Dogecoin (DOGE), the popular meme coin of the crypto market, has surpassed Credit Suisse, the dominant player in Swiss banking, in terms of market cap. Filecoin finally launched the Filecoin Virtual Machine (FVM). Uniswap has expanded to BNB Chain. And the developments in altcoin projects continued at full speed. We have compiled hot developments for our readers.
Hot developments for DOGE, FIL, SHIB, BONK and more…
Ribbon Finance launches Aevo
Ribbon Finance’s governance token RBN is up 19% in the last 24 hours before the launch of Ribbon’s on-chain options exchange Aevo. According to blockchain analytics firm Nansen, token volume increased by more than 477% over the same period to over $4.2 million, while the number of wallets holding RBN remained stable at around 4,200.
Filecoin launches EVM feature
Decentralized storage network Filecoin (FIL) has announced the availability of its Ethereum compatibility feature, finally called Filecoin Virtual Machine (FVM). After months of waiting, the new feature became available at exactly 15:14 UTC on Pi Day. According to the announcement, Filecoin Blockchain now supports smart contracts and user programmability, unlocking the enormous potential of the open data economy.
A new partnership from meme coin Bonk
Labeled in an unusual move, the meme coin has announced a partnership with the Bandit network to create a cross-chain mint aggregator and bring more benefits to BONK. Thanks to this partnership, users will now be able to issue Non-Fungible Tokens (NFT) using Bonk on the three largest smart contract networks, including Ethereum (ETH), Solana (SOL), and BNB Chain (BSC).
Meanwhile, BONK is now charting one of the most ambitious comebacks in its history. The highly volatile digital token is trading at $0.0000006654, up 17.84% in the last 24 hours.
Uniswap Version-3 is live on BNB Chain
Decentralized exchange Uniswap said on Wednesday it has expanded to BNB Chain, one of the world’s most active blockchains by daily volume. Alvin Kan, Director of BNB Chain Growth, said in a statement, “BNB Chain’s thriving and dedicated community, scalability and accessibility are a launchpad for all things Web3 related. Protocols that want to reach wider audiences can grow,” he said. Meanwhile, as we reported on Kriptokoin.com, more than 66% of voters supported this deployment in the management vote held in February.
Satoshi Lab unveils AI-generated content product
Satoshi Lab, the developer behind Find Move-to-Earn game STEPN (GMT) and NFT marketplace MOOAR, announced the launch of AI Generated Content (AIGC) on Solana Blockchain. Called the Generative NFT Tool (GNT), the product is set to provide a one-stop service for creators to create and print their own NFTs in MOOAR. The GNT tool aims to engage the next generation of creators with its user-friendly interface, eliminating the need for any knowledge of artificial intelligence, rapid engineering or smart contract deployment. The alpha test version of GNT will be available on MOOAR in the coming days and will be available to try for free for a limited time.
Soft recommendation for BitDAO tokenomics
BitDAO, a decentralized autonomous organization launched in July 2021, has announced a new proposal to address key issues that have arisen since its launch. The proposal aims to improve the organization’s token economy, project focus, and decentralization. The proposal, written by user Catatpeanut 3, was posted on the BitDAO forum for community discussion.
FLOKI/EUR parity will start on Bitpanda, there is a prize!
The official Twitter account of Floki Inu (FLOKI) has announced another listing of a major cryptocurrency exchange. This time, support for the popular meme token will be added on March 17 by the Austria-based Bitpanda platform, one of the largest and most regulated exchanges in Europe. The platform plans to offer traders a big giveaway when the meme coin goes live against the EUR: 1,000,000,000 FLOKIs will be awarded.
DOGE knocks out Credit Suisse by market capitalization
In terms of market cap, the popular meme coin Dogecoin (DOGE) has surpassed Credit Suisse, the dominant player in Swiss banking. Dogecoin’s market cap is currently $10 billion. By contrast, Credit Suisse’s market cap has declined and is now at $7.3 billion.
$10 million fund from KuCoin to CNHC
KuCoin Ventures, the venture arm of China-based (but Seychelles-registered) crypto exchange KuCoin, has raised $10 million in funding to the stablecoin issuer behind CNHC, an offshore yuan-pegged stablecoin. The CNHC is pegged 1:1 with the offshore yuan, known by the abbreviation CNH, to distinguish it from China’s onshore yuan, which is used as CNY. Meanwhile, CNH reserves are held in a Hong Kong custodian.
PawZone Token (PAW) will be launched on Shiba Inu Dex
PawZone, a Shibarium-based project, has announced its plans to launch its native token PAW on Shiba Inu’s decentralized exchange, ShibaSwap, next week. The PAW token is expected to bring functionality and utility to PawZone projects built on Shibarium. The announcement said the launch would be fair as it is the ‘most decentralized approach’ to releasing the token.
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