- The crypto market continues to buzz with exciting developments, including airdrops and significant whale activities.
- Major projects like Catizen and Aleo are unveiling new initiatives that promise to shake up the space.
- Coinbase has made a critical announcement regarding the integration of AI-related assets, affecting investors and developers alike.
Stay informed with the latest breakthroughs in the cryptocurrency world, including game-changing airdrops, whale movements, and critical platform updates.
ARB, PEPE Coin, and Updates from 7 Other Altcoins!
Recent announcements and market movements have put the spotlight on several altcoins, with each making significant strides in their respective niches.
Catizen Unveil Plans for a Gaming Platform with July Airdrop!
Catizen, an ambitious Blockchain gaming initiative, has revealed its roadmap outlining the launch of a comprehensive gaming platform. The project is entering its third phase, with plans to debut over 200 mini-games. These micro-games aim to collectively attract more than 100 million players, positioning Catizen as a leading hub in the gaming ecosystem. Additionally, a much-anticipated airdrop is scheduled for July 2023, hinting at heightened player engagement and broader adoption.
Aleo to Launch Testnet Provers Incentive Program
Aleo, focused on data privacy in blockchain, is set to initiate a testnet prover incentive program from July 1-15, 2023. The objective is to validate Coinbase’s reward mechanism and underlying puzzles. The Aleo Network Foundation has announced that it will allocate 1 million points for provers, with main-net points proportionate to testnet points earned during the incentive period. To qualify for any reward, a minimum of 1,000 main-net points must be accrued. These points will later serve as a payment mechanism for Aleo’s main-net services once launched.
TON Network’s TVL Surpasses $680 Million
According to DeFiLlama, the Total Value Locked (TVL) in the TON Network exceeded $680 million as of June 29, 2023. While this marks a new record, the growth rate appears to be slowing. Within the TON ecosystem, the DeDust DEX protocol saw its TVL grow by 6.5% over the past week, reaching $344 million.
GoldLink to Distribute 75,000 ARB
DeFi lending protocol GoldLink announced the launch of a reward program supported by the GMX Grants Program. Starting from June 30, 2023, borrowers depositing into the GMX funding rate farming pool can earn up to 20% annual yield, with 75,000 ARB tokens distributed. Rewards will be allocated weekly and borrowers can claim their ARB shares directly from the GoldLink website. The distribution will be based on the credit pool’s total locked volume (TVL) threshold.
Whale Converts All PEPE Coin Holdings to ETH
On-chain analytics firm The Data Nerd reported that on June 29, 2023, a whale address (0x837) converted its entire PEPE Coin holdings into Ethereum (ETH). Subsequently, the whale withdrew 1,728 ETH (approximately $5.86M) from Binance, accumulating a total of 4,374 ETH (roughly $14.91M) over two days. These ETH were later staked into Compound. Earlier activities indicate that the whale had transferred its PEPE holdings to Binance, followed by withdrawals amounting to 2,646 ETH (around $9.04M) at an average price of $3,416 apiece.
Coinbase Declines Support for AI Altcoin Merger
Leading U.S. exchange Coinbase announced it will not facilitate the planned merger of multiple AI altcoin projects into a single new cryptocurrency. Through social media platform X, Coinbase communicated that users would have to initiate the merger independently. Specifically, the merger involves Ocean Protocol (OCEAN) and Fetch.ai (FET) forming an Artificial Superintelligence Alliance (ASI). In a detailed statement, Coinbase clarified its stance:
Ocean (OCEAN) and Fetch.ai (FET) have announced their merger to create the Artificial Superintelligence Alliance (ASI). Coinbase will not handle the transfer of these assets on behalf of users.
Earlier this year, Fetch.ai (FET), Singularitynet (AGIX), and Ocean Protocol (OCEAN) revealed their merger plan focused on AI research and development to become a significant independent player in the industry.
Conclusion
The cryptocurrency realm remains vibrant and rapidly evolving, from ambitious gaming and data privacy projects to notable whale movements and platform policies. Key takeaways include Catizen’s expansive gaming initiatives, Aleo’s incentive programs, and critical updates from leading exchanges like Coinbase. As we move forward, these developments provide a strong indication of growing innovation and engagement within the space.
