The cryptocurrency market spoke LUNA and UST in May. This month, altcoin projects such as Solana, Chainlink, and Polygon have come to the fore with a series of partnership news. Here are the hottest developments of the day, from Solana-Chainlink integration to new claims about Do Kwon…
LUNA founder Do Kwon is behind multiple collapsed projects
- With the Chainlink integration, Solana announced that it will provide live price data for Bitcoin, Ethereum, and USDC, with more cryptocurrencies to be integrated soon.
- Behind Curve, the company made statements alleging that events in the Anchor protocol and broader financial markets combined to trigger the collapse of UST and LUNA. The company, which is heavily involved with Terra’s blockchain, said a small group of whales was responsible for triggering the initial price pressure of UST.
- After the collapse of Terra (LUNA) and its re-emergence as LUNA 2.0, the former cryptocurrency, whose platform is currently under Terra Classic (LUNC), has been trending despite falling another 30% in a week. Additionally, Terra Classic still receives support from various cryptocurrency exchanges.
- Bored Ape Yacht Club The first restaurant inspired by the NFT, Bored & Hungry, a fast food restaurant opened its first branch in Los Angeles. The team behind the restaurant hires rapper and NFT enthusiast Snoop Dogg to open their next NFT-themed restaurant.
- Immutable X has emerged as a blockchain that could provide a solution to the scalability and gas fees problem in the mint phase of Bored Ape Yacht Club (BAYC)-backed Otherside.
- It turns out that major investors managing nearly $200 billion in assets are moving away from Ethereum (ETH) and instead investing in three altcoins: Cardano (ADA), Polkadot (DOT) and XRP. As Kriptokoin.com we have covered the details in this article.
- IoTeX has launched the world’s first Web3 compatible staking wallet. This feature was released with the rise of crypto users worldwide and the popularity of staking.
- Twitter user FatMan, who shared important information about Terra founder Do Kwon, reported that Kwon worked at a startup company called Anify before the collapsed stablecoin Basis Cash. Anify was a P2P based communication system. After Anify, Do Kwon was behind other new failed projects.
- Kraken CEO Jesse Powell said in response to questions put to him that the exchange listed LUNA due to increased customer demand.
- Cardano founder Charles Hoskinson thanked “Ghost Generator” for Cardano’s increased transaction volume this year.
- XCN, the governance and services token for the Cloud Blockchain protocol, has gained more than 70% in the last 10 days while most other cryptocurrencies are moving sideways.
- Crypto.com listed Nano (XNO) and Optimism (OP).
- T Rabi Sankar, vice-president of the Reserve Bank of India (RBI), took an anti-crypto stance when speaking about India’s potential to disrupt the crypto and Blockchain ecosystem during a meeting with the International Monetary Fund (IMF). Rabi Sankar noted that banks will continue to be crucial in providing liquidity services to the public in India, warning that technology is just a tool and cannot be used to create currency.
- Terra launches Terra Bridge V2 on mainnet using Cosmos IBC and Axelar Network. The bridge will allow users to perform cross chain transfer of tokens between Terra 2.0, Ethereum, Osmosis, Secret, Cosmos and Juno.
- Dogecoin co-founder Billy Marcus made interesting statements about cryptocurrency scammers in recent tweets.
- Voyager has announced the popular Voyager crypto exchange integration of Polygon MATIC. Crypto traders on Voyager will now have one more cryptocurrency to trade.
- Following the launch of Optimism, the Ethereum layer-2 scaling platform, the network saw a massive increase in the total value locked in the platform (TVL).
- More than 650 million XRP tokens have been transferred by the anonymous wallet and crypto exchange in the last 48 hours.
- Another investigation has been launched against crypto firms in South Korea over the Terra crash. Service providers were asked to report on their future plans in the industry, as well as cryptocurrencies.
- A total of 201 million SHIBs were burned in the last 24 hours.
