Hot developments for XRP, LUNA, SHIB, ADA and these 14 Altcoins!

The cryptocurrency market spoke of LUNA and UST in May. This month, altcoin projects like Solana, Chainlink, and Polygon have come to the fore with a slew of partnership news. Here are the hottest developments of the day, from the Solana Chainlink integration to new claims about Do Kwon…

LUNA founder Do Kwon is behind several collapsed projects

  • With the Chainlink integration, Solana announced that it would provide live price data for Bitcoin, Ethereum, and USDC, with more cryptocurrencies to be added soon.
  • Behind Curve, the company issued statements claiming that events in the anchor protocol and broader financial markets together triggered the collapse of UST and LUNA. The company, which has significant stakes in Terra’s blockchain, said a small group of whales were responsible for sparking UST’s initial price pressure.
  • Following the collapse of Terra (LUNA) and its re-emergence as LUNA 2.0, the former cryptocurrency, whose platform is now called Terra Classic (LUNC), has been trending despite falling another 30% in a week . In addition, Terra Classic continues to receive support from various cryptocurrency exchanges.
  • Bored Ape Yacht Club First NFT Inspired Restaurant Bored & Hungry, a fast food restaurant, opened its first location in Los Angeles. The team behind the restaurant hires rapper and NFT enthusiast Snoop Dogg to open his next NFT restaurant.
  • Immutable X has emerged as a blockchain that could provide a solution to the scalability and gas fee issues in the new phase of the Bored Ape Yacht Club (BAYC) backed Otherside.
  • It turns out that major investors managing nearly $200 billion in assets are moving away from Ethereum (ETH) and investing in three altcoins instead: Cardano (ADA), Polkadot (DOT), and XRP. As we have covered the details in this article.
  • IoTeX has launched the world’s first Web3 compatible staking wallet. This feature was released with the rise of crypto users worldwide and the popularity of staking.
  • Twitter user FatMan, who shared key information about Terra founder Do Kwon, reported that Kwon worked at a venture company called Anify before the stablecoin Basis Cash collapsed. Anify was a P2P based communication system. After Anify, Do Kwon was behind other new failed projects.
  • Jesse Powell, CEO of Kraken, responded to questions put to him that the exchange had listed LUNA due to increased customer demand.
  • Cardano founder Charles Hoskinson thanked Ghost Generator for Cardano’s increased transaction volume this year.
  • XCN, the governance and service token for the cloud blockchain protocol, is up more than 70% in the last 10 days, while most other cryptocurrencies move sideways.
  • lists Nano (XNO) and Optimism (OP).
  • Vice President of the Central Bank of India (RBI), T Rabi Sankar, took an anti-crypto stance when speaking about India’s potential as a crypto and crypto space during a meeting with the International Monetary Fund (IMF). disrupting the blockchain ecosystem. Noting that banks will continue to play a crucial role in providing liquidity services to the public in India, Rabi Sankar warned that technology is just a tool and cannot be used to create currency.
  • Terra launches Terra Bridge V2 on mainnet with Cosmos IBC and Axelar Network. The bridge will allow users to transfer tokens between Terra 2.0, Ethereum, Osmosis, Secret, Cosmos and Juno.
  • Dogecoin co-founder Billy Marcus has made interesting statements about cryptocurrency scammers in recent tweets.
  • Voyager has announced Polygon MATIC’s popular Voyager Crypto Exchange integration. Crypto traders on Voyager now have another cryptocurrency to trade.
  • Following the launch of Optimism, Ethereum’s Layer 2 scaling platform, the network saw a massive increase in total value locked in the platform (TVL).
  • Over 650 million XRP tokens have been transferred from the anonymous wallet and crypto exchange in the last 48 hours.
  • Another investigation has been launched against crypto firms in South Korea over the Terra crash. Service providers were asked to share their future plans in the industry as well as cryptocurrencies.
  • A total of 201 million SHIBs were burned in the last 24 hours.

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