The news in the cryptocurrency market is flowing very fast. That’s why it’s very difficult for investors and traders to keep track of all of them. We also prepared a news tour around altcoin projects for our readers.
Hot news for altcoin projects…
PEPE became the most active pool in Uniswap
Meme coin PEPE has risen in price by over 2,100% since its launch last month. The highly exciting meme coin PEPE has been met with interest on decentralized exchange Uniswap. It has also become one of the most researched coins on the data platform Nansen. According to Nansen data, Uniswap’s version (v)2 and v3 liquidity pools for PEPE-WETH were the most active liquidity pool contracts in terms of number of transactions in the last seven days, with more than 82,750 and 72,950 trades, respectively.
New Cosmos Blockchain will use liquid staking tokens
A new Cosmos-based blockchain called “Tenet” will use liquid staking coins from other networks to secure their transactions, the developers announced on May 3. It will also potentially allow the new network to inherit the security of the old networks. Staked ETH, BNB, ATOM, SOL and MATIC can be used as “restake” on Tenet to earn more rewards.
Trueusd’s borrowing rates jump to 100%
Investors took advantage of the trueUSD (TUSD) depreciation event on Tuesday. Accordingly, it quickly acted to achieve a potential gain of 20%. Traders have shorted TUSD to capture a 20% increase for the token’s targeted $1 fix. He paid a very high fee to do this.
Celsius to pursue fraud allegations against CNL
BankToTheFuture CEO Simon Dixon regularly comments on the bankruptcy case of ill-fated crypto lending firm Celsius. Dixon gave another update on the ongoing court case. As the auction continues today, Dixon announced that a joint agreement has been reached between the firm and the Unsecured Creditors Committee (UCC) to track and prosecute any constructive fraudulent transfer and similar allegations against Celsius’ UK-based arm, CNL. Specifically, the US-based subsidiary LLC has brought fraud claims against CNL to help determine what creditors and shareholders own.
BNB Chain, Solana and Ethereum are leaders in April on-chain active addresses
In April 2023, BNB Chain, Solana, and Ethereum had the most on-chain active addresses, according to data from blockchain data and research firm Nansen. These blockchains top the list of active addresses for April. However, each recorded a decrease in the number of these addresses compared to March.
Hashflow integrates with MoonPay
Decentralized commerce platform Hashflow has announced its partnership with web3 payment platform MoonPay. The altcoin aims to integrate fiat-to-crypto payments globally as part of the partnership. The integration will allow users to purchase digital assets using debit/credit cards and transfers from crypto-friendly banks in 160 countries and exchange them on Hashflow.
Sui launches main-net
Positioned to rival Aptos and other heavyweights in the decentralized finance (DeFi) space, the highly anticipated blockchain platform Sui, with a $2 billion valuation, launched its main-net on Wednesday. The launch put the platform’s $300 million in venture capital funding to the test, and results were mixed.
MELD launches financial and Web3 products
MELD, a decentralized finance (DeFi) project, announced the launch of a suite of finance and web3 products as an Avalanche sub-net. This move aims to bridge the gap between crypto and traditional finance. It also aims to strengthen financial independence in the DeFi ecosystem.
Coinbase will list Multichain (MULTI)
Coinbase will add support for Multichain (MULTI) on the Ethereum network (ERC-20 tokens). If the liquidity conditions are met, trading will begin on or after 09:00 CEST on May 4, 2023. Multichain provides an infrastructure for cross-chain asset interoperability.
Binance futures SUI’good addywill
cryptocoin.com As we have reported, Binance will list Sui (SUI). In this context, it will open trading pairs SUI/BTC, SUI/USDT, SUI/TUSD, SUI/BNB, SUI/EUR and SUI/TRY.
Socios platform partners with Sony Pictures
Sony Pictures and Socios.com have teamed up to jointly promote the upcoming Spider-Man. They get together to promote the movie Across the Spider-Verss. Thus, they signed an unprecedented deal that will enable Sony Pictures’ Blockchain-powered fan engagement platform to connect with the global community of sports fans.
Polygon’s new developer tool is live, price is up!
Polygon (MATIC) is experiencing a slight but consistent growth bounce today, after up 5% today. Polygon is trading at the spot price of $0.981 at the time of this writing. It also compensates for losses incurred during the week based on the current price outlook.
Polygon continues to reach important milestones in terms of development steps. The altcoin project has released an update recently. In this, he said, it has launched three exciting updates to Polygon ID infrastructure tools to make it easier for developers to integrate a decentralized identity into dApps.
BabyDoge crypto card about to go live
The official account of Baby Doge Coin (BabyDoge) has shared that it is less than 24 hours before BabyDoge’s virtual crypto card goes live, powered by Canadian crypto payment platform FCF Pay. Neither BabyDOGE nor FCF Pay have specified whether this will be a prepaid virtual card or a gift crypto card. Either way, this step will increase the use and adoption of the popular meme coin BabyDoge.
Floki hits major stock market and jumps 12%
Bitfinex, one of the leading cryptocurrency exchanges, announced that it will list FLOKI. After this development, the altcoin price suddenly gained about 12%. Thus, Floki set its intraday high at $0.0000363. At the time of writing, the altcoin was trading at $0.00003382. The token is up 6.91% in the last 24 hours as some of its intraday gains have dwindled.
Xumm partnership enables users to trade XRP
Known as the XRP Ledger (XRPL) wallet, Xumm has partnered with non-custodial fiat on/off provider Guardarian to enable users to seamlessly purchase XRP with 40 fiat currencies and easily sell their crypto assets for fiat without leaving the Xumm app. The project team announced the partnership today in an official press release.
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