The morale in the cryptocurrency market is down. Because, the leading crypto Bitcoin dived below $ 27 thousand. Altcoin projects have also generally followed their leaders. However, it can help develop projects, establish partnerships, etc. continues.
Breaking news panorama from altcoin projects…
MakerDAO goes to discount DAI Savings Rate (DSR)!
MakerDAO increased the DSR for its stablecoin Dai (DAI) from 3% to 8% last week. This change means an increase of 166%. However, MakerDAO proposed a major reduction in the rate of return for its DAI savings product with a governance proposal on August 17. The proposal will remain open to vote until September 16. 76 thousand MKR is needed for the adoption of the proposal. So far, the participants voted 45 thousand MKR affirmatively on the proposal.
A new Executive Proposal is live on the Maker Governance portal.
MKR holders and delegates are encouraged to use their voting power to deploy the changes listed below, if they support them. pic.twitter.com/UxQwbg4jVn
— Maker (@MakerDAO) August 17, 2023
Coinbase Canada to suspend trading of three altcoins
Ahead, crypto exchange Coinbase will suspend Tether, Dai and RAI trading for Canadian users. Users will be able to continue depositing and withdrawing USDT, DAI and RAI after the deadline. However, the exchange will suspend trading.
BNB Chain bridge hacker’s BNB position liquidated
cryptocoin.com As you follow, the market has been shaken by the sharp bearish wave that started yesterday. This drop also hit the hacker who stole $150 million from BNB Chain. With the sharp decline in the BNB price, the hacker’s $33.3 million BNB position was liquidated. The hacker in question stole nearly $600 million worth of assets from BSC last year. He bought $150 million worth of USDT and USD Coin (USDC) with these BNBs. The hacker also opened a 900,000 vBNB position on Venus Protocol at the time.
Magic Eden launches $1M creative fund at Polygon
Cross-chain NFT platform Magic Eden is launching a $1 million creator fund at Polygon, designed to help the next generation of creators build ecosystems with a team of industry veterans and consultants.
The giant whale lost millions of dollars from PEPE!
A whale has disposed of 825 billion PEPE at a loss in the last 3 days, crypto analytics platform Lookonchain reported. Whale bought 3.5T PEPE ($7.6M at the time) from Binance at the highest prices on May 8 and May 13. It then sold 1.44T PEPE ($1.73 million) in August. Thus, he lost about $1.4 million from this trade.
A whale dumped 825B $PEPE at a loss in the past 3 days.
The whale withdrew 3.5T $PEPE ($7.6M at the time) from #Binance at the price highs on May 8 and May 13.
Then sold 1.44T $PEPE ($1.73M) in August, losing ~$1.4M. pic.twitter.com/CtL3d38BId
— Lookonchain (@lookonchain) August 17, 2023
OKX delisted two altcoin trading pairs
Crypto exchange OKX has announced that it will delist several illiquid perpetual swap and margin trading pairs. In this context, OKX will de-list DORA/USDT and ENJ/USDT trading pairs on August 24 at 11:00. The exchange cited increasing market liquidity and providing a better user experience as the reason for de-listing.
Ethereum-Futures ETFs are on their way to SEC approval!
The US Securities and Exchange Commission (SEC) is on track to give the green light to the first exchange-traded funds (ETFs) based on Ethereum (ETH) futures. This decision marks an important victory for several financial firms that have been advocating for the launch of these products for some time. According to experts, it is unlikely that the SEC will block the launch of these ETFs, which will be based on futures contracts of Ether.
SEC gives green light to interim appeal in Ripple case
The U.S. District Court for the Southern District of New York granted the SEC’s motion to appeal. However, this decision does not automatically allow for an appeal. The decision only allows the SEC to make a formal request. The court set a set of deadlines for both parties. The SEC is expected to file its petition by August 18, followed by Ripple by September 1 to file its appeal documents.
Tether (USDT) finally drops its first platform Omni
Tether Limited has stopped supporting its flagship product USDT, the largest stablecoin, on three Blockchains. In this context, Tether Limited will end its support for the Kusama, Bitcoin Cash SLP and Omni Layer applications for USDT from August 17. The company stated that this decision was based on a set of internal analysis indicators. Meanwhile, Omni, the first platform USDT has used since 2014, is also on the list. However, the return of Tether (USDT) to the Bitcoin (BTC) ecosystem is not yet impossible for his team.
Tether makes strategic decision, to meet community demands. After careful consideration, Tether will discontinue support for the ⛓️Kusama, Bitcoin Cash SLP and Omni Layer (redemptions and chain-swaps will proceed as normal).
Details : https://t.co/A9hB53bQKK pic.twitter.com/LMEYv4z4lV
— Tether (@Tether_to) August 17, 2023
AltLayer collaborates with Arpa Network’s Randcast
According to a recent blog post, AltLayer has announced a strategic partnership with Randcast of Arpa Network. This collaboration aims to leverage the strengths of both platforms.
1/3 Stoked to team up with @arpaofficial, the powerhouse behind Randcast, a secure on-chain verifiable random number generator (RNG). We will integrate ready-to-use RNG tools within our #rollups to speed up the builder journey. 💪https://t.co/Dlrk35rKKi https://t.co/AthtDZgYmA pic.twitter.com/UAfwyHYaoY
— AltLayer (@alt_layer) August 17, 2023
28 global businesses accept XRP as payment he is drinking
BitPay specifically highlighted 28 companies where XRP investors can spend XRP in exchange for goods and services they want. Specifically, 28 businesses represent BitPay’s traders. BitPay noted that XRP’s fast four-second payment time is a factor that has attracted traders to accept altcoin tokens as payment.
A growing number of #merchants accept direct $XRP (aka @Ripple) payments directly from your wallet. Find out more about where you can pay with XRP using #BitPay.
Learn more:https://t.co/zFGxw4uygH pic.twitter.com/qBTZs9cEDj
— BitPay (@BitPay) August 17, 2023
Three crypto exchanges list three altcoins
LCX exchange announced that it will list the Internet Computer (ICP) token. Another crypto exchange Bitkub is adding the popular altcoin project Worldcoin (WLD) to its list. The exchange announced that it will list WLD on August 18 at 1:00 am. Crypto exchange BitMart lists Verse with VERSE/USDT parity on August 18 at 13:00.
TXA launches a burn campaign!
TXA (TXA) has launched a token burning campaign. The campaign is currently in effect and will run until 1 October. In this context, the altcoin project will open Swap and TXA Network main-net on August 31. Staking Abilities will come with the launch.
Guess what?
20 min until you hear about:
Token burn campaign currently underway until Oct 1st
Swap and TXA Network Mainnet Launch Aug 31st
And the Staking Capabilities that are coming w/ launchSet up a reminder!https://t.co/ZVDAeYduZd
— Project TXA (@Project_TXA) August 5, 2023
Gods Unchained launches staking program
Gods Unchained began its announcement by saying, “Greetings, Mortals.” “The gods are back to give you more gifts!” he continued. The altcoin project has announced that its new and improved manual staking program will be live by October 4, 2023.
🙌 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 $𝐆𝐎𝐃𝐒 𝐒𝐞𝐚𝐬𝐨𝐧 𝟐🙌
Greetings Mortals, the gods are back to bestow you with more gifts!
The new-and-improved manual staking program is live until October 4th, 2023
🧵 pic.twitter.com/qcLgEh5Ijn— Gods Unchained (@GodsUnchained) March 1, 2023
