trezor’s new CEO wants to revamp its wallet lineup
Matej Zak, the new CEO of crypto wallet maker Trezor, wants to leverage its product history as it tries to add ‘very useful’ models to its range. Zak joined the Czech company in 2019 as its first product manager and was tasked with simplifying the concept of crypto self-custody. He has now ascended to the highest office and preaches evolution, not revolution.
Stellar (XLM) will give developers millions of dollars
A separate $10 million funding line has been opened within the community fund, the nonprofit Stellar Development Fund announced today. However, this is only available for certain initiatives. Thus, developers whose field of activity is to develop Soroban, the new smart contract platform developed for Stellar (XLM), will be able to apply for support from the new fund.
ConsenSys votes 7.03 million in Uniswap BNB Chain migration proposal
ConsenSys, the manufacturer of the popular MetaMask digital wallet and developer of the web3 infrastructure, voted 7.03 million in favor of a proposal that would allow decentralized exchange Uniswap’s v3 protocol to be deployed on BNB Chain, according to data from Tally. Votes are based on the base number of UNIs owned by ConsenSys, worth an estimated $47.5 million.
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