Sushi announced the launch of its Layer2 network, Blast. Stack’s (STX Coin) ecosystem app developer Hiro has partnered with Trust Machines. Abraxas Capital swapped WBTC for ETH. And more!
There is news from STX Coin and these 7 altcoins…
Sushi announces launch of Blast
According to official sources, DEX project Sushi announced the launch of Layer2 network Blast. The announcement noted that the integration between Sushi and Blast will introduce Sushi’s v2 and v3 automated market makers (AMM) to the Blast network. Sushi noted that Blast’s revenue comes from ETH staking and the RWA protocol. He also stated that WETH and USDB (Blast stablecoin) automatically generate income for end users.
When users deposit money into the Sushi pool, the pool will receive this income. To ensure liquidity providers (LP) receive a portion of the revenue, Sushi will use Merkle to distribute the revenue to the v3 LP. Additionally, a solution for v2 is currently under development. In addition, LP’s Blast points will be returned to them over the next few days via a script designed to incentivize LP’s point allocation.
Stacks (STX Coin) developer Hiro will collaborate with Trust Machines
Stack’s (STX Coin) ecosystem app developer Hiro has partnered with Bitcoin app ecosystem company Trust Machines to launch a new entity called Orange Domains. Orange Domains will focus on expanding the btc.us project. It will also commit to introducing .BTC domains into the traditional internet infrastructure. Additionally, internet service and telecommunications company Tucows will also be involved in this collaboration.
cryptokoin.com As we reported, Trust Machines, the construction side of the Bitcoin application ecosystem, announced the completion of a $150 million financing round in February 2022, with Breyer Capital, DCG, GoldenTree, Hivemind and Union Square Ventures participating in the investment.
Abraxas Capital swapped WBTC for ETH
According to on-chain tracker ai_9684xtpa, Abraxas Capital Mgmt deposited 5,450 ETH worth approximately $19.12 million on Bitfinex on March 4. The address then likely exchanged ETH for WBTC. After this, he transferred 421,395 WBTC worth approximately $27.83 million. The address currently holds 1,441 WBTC with a total value of $95.03 million.
CryptoPunk breaks the second highest sales record in the series
CryptoPunk 3100, the popular Non-Fungible Token (NFT) project, was sold for 4500 ETH (worth approximately $16 million), according to information from the CryptoPunk website, making it the second highest sales price in the series.
The giant whale collected these 3 altcoins!
Meanwhile, the cryptocurrency market is buoyed by Bitcoin’s run and meme coin winds. In an environment where the market has warmed up, whales have also returned. On-chain analytics platform Lookonchain reported today that a crypto whale scooped up 3 altcoins. In this context, Lookonchain shared the following:
In the past 2 hours, 23,357 ILV (Illivium) ($2.78 million), 80,000 PRIME (Echelon Prime) ($1.2 million) and 660,916 AGLD (Adventure Gold) ($1.11) from 2 new wallets Binance and Bybit million dollars).
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