After the meme coin craze on Solana, the first meme coin based on Polkadot (DOT Coin) is getting ready for launch. Arbitrum Orbit added support for special gas tokens used to pay transaction fees. Grayscale and VanEck became the latest firms to file Form 8-A for the spot Bitcoin ETF. And more…
There are hot developments for DOT Coin, ABR, BTC and these 5 altcoins!
Polkadot (DOT Coin) is preparing to launch its first meme coin
In addition to major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), altcoins and meme coins also rose in the last quarter of 2023. This led to a massive crypto market rally. So far, Bonk (BONK), a Solana-based meme coin, is up more than 10,000% in just over a year. Thus, he became perhaps the biggest winner of the year. Now DED, a brand new meme coin based on Polkadot (DOT Coin), is preparing to enter the market. The new meme coin is currently running on Polkadot (DOT Coin). DED is developed by a private group. According to several surveys conducted on X, it already has wide community support.
Arbitrum Orbit’s Layer-3s will be able to use certain ERC-20 tokens
Arbitrum ARB Orbit, which allows developers to build a Layer-3 Blockchain on top of the Ethereum Layer-2 network Arbitrum, has added support for special gas tokens, or tokens, used to pay Blockchain transaction fees. This development now allows the use of certain ERC-20 tokens to pay for gas or transaction fees on Orbit Blockchain networks, Arbitrum said in a statement. Until recently, Orbit Blockchains only used ETH as a gas token.
David Dennis, product marketing leader of Offchain Labs, the main developer of Arbitrum, made a statement on the subject. “For example, a game wants to have an in-game economic model,” Dennis said. But it still wants to build on Arbitrum and Ethereum under the hood.” said.
Starknet votes on STRK fee payment upgrade
Starknet has started a community vote on major upgrades in Starknet v0.13.0, moving from test-net to main-net. The upgrades make it easier to pay transaction fees in STRK, Starknet’s native token, in addition to ETH, which the protocol previously accepted. STRK is not available yet. Additionally, it is not clear at this time how the vote will affect the issuance. According to the statement made on the protocol’s social media account, community members will be able to express their opinions at the Starknet Governance Center from 07:00 on January 4 to 07:00 on January 8.
Fidelity, Grayscale make progress on spot Bitcoin ETF implementations
cryptokoin.comAs you follow from , all eyes are on the SEC for the spot Bitcoin ETF. Grayscale and VanEck are the latest firms to file their Form 8-A. Thus, they signaled progress towards a potential spot Bitcoin ETF. This move amounts to registration, which allows issuers to trade on an exchange once the product is approved. VanEck and Grayscale’s moves come a day after Fidelity filed its Form 8-A. Meanwhile, the deadline for the SEC to decide whether to approve a spot Bitcoin ETF is approaching.
Grayscale is looking to convert its flagship GBTC fund into a spot Bitcoin ETF, following a long journey and an August court win that ruled the SEC should reconsider Grayscale’s spot Bitcoin ETF offering. Other firms such as BlackRock and Fidelity also filed for a spot Bitcoin ETF last year.
Chronos reported an attack and warned users
Chronos, an AMM protocol in the Arbitrum ecosystem, announced that its centralized liquidity pool managed by Dyson was attacked with a vulnerability similar to Gamma. To ensure user safety, Chronos warned all users. Accordingly, he strongly recommended that they cancel the contracts related to these liquidity pools. He stated that this attack only targets centralized liquidity pools. He also noted that the rest of V2 liquidity pools are safe. In this regard, he explained that the funds are guaranteed.
Currently, Chronos is working closely with all relevant parties and security experts to respond to this security incident. The protocol will provide the latest updates at any time. Chronos also reminded users to be careful and avoid clicking suspicious links from unofficial accounts.
Smart Money withdrew 3,500 ETH from Binance
Analytics platform Lookonchain reported that a Smart Coin trader skilled at buying low and selling high withdrew 3,500 ETH (approximately $7.97 million) from Binance
Abyss World receives a strategic investment from 2Moon Capital
Abyss World announced that it has received strategic investment from 2Moon Capital in its ongoing financing round. This move will help launch the game officially this year. Prior to this news, Abyss World developer Metagame Industries closed a strategic funding round with investors including Sui developer Mysten Labs, Swiss gaming platform Xterio, game publisher Funplus, investment firm 2Moon Capital and Big Brain Holdings.
Tether minted 1 billion USDT on the Ethereum network
According to Whale Alert, stablecoin issuer Tether minted 1 billion USDT on the Ethereum network. Tether CEO Paolo Ardoino stated that this 1 billion USDT issuance is an addition to the inventory of the Ethereum network. This is a transaction that is authorized but not issued. That is, it will use this increase for the inventory and cross-chain exchange of the next export demand.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!