Latest Altcoin News

The total lock-up volume on Dogechain has exceeded $4.5 million and is currently $4,552,915, a 24-hour increase of 31.53%.

According to the official website, Dogechain aims to bring encrypted applications such as NFT, games and DeFi to the DOGE community, and will launch Token DC soon. Dogecoin officially stated that 1Dogecoin=1Dogecoin, there is only one Dogecoin blockchain, and it is not directly related to any Token. Beware of impostors.

According to official news, the cross-chain protocol Multichain announced that the integration of Step Network has supported FITFI and 7 other assets (BNB, BUSD, DAI, ETH, USDC, USDT, WBTC) in Step Network and including Ethereum, Binance Smart Chain Safe, fast and low-fee cross-chain transactions between the 7 blockchains.

Gabor Gurbacs, director of digital asset strategy at New York-based investment management firm VanEck, tweeted that about $1 billion has been transferred from USDC to USDT in the past month.

Market value data shows that the market value of USDC has evaporated by more than $1 billion in August, while the market value of USDT has grown significantly.

GaborGurbacs said, “I wouldn’t be surprised if institutions and large players feel it is safer to store their funds outside the U.S. following recent U.S. regulatory measures for crypto companies and tokens.”

Drake Evans, a member of the Frax Finance team of the hybrid algorithm stablecoin protocol, tweeted that Frax Finance will launch the lending platform Fraxlend, and the code has been released to Github.

Note: Fraxlend allows users to create an independent and permissionless lending marketplace using a pair of ERC-20 tokens, with Chainlink providing the exchange rate between the two assets.

Cryptocurrency exchange Kraken has announced the results of its second Proof of Reserves audit in 2022, which has now expanded to include assets such as BTC, ETH, USDT, USDC, XRP, ADA, and DOT.

Its audit scope adds five cryptocurrencies USDT, USDC, XRP, ADA and DOT, expanding the verification scope of Kraken customer balances to 63% of total assets held on Kraken (including spot exchanges and staking platforms).

The company said it plans to continue to include more assets in future proof-of-reserve audits.

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The address on the chain labeled “Alameda Research” (0xc5ed2333f8a2C351fCA35E5EBAdb2A82F5d254C3) sold all 184,266.3 APEs it held.

According to DeBank’s current data, the APE Token held by this address is less than $1.

CoinMarketCap statistics show that since May 11, the circulating supply of USDT has dropped by $17.24 billion, while the supply of USDC has increased by $7.3 billion, the supply of BUSD has also increased by $700 million, and the supply of DAI has decreased by $1.6 billion.

In addition, around July 20, the total market value of the four stablecoins USDT, USDC, BUSD, and DAI was higher than the total market value of Ethereum for the first time in history.

Solana wallet Phantom has been hacked, with multiple users reporting that their funds were drained without their knowledge. So far, attackers have stolen at least $500,000 in SOL tokens, $1.5 million in SPL tokens, and $1 million in NXDF tokens from suspicious wallets. Other wallets also appear to be targeted.

Phantom said, “We are evaluating the incident affecting the Solana wallet and are working closely with other teams in the ecosystem to find out the truth. Once we gather more information, we will issue an update.” The project said that it does not currently Think this is a problem specific to Phantom.

Additionally, some users suspect that the hack may be related to MagicEden’s Solana-based NFT marketplace transactions, although the source of the breach has not been confirmed. MagicEden did not respond to a request for comment, but tweeted a warning asking users to revoke their wallets’ permissions to avoid being attacked.

Nico Arqueros, CEO and co-founder of dcSpark and a core contributor to the Milkomeda protocol, shared some statistics on the Cardano EVM sidechain Milkomeda C1 on his social media: a total of 7,485,720 transactions and 96,026 wallet addresses, and the number of wallets may reach 8 The number of games launched in the month reached 100,000 after release.

Monero mining pool MineXMR has announced that it will shut down on August 12, before Monero miners need to reconfigure to use a different pool.

Officially, miners are advised to transition to a decentralized p2pool, as there are no mining pool fees when using p2pool, and a decentralized mining pool helps support the Monero network.

Remaining pending rewards will be sent automatically after the pool is closed. It was reported in February that MineXMR controls 44% of the computing power, and community members are worried that a 51% attack may occur.

Price comparison portal Finder recently conducted a Dogecoin (DOGE) price prediction survey of a panel of 54 industry experts, and the results showed that most industry experts have no confidence in Dogecoin’s long-term future.

On the question “Do you think DOGE will lose its value entirely?”, 55% said yes, 21% thought Dogecoin would rebound, and 24% said they weren’t sure.

On the question “When will the price of Dogecoin go to zero?”, 3% said it would happen within this year, 12% said it would happen next year, 9% said it would happen in 2024, and 30% said it would happen in 2024. 2025 or later. Finder concluded: “People think that Dogecoin is a long way from To the Moon, and there is now more concern that it will stay on Earth (ie, go to zero).”

Web3 identity and reputation company Civic has launched a new tool – uniqueness verification and a platform called Civic.me aimed at fighting bots, scams and rug pulls.

