Crypto giant Circle has announced the launch of native USDC on its Arbitrum network. Meanwhile, Ripple has re-unlocked its monthly Escrow. Dogecoin fan accuses Tesla CEO Elon Musk of ‘insider trading’ for DOGE. And there are a lot of hot developments for altcoin projects…
Last minute panorama for altcoin projects
Circle announces native USDC launch on Arbitrum network
Recently, crypto industry giant Circle had a launch spree for its USDC stablecoin on a number of other Blockchain networks. On Thursday, the stablecoin issuer announced that it will promote USDC natively on its Arbitrum Layer 2 network. Accordingly, it announced that it will make it the official version of the ecosystem.
Ripple unlocked escrow!
XRP has largely exhibited signs of divergence from the current market sentiment for the largest of digital assets. Ripple has re-unlocked its monthly Escrow. Therefore, the XRP price is expected to behave in a unique way in the future. Because Ripple will add another 1 billion XRP (worth about $515 million) to circulation. This is also likely to cause the altcoin price to face selling pressure.
Sui Blockchain signs multi-year deal with Red Bull Racing
cryptocoin.comAs you follow, Sui Blockchain went live less than a month ago. However, it moves pretty fast. Sui has signed a multi-year deal to become the Blockchain partner of Formula 1’s Oracle Red Bull Racing team. Blockchain’s native token (SUI) rose 1.7% before falling on the news. This is not Red Bull’s first entry into the crypto industry. Last year, it signed a $150 million deal with derivatives exchange Bybit. The team said Sui will offer a range of digital experiences for racing fans in the coming months.
Elon Musk accuses DOGE of ‘insider trading’
Investors say that Elon Musk’s sale of approximately $124 million in Dogecoin in April after Twitter replaced its logo with Dogecoin’s Shiba Inu dog logo led to a 30% increase in the price of Dogecoin. That’s why they accuse Elon Musk of manipulating the altcoin. Investors are accusing Musk of insider trading in a class action lawsuit.
Avalanche reaches 1 million monthly active users
Popular Blockchain platform Avalanche (AVAX) has reached the one million Monthly Active User (MAU) milestone about a week after the launch of innovative cloud computing service AvaCloud Platform. Interestingly, Avalanche creator Ava Labs believes the launch of AvaCloud played a crucial role in the rapid growth of Avalanche’s user base.
Binance de-lists LUNC Futures
Binance will close all short positions on the USD-M 1000LUNCBUSD Perpetual Contract on June 8 at 09:00 UTC. Traders are advised to reduce their margin positions before noon UTC on Thursday, according to Binance’s revised tiers, to avoid liquidations. This move by Binance comes nearly a year after it suspended LUNC/BUSD spot trading pairs. Meanwhile, Binance recently reduced the percentage of LUNC margin and trading fees it regularly burns.
Optimism takes the lead in Tier-2 rivalry with Bedrock
In a recent announcement, Optimism, a leading blockchain scaling solution, announced its plans to roll out the highly anticipated Bedrock upgrade on June 6. Optimism touts this upgrade as the largest in its history. It also marks the beginning of the Superchain era for the network.
Incentive from Coinbase for Polygon-based USDC
According to the official announcement shared by the team of Coinbase Wallet, one of the products of the largest US-based crypto ecosystem Coinbase, USD Coin (USDC) holders at Polygon will now have the opportunity to send their assets without paying anything for gas.
How much SHIB, BTC and ETH does Gate.io have?
Recent updates have emerged about the total assets owned by Gate.io, one of the well-established cryptocurrency exchanges. Amid bankruptcy rumors and GateToken (GT) price drop, the exchange is holding solid holdings in Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH). Blockchain analytics firm Lookonchain reported the details of Gate.io’s asset holdings. Among the total of $1.44 billion held in six wallets, the famous meme coin SHIB has a share of 4% with $52 million.
New smart contract toolkit distribution from Cardano
Cardano founder Input Global Output (IOG) has announced that the Marlowe smart contract toolkit is now live on the Cardano main-net. Marlowe is a suite of tools and a domain-specific language (DSL) for creating and executing smart contracts. It is possible for users to use Marlowe without any programming or DSL technical knowledge.
PawChain explain important updateoutside
In two recent tweets, the official PawChain arm provided information about two major upgrades that have been launched. PawChain Public Alpha and PawDAO are among the top four utilities on it. Two Medium posts were also published to share the details of both upgrades. This coincided with the price of the PAW token entering the green zone. The token price has shown a marginal increase so far.
Ankr, Chiliz BlockchainIChinese ana RPC sweeper helabut
Ankr, a trusted provider for famous Blockchains like Ethereum, BNB Smart Chain and Polygon, is set to become the main RPC (remote procedure call) provider on Chiliz Chain. RPC is a very important computer program that connects Blockchains with Blockchain applications, decentralized applications (dApps), centralized exchanges and crypto wallets.
Uphold launches OTC trading for XRP and other assets
Uphold, the Web3 finance platform, has launched OTC trading for XRP and other altcoins. Thus, it provides institutional investors with comprehensive insights and superior liquidity for optimal trading execution. In this context, Uphold introduced Uphold Ascent, a customizable over-the-counter (OTC) trading platform designed specifically for institutional investors.
Binance stops AUD deposits and withdrawals in Australia
In a recent announcement, Binance has informed its users in Australia that AUD deposits and withdrawals via wire transfer are no longer available. In addition, Binance suspended all AUD trading pairs as of June 1. This decision is attributed to Binance’s difficulties with Westpac Bank.
A new listing for the meme coin SNEK
Major cryptocurrency trading hub Bitrue has announced that the exchange plans to add the SNEK/USDT spot trading pair starting at 10:00 UTC on June 2.
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