Tomorrow, on the first day of the new week, many new developments for altcoins will attract attention. In this article, you can find the developments you need to keep in mind for Monday. Here are the details…
Critical events are happening for these altcoins
- Huobi recently announced that 1,950,555 Huobi Token (HT) has been burned in the second quarter of 2023. This burning mechanism gained momentum and led to the burning of a total of 298,940,224 HT as of July 15, 2023.
- cLabs, the team behind the Celo Blockchain, has proposed an important transition for the project. They plan to transform Celo from its current state as a standalone EVM compatible layer 1 (L1) blockchain to an Ethereum layer 2 (L2) solution. The proposed migration will be implemented by leveraging the OP Stack architecture operated by Ethereum node operators and secured with reconfigured ETH. cLabs has scheduled a governance call for July 21 to discuss this proposed transition and gather feedback.
- Meter Stable (MTR) is launching its liquid staking feature tomorrow.
- LBank lists uShark (USHA) in USDT pair at 14:00 CET tomorrow.
- Tidex lists Escoin (ELG) in USDT pair at 16:00 tomorrow.
- Cryptocurrencies such as Arianee (ARIA20), Aurora (AURORA) are participating in the ETHCC 6 conference, which will take place July 17-20.
- DexCheck (DCK) IDO on the ChainGPT (CGPT) network will take place tomorrow.
- Enjinstarter (EJS) will perform the DCK IDO tomorrow.
- Astar (ASTR) is holding its community Q&A event tomorrow.
- Constellation (DAG) will hold a question and answer event on Twitter Spaces.
- Splintershards (SPS) will hold a question and answer event tomorrow.
- BitMart lists Grumpy Cat (GRUMPYCAT) in USDT pair at 17:00 CET tomorrow.
- LBank is delisting NitroEX (NTX) tomorrow at 15:00.
- SingularityNET (AGIX) will get SophiaVerse snapshots tomorrow.
- Gods Unchained (GODS) is running its staking program tomorrow.
What is the latest situation in the market?
So, what happened in the cryptocurrency market meanwhile? The primary cryptocurrency experienced more volatility at the end of the business week, along with the rest of the market, following Ripple’s landmark victory over the SEC. Following the judge’s ruling that almost all XRP sales do not constitute securities transactions, BTC bounced from below $30,500 to a 13-month high of $31,800.
However, it failed to sustain that momentum and had pulled back several hundred dollars by Friday. What followed was a more severe rejection that pushed the downside just below $30,000 for the third time that week. However, the bulls once again stepped forward and helped BTC reclaim the milestone. The weekend was, as usual, significantly less eventful.
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