Speaking at NFT Expoverse in Los Angeles, Civic Chief Product Officer JP Bedoya said: “Uniqueness verification is a suite of products we offer businesses called Civic Pass. Simply put, it’s a Tokens, non-transferable and not directly visible through a browser and then verified through some form of verification.”

According to Civic, Uniqueness Verification is a service designed to prevent bots from unfairly exploiting the process by limiting the number of wallets an account can use for NFT issuance. Only one wallet can be used by each user, and the purpose is to prevent bots from accumulating a large number of issued NFTs. Additionally, Civic.me allows users to manage their online identities, NFTs, wallet addresses and reputation in one place on this blockchain.

Brazil’s São Paulo football club announced the introduction of Argentina’s Banfield football club player Giuliano Galoppo, and the transfer funds were paid in the form of stable currency USDC through the Latin American exchange Bitso.

It is reported that Bitso is a sponsor of the Brazilian team Sao Paulo. Thales Araújo de Freitas, CEO of Bitso Brazil, described the transaction as a historic moment for Bitso, São Paulo and South American football more broadly.

According to the official Twitter, the blockchain horse racing game Zed Run announced that it has opened the ZED token airdrop application. Users will have a 90-day application window, and the unclaimed ZED tokens will be transferred to the in-game reward vault.

Previously, Zed Run developer VHS completed a $20 million financing from a16z and others in July last year. Earlier this month, Zed Run announced that it would be issuing ZED tokens, and Zed Run racehorse owners would be eligible to claim the airdrop.

The total number of ZED tokens is 1 billion, of which 7% will be airdropped to game users. The snapshot was taken on June 1.

Post Voyager, developer of MOOI Network, the blockchain branch of Japanese mobile gaming giant Cocone, announced Friday a partnership with Ozys, the blockchain behind Orbit Bridge and several DeFi protocols such as Polygon Eco Meshswap and Klaytn Eco KLAYswap development company.

As part of the partnership, both parties agreed to expand cooperation to expand the ecosystem of MOOI Network. Post Voyager will partner with Ozys to jointly promote the launch of MOOI tokens on Klaytn and Polygon.

The MOOI token will be launched on the Polygon chain on August 8 and will be listed on Meshswap. It was previously confirmed that MOOI will also be released on Klaytn and will be launched on KLAYswap on the same day.

Institutional-grade wallet Safe plans to launch its own token called SAFE, but there is no firm timeline for the launch.

However, crypto analysts said investors could start betting on Safe’s success through some kind of backdoor by buying GNO tokens linked to Safe’s parent company Gnosis.

GNO’s price has risen more than 30% since Safe raised $100 million in strategic funding from more than 50 investors including 1kx, Coinbase Ventures, Tiger Global Management and Digital Currency Group earlier this month. Previously, George said the SAFE token could be launched in September or October.

According to the CertiK security team, the $LARP token has dropped by more than 80% and the project has been identified as a fraudulent project. The deployer sold the initially minted LARP tokens for approximately $28,000 (20 ETH).

The proceeds are transferred through the Aztec Private Rollup Bridge. Users are advised to remain vigilant.

Decentralized stablecoin protocol Angle Protocol announced the deployment of its lending module to Arbitrum.

Through its euro stablecoin, agEUR, users can gain some euro exposure, and users who don’t want to borrow the asset can buy agEUR on Uniswap or use LayerZero to bridge to Arbitrum, Angle said.

The NEAR ecological EVM expansion network Aurora released the decentralized governance platform Vote, and launched the VOTE token, which can authorize community members to manage the agreement. Among them, users can earn VOTE by staking AURORA on Aurora+, and the number of tokens a user can earn is proportional to the duration and the number of tokens staked.

At present, users can use VOTE to elect new DAO members or delegate to a third party to vote, and various governance-related options are planned in the future.

According to Arcane Research data, from August 2, 2020 to January 1, 2022, the supply of stablecoins in circulation increased by 8.7 times to $165 billion.

However, as of July 1, the number of stablecoins in the entire network dropped to $151.3 billion, of which $35.1 billion fell in the second quarter, reaching 18.8%, which was the largest quarterly drawdown in the history of stablecoins.

The DeFi protocol Backd announced its name change to Mero and said that the previous name was Backd because the protocol was designed to improve the capital efficiency of lending protocols, and now the protocol has become a protocol that improves liquidity efficiency and earns higher returns for users in various ways. .

Mero stated that it is ready to remove the capital deposit cap and will deploy the governance token MERO after the launch of the first Action. Backd announced in June that it had closed a $3.56 million funding round led by Advanced Blockchain AG.

Reserve Protocol, a decentralized stablecoin protocol, will complete the first phase of token unlocking on July 29, increasing the supply to 42 billion.

It is reported that Reserve Protocol is a decentralized stablecoin platform. The first phase of token unlocking starts from January 2022, and 29 billion RSRs will be linearly unlocked within 6 months. After the tokens are unlocked, they will still be kept by the Reserve. . Holders can submit a sale request, and the Reserve will sell the tokens over-the-counter after receiving the request.