This week, there have been several interesting developments in the cryptocurrency market. In this article, let’s list the most important developments of the week from the Terra (LUNA) ecosystem to the new partners of the Shiba Inu (SHIB).
Here are the developments of the week from LUNA, SHIB and XRP
- Vitalik Buterin said that Ethereum may switch to Proof-of-Stake in August. A clear date has not yet been announced for the merger, namely “merge”.
- Avalanche founder Emin Gün Sirer, in a recent interview, explained the seriousness of the Terra collapse at Mt. Gox hack. He said such an event would prompt further regulatory scrutiny.
- Ripple, the company behind XRP, has announced a $100 million investment to fight climate change. Nine-figure financing will help accelerate the modernization of the carbon credit market.
- In a recent tweet thread, the Avalanche team published a technical report on why their subnet solution is better. He explained that subnets can meet the needs of the NFT market and withstand high transaction pressure. In addition, it was emphasized that decentralized applications can be deployed to several subnets in terms of dApps.
- A recent Tether (USDT) reserve report revealed that USDT satblecoin dropped 17% from $24.2 billion to $19.9 billion in commercial paper.
- Resigning from all his duties at Zilliqa (ZIL) on February 28, 2022, Amrit Kumar confirmed on May 20 that he is no longer working for the project.
- Shiba Inu accepted as a payment method in thousands of restaurants in more than 65 countries. As Kriptokoin.com we have covered the details in this article.
- Announced by Terra network co-founder Do Kwon, its new version will most likely go live as most validators and users in the ecosystem voted in favor. However, some DeFi platforms have announced that they will not accept Terra.
- Tesla CEO and founder Elon Musk has announced that he is not focusing on acquiring Twitter.
- UK regulators took action to accelerate cryptocurrency regulation following the LUNA and UST collapse.
- About the collapse of the Terra ecosystem, Tether CTO Paolo Ardoino said that the project was not rug pull but was poorly designed.
- BNB Chain’s investment director, Gwendolyn Regina, said that BNB Chain will support projects from the Terra ecosystem.
