This week, there have been several interesting developments in the cryptocurrency market. Ethereum announced in August that it will take the first steps for the long-awaited ETH 2.0. Apart from that, DOGE, ETH, AVAX and Litecoin are making headlines with interesting developments.
News of the week from DOGE, ETH, AVAX and LUNA
- British Columbia Search and Rescue Association (BCSARA) is now accepting donations in Bitcoin and Ethereum started. Crypto contributions will be accepted through CanadaHelps, the largest platform for online donation and fundraising in the country.
- Ava Labs founder Emin Gün Sirer said on Twitter that the Luna Foundation Guard (LFG) did not hold a significant amount of AVAX before the collapse of TerraUSD (UST). He dismissed the widespread notions about AVAX’s role in the Terra crash, and mentioned that AVAX’s design could prevent similar crashes.
- Bored Ape Yacht Club’s NFT collection has lost more than 50% since the beginning of May.
- Ethereum co-founder Vitalik Buterin said he is no longer a millionaire. According to data from
- IntoTheBlock, Dogecoin’s (DOGE) profit rate has soared to 53% after falling below 50% following price drops in early May.
- On-chain analytics resource Santiment stated that Tether did not observe a USDT-to-USDC shift in the USDT market cap decline, and subsequently USDC’s market cap He said there was an increase. The MimbleWimble Extension Block, known as
- MWEB, was used to integrate MimbleWimble into Litecoin. According to the official Litecoin Twitter account, the long-awaited MimbleWimble upgrade has been officially enabled and allows privacy-focused transactions on the network.
- Canadian investor Kevin O’Leary said he expects Bitcoin to rise despite the correction.
- Advisor to the Central Bank Digital Currency Think Tank, Dr. Smith said there has been a pessimistic sentiment among investors since the Terra crash.
- An anonymous cryptocurrency whale transferred $43,568,223 worth of Bitcoin to Coinbase. As we covered in the analysis of
- Kriptokoin.com , the DeFi altcoin market has recovered more than 92% after the market crash last week.
- Terra team warned the community to beware of malicious suggestions, said dApps are not launching in Terra 2.0.
- Elon Musk reacted to a tweet by the Dogecoin co-founder about crypto scam bots. Billy Markus made fun of bot accounts on Twitter, noting that they often have avatar images of cute men and women.
