Highlights of the week included HBAR and ChatGPT integration. Recent developments from the altcoin market show that a number of companies are making moves in this direction.
Here are the hot developments of the day from 12 altcoins
Gemini launches Ethereum staking service in the UK
Led by Cameron and Tyler Winklevoss, Gemini has introduced Ethereum staking services for UK clients. The exchange is making its proprietary product Gemini Staking Pro available to UK institutions and wealthy individuals.
We’re thrilled to announce that Staking Pro is now available to users in the United Kingdom. 🇬🇧
Staking Pro is a product built for institutions and customers with 32 ETH or more.
Learn more: https://t.co/1UZwm75O5R
— Gemini (@Gemini) June 22, 2023
40,000 ETH offer from Lido Finance
DeFi expert Seraphim Czecker at Lido Finance has made a proposal asking Mantle to allocate 40,000 ETH ($72 million) to Lido’s liquid staking platform. If this proposal is approved, it will lead to a significant allocation on Lido’s staking platform. It will also create a strategic partnership between Lido and Mantle.
Big news: I am proposing a huge partnership b/w @LidoFinance and @0xMantle
Involves allocating ETH to stETH to bootstrap Mantle's DeFi ecosystem + 1st of its kind revenue share
I believe it's a testament to Mantle's huge potential as a Tier 1 partnerhttps://t.co/uUqE0jnoqk pic.twitter.com/ef3CmMNv6T
— Seraphim (@MacroMate8) June 22, 2023
Coinbase’s ETH staking share drops
Recent reports indicate that Coinbase’s share of Ethereum (ETH) staking has fallen sharply. The altcoin staking rate on Coinbase has dropped to 9.7%, the lowest level since May 2021, according to data from Dune Analytics.
The drop in Coinbase’s ETH staking market share comes at a time when demand for Ethereum staking is increasing. After the Shanghai update, the staking trend attracted investors’ attention due to the significant passive income it provided. According to the data, the number of staked ETH has exceeded the unstaked amount by 3.5 million ETH ($7.3 billion).
Shibburn Twitter account suspended
cryptocoin.com As we have reported, the Twitter account of Shiba Inu’s token burning platform, Shibburn, has been suspended. The project team sent a message to Elon Musk and Twitter’s new CEO, Linda Yaccarino, asking for help and a quick solution.
https://twitter.com/shibburn/status/16724480959042662400
Dash priced its halving event in double digits
Privacy-focused Dash (DASH) recently completed its halving cycle. After that, the SADH price gained more than 40%.
Dash has completed halving.https://t.co/eFyqxAV8Bl pic.twitter.com/1dSPJofXuS
— ICO Drops (@ICODrops) June 23, 2023
Celsius on the agenda with wash trading allegations
Crypto company Celsius Network, which went bankrupt in 2022, is facing new allegations from its creditors regarding market manipulation and inflated CEL token volume. In a recent lawsuit, he claimed that Celsius executives collaborated with crypto market maker Wintermute to manipulate the price of Celsius CEL tokens through wash trading.
HBAR introduces ChatGPT plugin
A collaboration between ChatGPT and Hedera Hashgraph’s cryptocurrency HBAR has occurred. The partnership is based on Blockchain and artificial intelligence. Thanks to the integration, users will be able to interact with the Hedera network with ChatGPT. However, it will be possible to access services such as Hedera Consensus Service (HCS), Hedera Token Service (HTS), and Smart Contract Service.
Any #ChatGPT users and enthusiasts in the house? 🙋♂️
Here’s a step-by-step guide on how to create a #ChatGPT #plugin that interacts with @hedera
This will be useful for those who want to tap into the power of #AI with #blockchain 🤖🧊⛓
Happy coding💻https://t.co/yhdWqSkG24
— Ed (@ed__marquez) June 23, 2023
Ripple supports Kotak Mahindra Bank’s digital rupee project
Indian bank Kotak Mahindra Bank chose Ripple’s technology to pilot its Digital Rupee e₹ project. The Indian bank had partnered with Ripple in 2018. Now they have started piloting the digital rupee.
BOOM 💥💥💥 CONFIRM KOTAK MAHINDRA BANK Is Going To Use #Ripple #XRP For #CBDC . Kotak Mahindra Bank Partnered With #Ripple In 2018 & Now Recently They Started The Pilot For Digital #Rupee Here's The Proof On Official Website Of #Ripple & #KotakMahindraBank #India pic.twitter.com/Qid74axlsP
— XRP CAPTAIN (@UniverseTwenty) June 24, 2023
Terra Luna Classic (LUNC) presented a new offer
A team of Terra Classic developers has revealed the “Six Samurai” proposal for Q3 2023. The proposal takes the name “Six Samurai” from the engineering team behind it. However, spending $116,000 for the third quarter of 2023, the team proposes an L1 roadmap that includes the transition from Columbus-5 to Columbus-6 and is updated to the Cosmos SDK.
Also part of the roadmap is the plan to follow the Terra Classic listing on Keplr’s Web Interface, an analytical visualization web tool, and Mintscan, a Cosmos block explorer for crypto exchanges and clients.
These two companies open new use cases for USDC
The Stellar Development Foundation (SDF) announced that Coinbase has added support for USD Coin (USDC) on the Stellar network. This will make it possible for Coinbase to withdraw and deposit USDC through the Stellar network.
$USDC on Stellar is now officially supported by @Coinbase! Coinbase’s millions of users can now benefit from near-instant speeds on USDC deposits and withdrawals via Stellar, and more easily access the network of real world utility. [1/2] https://t.co/zZS7tNJhIT
— Stellar (@StellarOrg) June 23, 2023
In another development from USDC, German software giant SAP announced that it is preparing to use USDC for international payments. The software company aims to make cross-border payments faster and more affordable with USDC. The testing phases have now started on the Ethereum network.
