The cryptocurrency market started the new week in the red zone. However, the projects continue to develop themselves in accordance with the dynamic structure of the market. For example, Masa Finance cooperates with Blockchain service AvaCloud. Manta Pacific, on the other hand, is preparing to adopt Celestia (TIA)’s modular data availability. And there is more!
Hot developments for Solana, Ripple, Celestia and these 4 altcoins…
Masa Finance is collaborating with Avalanche.
Data network Masa Finance describes itself as the ‘architect of decentralized Google for the age of artificial intelligence’. The project is preparing to launch a decentralized data network and marketplace in the first quarter of 2024. Masa is collaborating with managed blockchain service AvaCloud to establish a gas-free Avalanche sub-net. According to the statement, the customizable Blockchain will be designed to process high volumes of zero-knowledge (zk) encrypted data efficiently and cost-effectively. Masa Finance previously provided pre-seed funding of $3.5 million in May 2022. The project had announced that it would use it to create a decentralized credit data protocol.
Manta Pacific Celestia embraces data availability
Added-2 Blockchian Manta Pacific will adopt Celestia (TIA)’s modular data availability solution. Thus, Manta aims to reduce user transaction fees. Manta will leverage Celestia (TIA)’s data availability sampling, a mechanism for lightweight nodes to verify data availability without downloading all the data contained in a block.
Manta Network’s co-founder and main contributor, Kenny Li, made a statement on the issue. Li said, “We are taking Manta Pacific to the next level by moving it to Celestia (TIA). Thus, we will provide our users with a more cost-effective and secure network environment.” says. Meanwhile, other rollup projects also decided to integrate with Celestia. For example, Polygon Labs’ Blockchian development kit, an open-source toolset for developing Layer-2 Blockchians, integrates Celestia (TIA)’s DA solution to reduce the costs of Layer-2 Blockchians developed in its ecosystem. cryptokoin.comAs you follow from , Arbitrum also announced a similar integration for its Orbit stack.
Circle adds Solana to list of Blockchains for EURC
Stablecoin issuer Circle has launched its euro-backed digital currency on the Solana Blockchain. “EURC is well positioned to radically improve peer-to-peer transfers and utility across European remittance corridors,” the company said in a statement. “Developers and users can now generate and transact both EURC and USDC on Solana for faster, lower-cost ways to send, spend and save money around the world.” said. With the addition of Solana, the number of Blockchains used by EURC increased to four. Circle’s euro-backed coin also uses Avalanche, Ethereum and Stellar. Circle’s Vice President of product management, Rachel Mayer, underlined the following in her statement:
The launch of EURC on Solana marks a significant step towards a more efficient, inclusive and user-centric financial ecosystem. Users will also be able to keep their savings securely in Euros without the need for a traditional bank account.
Arweave founder accuses Irys of being unethical
Sam Williams, the mastermind behind Arweave Blockchain, has leveled accusations against the Irys project. Williams claimed that they copied the source code but turned it into what he called “unethical territory.” This conflict sparked a heated debate in the crypto world. It also caused a 13% drop in AR token value in just a few hours.
Of particular note is Irys’ different approach to forking Arweave, including potentially removing datasets and resetting the token supply. Because this is an action that Williams claims stems from the “greed” of the project.
Ripple, Coinbase, Kraken raise funds for pro-crypto candidates
Crypto firms like Ripple, Coinbase, Kraken, and individuals like Brian Armstrong, Fred Wilson, and the Winklevoss twins are donating millions to elect pro-innovation and pro-crypto political candidates heading into the 2024 congressional elections. In this regard, they raised over 78 million dollars. Thus, they will strive to elect a pro-crypto president who will bring regulatory clarity to the crypto industry and help prevent unreasonable SEC complaints.
According to the Coinbase blog, only 9% of Americans are satisfied with the current system. That’s why the donation provides support to the 52 million Americans who own digital assets. Moreover, he wants a fair shake at the American Dream. Fairshake Super PAC announced fundraising efforts for political candidates in the upcoming 2024 congressional elections.
PancakeSwap requested seed injection for LUNC-BNB Chain pool
Terra Classic (LUNC) garnered a lot of attention after Pancakeswap requested a $100k seed injection. Lunanauts, a LUNC validator, recently announced plans to move forward with a collaboration aimed at building more support for the community’s LUNC cryptocurrency. The announcement, which came to light on Monday, comes amid a price decline recorded by the token. Therefore, it has garnered significant attention in the broader crypto market.
According to the statement made by Lunanauts, Pancakeswap, a crypto exchange, aims to make a seed injection of $ 100 thousand into the liquid pool to open a pool between LUNC and BNB Chain. Additionally, according to the statement, LUNC will be whitelisted on the frontend. This comes as a step to reduce traders’ losses as the exchange tries to attract traders.
MetisDAO launched a $100 million fund.
Ethereum scaling solution development organization MetisDAO announced that it has created a $100 million fund under the name Metis Ecosystem Development Fund to accelerate the growth of its ecosystem. The fund will distribute 4.6 million METIS tokens for “sequencer mining, traceable funds, distribution of new projects, and other efforts.”
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