Latest Updates on AVAX Coin (AVAX) and 8 Other Key Altcoins: Crypto News Highlights

• Bitget and PoolX have launched their mining projects HODL and DAOT. Binance has announced its support for upgrades from Chiliz and MultiversX. Avalanche (AVAX Coin) has caught attention with an ambitious expansion move. And more…
• A whale named “Gyarados123” has deposited 198 billion SHIB (approximately $4.88 million) to Coinbase. The whale began accumulating SHIB 3 years ago at an average price of $0.0000085. If sold at the current price, the whale stands to earn approximately $3.2 million, a 2.9 times return on investment.
• Crypto exchange Bitget has launched its PoolX mining projects HODL and DAOT. Users need to stake BTC or ETH for mining and hourly token income. The staking mining opening time is between 16:00 on May 17 and 16:00 on May 27. PoolX is a staking mining platform of Bitget. Each period of PoolX will have one or more staking mining pools. In addition, it will distribute tokens every hour according to the user’s stake rate.

This article covers the latest developments in the crypto world, including Bitget and PoolX’s new mining projects, Binance’s support for Chiliz and MultiversX upgrades, and Avalanche’s ambitious expansion move.

Whale Deposits 198 Billion SHIB to Coinbase

According to on-chain observer The Data Nerd, a whale named “Gyarados123” recently deposited 198 billion SHIB (approximately $4.88 million) to Coinbase. The whale began accumulating SHIB 3 years ago at an average price of $0.0000085. If sold at the current price, the whale stands to earn approximately $3.2 million, a 2.9 times return on investment.

Bitget Launches PoolX Mining Projects HODL and DAOT

Crypto exchange Bitget has launched its PoolX mining projects HODL and DAOT. Users need to stake BTC or ETH for mining and hourly token income. The staking mining opening time is between 16:00 on May 17 and 16:00 on May 27. PoolX is a staking mining platform of Bitget. Each period of PoolX will have one or more staking mining pools. In addition, it will distribute tokens every hour according to the user’s stake rate.

Binance to Support Chiliz and MultiversX Upgrades

Major crypto exchange Binance has announced its support for the upcoming network upgrades of Chiliz (CHZ) and MultiversX (EGLD). The exchange is taking proactive measures to ensure a seamless user experience during these significant updates. The Chiliz (CHZ) network upgrade and hard fork will occur around 10:00 on May 20, 2024, at a block height of 13,189,711. Binance will suspend deposits and withdrawals for Chiliz tokens from 09:00 on the same day. Additionally, the MultiversX network upgrade will take place at 19:20 on May 21, 2024. Binance will suspend deposits and withdrawals for MultiversX tokens from 18:20.

Avalanche (AVAX Coin) Makes a Significant Move

Avalanche (AVAX Coin) has drawn attention with an ambitious expansion move. The project announced its entry into the tokenized assets space, starting with the tokenization of a premium quality wine investment fund. This initiative showcases Avalanche’s strategic alignment with the dominant wave of tokenization and positions the platform as a pioneer of innovation in the digital asset environment.

Conclusion

This week in crypto has seen a range of developments, from new mining projects to network upgrades and ambitious expansion moves. As the crypto landscape continues to evolve, these developments highlight the ongoing innovation and growth within the industry.