- Cryptocurrency markets have been abuzz with significant developments recently.
- From new platform launches to substantial coin transfers, the crypto world is witnessing dynamic changes.
- Noteworthy among these is MoonPay’s launch of a new Web3 tools platform and HashKey Capital’s major transfer of PENDLE Coin to Binance.
Stay updated with the latest in cryptocurrency news, including major platform launches, significant coin transfers, and new listings on leading exchanges.
MoonPay Launches New Web3 Tools Platform
Blockchain payment infrastructure company MoonPay has announced the launch of its new Web3 tools platform. This platform aims to help brands offer a more seamless Web3 experience to consumers. According to MoonPay, the platform includes features such as identity verification, token gating, ticketing, and insights, which will aid brands in building communities, fostering loyalty, and unlocking new revenue streams.
The platform has already been instrumental in helping global brands like Adidas, Gucci, Puma, and Mastercard implement their Web3 strategies. For instance, Puma has utilized the Web3 tools to develop its latest digital twin series, allowing customers to purchase digital sneakers that can be exchanged for physical ones.
Anzen Finance Completes $4 Million Seed Funding Round
Anzen Finance, the issuer of the digital dollar USDz, has completed a $4 million seed funding round. The round saw participation from prominent investors such as Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, and Kraynos Capital. USDz is backed by a diversified portfolio of private credit assets, providing collateral for the token. Additionally, the token can be staked in various DeFi protocols.
HashKey Capital Transfers Over 620,000 PENDLE Coin to Binance
As reported by on-chain observer Lookonchain, HashKey Capital, a notable crypto whale, recently transferred 624,804 PENDLE Coin (approximately $4.23 million) to Binance. HashKey Capital has a history of buying PENDLE Coin at low prices and selling at highs, resulting in significant profits. The latest transfer has brought HashKey’s total profit on PENDLE Coin to around $9.96 million.
Whale Sells WIF at an Average Price of $3.7
On May 28, a crypto whale sold all 539,558 of their WIF tokens at an average price of $3.7, as observed by Lookonchain. This sale resulted in the whale acquiring approximately 11,708 SOL, valued at around $2 million. The whale’s realized profit on WIF has reached $24.1 million, with additional profits of $11 million on BODEN and $6.28 million on BONK.
Ethereum Foundation-Linked Address Deposits 200 ETH to Kraken
According to on-chain observer ‘ai_9684xtpa,’ an address associated with the Ethereum Foundation recently deposited 200 ETH (worth $770,000) to Kraken. Since April 30, this address has transferred a total of 1,170 ETH (valued at $3.85 million) to the exchange, with an average sale price of $3,289 per ETH. The address still holds 829 ETH.
Bithumb to List Arweave (AR) and Ethereum Name Service (ENS)
South Korean cryptocurrency exchange Bithumb has announced that it will be adding Arweave (AR) and Ethereum Name Service (ENS) to its listing. The exchange will create a KRW trading pair for both altcoins.
Conclusion
In summary, the cryptocurrency landscape continues to evolve rapidly with significant developments such as MoonPay’s new Web3 tools platform, substantial coin transfers by HashKey Capital, and new listings on exchanges like Bithumb. These events highlight the dynamic nature of the crypto market and the ongoing efforts to integrate blockchain technology into mainstream applications. Stay tuned for more updates as the crypto world continues to innovate and expand.
