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April 22, 2024
KuCoin plugs into Web3 with a new decentralized wallet
Hi there! Welcome to the weekly digest brought to you by the Good Crypto team. We know how important it is to be well-informed about the latest developments in the niche, so we have brought together the past week’s most exciting events. Below you will find the hottest news, the newest exchange listings, and even memes to cheer you up. If you want to get these updates as soon as we post them, follow us on Twitter or Telegram.
Weekly Market Summary
PoolTogether, a decentralized finance (DeFi) platform that advertises itself as a “no-loss lottery,” has earned 470.90 Ether (ETH) from non-fungible token (NFT) sales to support its legal defense against a putative class action lawsuit.
PoolTogether is already more than halfway to its target of raising at least 769 ETH ($1.5 million at the time of writing) to fight what it deems a “no merit” lawsuit.
Rumors about NFT trading cards have surfaced ahead of Apple’s forthcoming developer conference.
In the run-up to the 33rd annual Worldwide Developers Conference (WDDC), which kicks off on June 6, Apple announced intentions to show off four new devices and software versions, including iOS 15 and iPadOS 15, macOS Monterey, and watchOS 8.
In addition, passionate forums like MacRumours, which focus their coverage on supporting and arguing Apple’s growth, discovered that by clicking on the memoji characters, an augmented reality mode with three trading card characters eligible to claim reveals itself.
Quick weekly news:
- KuCoin plugs into Web3 with a new decentralized wallet
- Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption
- Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets:’ Analyst
- DeFi crypto wallet aims to decentralize inheritance of crypto and NFTs
Other notable events include:
- The demand for Optimism airdrops is at an all-time high
- Binance Staking completes the first part of the Terra 2.0 airdrop
The demand for Optimism airdrops is at an all-time high
Layer-2 scaling solution for Ethereum Following the debut of its highly anticipated airdrop on Wednesday, optimism has been swamped by “all-time high demand.”
Users who rushed to get their tokens were met with unsuccessful or delayed transactions while the Optimism team worked behind the scenes to expand the network’s capacity.
According to Optimism Status, the main net’s performance deteriorated for about three and a half hours, and the team “provisioned extra capacity” to fix the problem. As a result, until the network strain lowers, archive node operation will be limited.
Optimism announced that it would use the lessons gained from the first airdrop to the second wave and publish an “extensive retrospective next week” describing what happened.
Binance Staking completes the first part of the Terra 2.0 airdrop
Binance said on Tuesday that the first step of airdropping additional Terra Luna (LUNA) tokens to holders of Terra Luna Classic (LUNC), TerraUSD (USTC), and AnchorUST tokens is complete (aUST).
The distribution was based on snapshots of token holders taken “pre-attack” and “post-attack” at LUNC block height 7,544,910 at 14:59:37 on May 7, 2022 UTC and block height 7,790,000 at 16:38:08 on Thursday, respectively. Users received fresh LUNA tokens based on the compensation method specified by Terra developers, according to Binance.
Users who staked their USTC before the attack using Binance Staking were eligible for the airdrop. Users’ USTC assets were reportedly staked on-chain, with aUST serving as the yield-bearing token. Unfortunately, Binance had just offered USTC staking a month before the Terra Luna Classic ecosystem imploded and terminated the program shortly after.
Here’s more!
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🔍 DYOR
The next-generation network that will connect all blockchains and the present Internet is here.
Toncoin is used for transaction fees, staking to secure the blockchain, regulating how the network grows, and paying payments.
Apart from processing millions of transactions per second, the TON blockchain ecosystem contains all the makings of a true Web3.0 Internet, complete with decentralized storage, an anonymous network, DNS, fast payments, and other decentralized services.
👉🏻 Recent announcements:
- Crypto Exchange Bit.com Establishes Toncoin Savings Product to Enhance TON Ecosystem
- New Integration Allows Telegram Users To Trade, Send Bitcoin (BTC) and Toncoin (TON)
🔍 DYOR:
We have prepared for you the top-performing coins as of Jun 2!
Waves has managed to become the best performing asset among the TOP-100, gaining 12.01% within the last 24 hours.
Synthetix was the worst-performing asset among the TOP-100, losing 13.21% within the last 24 hours.
Top Crypto Meme of the Week
We hope this digest was valuable and informative for you! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter or Telegram. Become a better trader with the Good Crypto App!
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June 2, 2022
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