The crypto market saw the volume fluctuate after the news of Blackrock’s spot Bitcoin ETF application. BTC price has managed to reclaim old resistance levels. Meanwhile, SHIB, KAVA, and a number of altcoins are partnering, listing, updating, etc. pricing the news.
Barley Network released on Ethereum network
Decentralized computing protocol Arpa Network was launched on the Ethereum network on Wednesday, after two months of testnet operations. The launch allows Ethereum developers to use Barley to build and deploy decentralized applications (dapps) such as lottery, gaming, decentralized voting systems, and identity management systems, among other uses.
On June 22, Barley Network will start minting the remaining 500 million Barley (ARPA) tokens set aside for staking rewards. These tokens will also act as a reserve to finance the growth of the Barley ecosystem. Tokens will be released gradually in the coming months. A gradual authorization process will be provided for shareholders, node operators and other ecosystem participants.
Tether issues USDT on Kava
Stablecoin company Tether has started issuing USDT on Kava to increase liquidity across multiple Blockchains. The KAVA price gained around 10% after the announcement.
Tether USDt comes to the #Cosmos ecosystem! We have chosen to deploy USDt on @KAVA_CHAIN, the gateway to the Cosmos ecosystem. USDt on KAVA is launching on July 3rd.
Read more https://t.co/myCkHhHHud pic.twitter.com/YQFgO5381m
— Tether (@Tether_to) June 21, 2023
Justin Sun transfers $10 million
In another whale transaction, Justin Sun’s address transferred $10 million in stablecoins from BNB Chain to Huobi. According to Ember’s report, Sun has withdrawn 5.07 million BUSD and 170,000 TUSD, 70,000 USDT from BNB Chain. He later transferred some of it to Huobi. cryptocoin.comAs we have reported, the Tron founder has drawn attention with suspicious transactions before.
孙哥 @justinsuntron 刚才在 BSC 上赎回了部分稳定币流动性。
然后将赎回的 ：507 万 $BUSD 、17 万 $TUSD 、7 万 $USDT 转入 #Binance；
500 万 $USDD 转入 #Huobi 。https://t.co/H470ZsYoUM推文由 @LionDEX_CN 赞助 pic.twitter.com/Gt8zttkB81
— 余烬 (@EmberCN) June 21, 2023
Bitcoin Cash (BCH) price jumped on this news
BCH price is currently up 25% on the day, leading the gains in the altcoin market. The rally was linked to key innovations that were included in the protocol earlier this year. Bitcoin Cash went through another update later last month that added the CashTokens issuance mechanism. cryptocoin.comThe most recent development we reported as EDX Markets (EDXM) was that it was among the first cryptocurrencies to be listed.
CetoEX has listed a new meme token
Dubai-based crypto exchange CetoEX announced that it has listed BabyDoge Coin. BabyDoge is currently trading on the exchange in USDT pair. At the time of the announcement, the price is rising over 5%.
Giant whale bought 3596 stETH
A giant whale address converted all its stablecoins to stETH today, after 215 days, according to on-chain reports. Whale traded approximately $6.52 million worth of USDT and USDC for 3596 stETH.
Meanwhile, the same whale had first purchased ETH and USDT from AscendEX in April 2021. Whale has not yet traded any tokens other than stETH.
🚨🚨 A dormant whale 0xcb1 just woke up after 215 days and swapped all of its stablecoins ~ $6.52M $USDT and $USDC to 3,596 $stETH at $1,814 on avg over the past hour.
Notably, it received its first funding $ETH and $USDT from #AscendEX back in Apr 2021.
The whale has yet to… pic.twitter.com/UV37m0hj8C
— Spot On Chain (@spotonchain) June 21, 2023
Crypto whale extracts 1140 WBTC and 15,000 ETH from Aave and Compound
The giant whale address, which started with 0xd275, has pulled out 1,140 WBTC (about $32.8 million) and 15,000 ETH (about $25.88 million) from Aave and Compound, according to Lookonchain data. He sent them to Bitfinex, Binance, Kraken, and Coinbase, respectively. Sending its funds to the centralized exchange raises selling pressure concerns.
Whale"0xd275" withdrew 1,140 $WBTC($32.8M) and 15K $ETH($25.88M) from #Aave and Compound.
Then deposit 1,140 $WBTC and 15K $ETH to exchanges in the past 2 hours.https://t.co/vi7Fa97eCz pic.twitter.com/qizAaNys3u
— Lookonchain (@lookonchain) June 21, 2023
Terra Luna Classic revises Q3 core development proposal
The Q3 development package proposed by the L1TF developer group, which proposes to improve LUNC and USTC supply reduction, is being revised. The dev team also proposes to upgrade the Cosmos SDK, include Edward Kim’s Block Entropy AI application chain, enable Token Factory and assist external teams like ‘quant’ for the USTC repeg.
✦ Q3 Update / Terra Classic ✦
🔹 Make your voice heard and share your thoughts in the forum 📢
Join the discussion here 👇https://t.co/T5nputhfWd pic.twitter.com/OYNsFhG94X
— Terra Classic official (@terrac_official) June 21, 2023
The latest proposal proposes upgrading the Cosmos SDK to a stable version, testing the marketplace module in the USTC test environment, and applying the maximum cap for LUNC provisioning in July and August.
