- The crypto world is buzzing with a slew of exciting developments from several leading projects.
- From the release of a new game by Port3 Network to Ethereum Foundation’s security initiative, there are significant updates worth noting.
- Among the key highlights, DOGE Coin has marked a substantial adoption milestone, presenting a promising prospect for the meme coin’s future utility.
Stay updated with the latest crypto developments, featuring ETH, DOGE Coin, and other notable altcoins. Discover in-depth insights and significant updates in the crypto sphere.
Port3 Network to Launch New Game in Mid-July
Port3 Network has announced the launch of its new game, scheduled for mid-July. In a significant strategic move, the project is collaborating with TON. This game is designed to bolster the application and liquidity of PORT3 tokens by facilitating participation with these tokens. Moreover, the game will be accessible on both the BSC Chain and the Ethereum Blockchain, broadening its reach and appeal.
DeBank Initiates First DeBank XP Airdrop
DeBank has kicked off its first DeBank XP airdrop, following the XP snapshot taken on July 4th. All active addresses on the snapshot date are eligible to claim the initial XP airdrop. The XP airdrop aims to reward users who have exhibited significant activity on the blockchain or within the DeBank platform in 2024. The claim process is currently live on the DeBank site and will remain open for a month, encouraging continued engagement with blockchain activities and DeBank events.
New Venture Capital Wing by Auros
Auros, a notable player in cryptocurrency trading and market making, has launched Auros Ventures, its new venture capital arm. With plans to invest over $50 million of its own capital across the next two years into early-stage digital asset companies, Auros is positioning itself as a significant investor in the digital assets space. Julien Auchecorne, a seasoned investor with stints at Brevan Howard and XBTO International, will lead this initiative, signaling Auros’ commitment to expanding its influence in the crypto ecosystem.
Ethereum Foundation Hosts “Attackathon” with Immunefi
The Ethereum Protocol Security (EPS) research team, in partnership with Immunefi, has officially launched the first Ethereum Protocol Attackathon. This four-week event is a large-scale crowd-sourced security audit competition aimed at fortifying the Ethereum protocol. The Ethereum Foundation (EF) has set a target to raise over $2 million for the prize pool, with an initial $500,000 already secured. This initiative underscores the ongoing efforts to enhance security within the Ethereum network through community collaboration.
ZKM’s Upcoming Bitcoin Layer 2 Solution, GOAT Network
Interoperability protocol pioneer ZKM has announced plans to launch the GOAT Network, a Bitcoin Layer 2 solution, in the third quarter. As the first decentralized Bitcoin Layer-2 with shared network ownership, GOAT Network represents a milestone in ZKM’s mission to unify the decentralized Web3 world. Kevin Liu, ZKM’s co-founder and an early supporter of the project, emphasizes the importance of decentralization and shared ownership from the outset.
Particle Network’s Collaborative Test-Net Goes Live
The L1 Particle Network, known for its modular blockchain abstraction, has launched the Chain Abstraction Alliance’s first joint test-net, now online. Partnering with Berachain, this initiative aims to unify various blockchain ecosystems. Users from Berachain and other blockchains can leverage this test-net to navigate the blockchain ecosystem seamlessly, marking a significant step towards blockchain interoperability.
Major ETH Transfer Amid Market Volatility
Amid continued market volatility, a notable whale activity was observed with the transfer of 10,000 ETH to Kraken from an address that acquired the tokens from Coinbase in September 2022. This sizable move highlights ongoing market dynamics and the strategic maneuvers by whale investors during periods of market flux.
DOGE Coin’s Adoption Milestone
The DOGE Coin team has announced a major adoption milestone, emphasizing an increase in the coin’s utility. Unlike many crypto projects focused solely on gains, Dogecoin is designed as a straightforward means of everyday exchange for users. This milestone showcases Dogecoin’s potential to fulfill practical use cases, with enthusiasts around the globe actively integrating DOGE into real-world exchanges.
Conclusion
These recent developments across various projects underline the dynamic nature of the crypto world. From innovative launches and strategic partnerships to significant adoption milestones, each update adds a layer to the evolving narrative of the cryptocurrency landscape. As always, staying informed and engaged with these changes is crucial for anyone involved in the crypto market.
