This week, there are interesting developments from the competition of PoS Blockchain giant Cardano (ADA) and Ethereum to the new consultancy firm Shiba has appointed for metaverse projects. Here are key developments from SHIB, ADA, XRP, SOL and other altcoins.
Cardano (ADA) was the most eye-catching altcoin project of the week
- Billy Markus, one of the founders of Dogecoin, made statements saying that Terra 2.0 will fail.
- Ethereum gas fees hit their lowest levels since last summer.
- Ripple CEO Brad Garlinghouse said that many cryptocurrencies will succeed in the long run. As Kriptokoin.com we have covered the details in this article.
- Exotic Markets, a new Solana-based DeFi ecosystem, introduced a dual currency mechanism for sustainable rewards.
- Cardano has reached 4 times the number of active active users than Ethereum in percentage.
- Coinbase Wallet announced that it will add support for BNB Chain and Avalanche (AVAX).
- Paraguay, one of the most suitable countries for mining, has approved a bill that will regulate cryptocurrency mining and transactions.
- Smart contract platform Klaytn has partnered with Parity Technologies for a metaverse project.
- An Ethereum whale named “BlueWhale0073” bought 90 billion Shiba Inu (SHIB) for approximately $1 million.
- Cryptocurrency exchange Huobi confirms it will list LUNA 2.0; Binance will support Terra’s recovery plan.
- Golf brand Callaway announced that it has joined LinksDAO for a strategic partnership.
- Polygon has launched an ‘unlimited multi-million dollar fund’ to help move Terra projects to its platform.
- In a recent blog post, the Shiba Inu team announced that they have added Sherri Cuono to their metaverse team. Working on a range of projects from entertainment, health to business, Cuono will join Shiba Inu’s metaverse team as a consultant.
- The SEC granted an extension of time for attorney John Deaton to appeal less than 24 hours after filing the lawsuit. The court also ordered that any response to the SEC’s objection be submitted by June 10, 2022 so that the parties can proceed with the case.
- A Terra team calling themselves “FatMan” said on Thursday that top crypto exchanges including Binance, Gemini, Kraken and Coinbase may face a Securities Act lawsuit for the sale of UST and LUNA in the US. He claimed.
- Celestia started the first tesnet Mamaki. Another incentive testnet is planned before the mainnet.
- Elon Musk will personally donate $33.5 billion to the Twitter buyout bid.
- Tether has launched a new stalecoin pegged to the Mexican Peso.
- Acala Network announced that it will distribute 1 million ACA to liquidity providers in LCDOT/DOT, LCDOT/aUSD, ACA/aUSD and aUSD/LDOT pairs.
- Moonbeam (GLMR) adopted on Uniswap version 3 on May 24, Price up approximately 30%.
