There have been important developments in the Web3 field this week. Kaidro announced in a recent announcement that he is joining the Immutable platform. The latest developments from SHIB, ETH and 12 altocins are as follows…
1inch Network
DeFi protocol 1inch Network has announced its expansion to zkSync Era, a recently released L2 solution for scaling Ethereum. The move is expected to provide zkSync Era with deeper liquidity, offer greater transparency and enable users to trade faster with better odds and less slippage.
6/ While #zkSyncEra was still in development stages, more than 200 projects, including @chainlink, @SushiSwap, @Uniswap, @AaveAave, @argentHQ, @gnosischain and @CurveFinance, expressed interest in deploying on the blockchain.
— 1inch Network (@1inch) April 20, 2023
Shiba Inu (SHIB)
According to Twitter’s SHIB BPP, the rate of SHIB burning at Shibarium is estimated to be less than 500 billion SHIB per year. In a tweet, SHIB BPP claimed that it extracted the burn rate after running a burn estimate based on the current prices of BONE and SHIB with the best number of L2 transactions in the previous 30 days.
I just ran new burn estimates for Shibarium.
Shibarium will impress me if it can burn 500 billion $SHIB per year.This is based on the current prices of BONE and SHIB, as well as the number of transactions of the top L2 in the previous 30 days. pic.twitter.com/L7dLE2T9JF
— $SHIB BPP (@ShibBPP) April 18, 2023
Kaidro
Blockchain-based game Kaidro has recently joined the Immutable platform for its foray into the Web3 industry. With $5 million raised in anticipation of its upcoming games, Kaidro is reportedly set to revolutionize the gaming industry.
Welcome @kaidrochronicle to Immutable!
Kaidro began as a webcomic raising $5M in anticipation of their storytelling game and is now embarking into web3 #onImmutable.
They are also working with the writer of Avatar: The Last Airbender to flesh out an animated TV show! pic.twitter.com/oPYgxd4mCb
— Immutable – $IMX (@Immutable) April 19, 2023
Ethereum (ETH)
Binance has announced that its users can now withdraw staked ETH from the exchange. According to the announcement, ETH 2.0 stakers will be able to withdraw ETH using their BETHs at a ratio of 1:1. They can execute the transaction on the ETH 2.0 staking page on the Binance website.
cryptocoin.comWe have included the details in this article.
#Binance has enabled the withdrawal function for ETH 2.0 staking.
For more details on how to redeem $ETH with your $BETH holdings, read our previous announcement below.
— Binance (@binance) April 19, 2023
Maple Finance
Maple Finance has announced its latest cash management pool investing in one-month U.S. Treasury bonds. The current one-month Treasury bond rate is around 3.7%, excluding 0.5% management fees, so the facility offers investors 3.2% annual returns on stable currency deposits.
Going live in 10 minutes 🥞 https://t.co/fQjxkGPcFZ
— Maple (@maplefinance) April 11, 2023
barchain
Focusing on decentralized finance (DeFi), layer 1 Blockchain Berachain has announced a $42 million Series A worth $420.69 million. The fundraising, which was completed in December, was led by Polychain Capital and included investors Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures as well as several undisclosed central crypto exchanges.
We're excited to announce our $42.0M fundraise from leading funds and angels including @polychaincap @hack_vc @daofive @tribecap @citizenxcrypto @shimacapital @robotventures @zmanian @musalbas and many others to build the deepest pools of liquidity in DeFi. pic.twitter.com/GZq04A7n1z
— Berachain 🐻⛓⚛️ (@berachain) April 20, 2023
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) said it is working with Web3 payments firm MoonPay to create a legit launchpad that users interested in purchasing a .eth domain name can use.
Domain name protocol @ensdomains and payment firm @moonpay are partnering to create a fiat on-ramp for users interested in purchasing a .eth domain name.
@cryptauxmargaux reports:https://t.co/fLutpDqDOk
— CoinDesk (@CoinDesk) April 20, 2023
Bancor
Bancor, a decentralized exchange (DEX) built on the Ethereum network, has launched Carbon, an on-chain trading platform.
According to the press release, Carbon’s goal is to make trading on the DEX easier and more advanced through the trading functionality of a centralized exchange (CEX), but with the access and transparency of AMMs.
🗿 @carbondefixyz is live and ready for your trading strategies!https://t.co/VTsk3DwsU9 📉🔄📈 https://t.co/FIPXKhpPwe
— Bancor (@Bancor) April 20, 2023
0x
Exchange infrastructure provider 0x has introduced a new set of APIs designed to provide crypto developers with the tools to create financial products for fast trading, better prices, and an enhanced user experience.
Tornado Cash
A Dutch court has ruled that Russian developer Alexey Pertsev, who worked on the code for the Tornado Cash privacy protocol, can await trial from home.
Pertsev will be released next Wednesday, giving time for electronic monitoring devices to be installed in his home. He will have to wear an ankle bracelet, but will not have to pay any financial guarantees.
Terra (Luna)
Montenegrin prosecutors accused Terra co-founder Do Kwon and chief financial officer Han Chang-joon of forgery of documents. The two were arrested by Montenegrin authorities on March 23 when they were trying to board a flight to Dubai with fake passports and documents.
In a hot development from the case, the indictment that the managers were accused was delayed for a while.
Ripple (XRP)
CoinMENA, a leading crypto exchange looking to serve the Middle East and North Africa (MENA) region, has expanded its services to Iraq. Thus, investors in the country will be able to buy XRP from the platform without any hassle.
PawSwap (PAW)
@Dezaxe, prominent member of the PawSwap community, announced that PAW, the native token of PawSwap DEX, has been listed on a new crypto exchange.
#PAWSWAP $PAW is now officialy listed on @coinexcom pic.twitter.com/QX4JYHcUcx
— DEZAXE (@Dezaxe) April 20, 2023
