A Smart Money wallet deposited 2,500 ETH on Binance. Backpack Exchange will launch Matr1x (MAX) spot trading. Dogecoin Core will receive a major security update! And much more…
News from Dogecoin and these 4 altcoins!
A Smart Coin deposits 2,500 ETH on Binance
A Smart Money wallet recently deposited 2,500 ETH (about $7.27 million) on Binance, on-chain observer Lookonchain reported. Lookonchain said that Smart Money is very good at buying ETH at a low price and selling it at a high price. Currently, Smart Money still holds 543.5 ETH (about $1.58 million). It also made a total profit of $7.8 million from ETH.
Uniswap community launches critical proposal!
According to the Snapshot governance page, the Uniswap community has launched a temperature control proposal vote on “Deploying Uniswap v3 on X Layer”. X Layer is an Ethereum-based zkEVM Layer 2 network. The project was initiated by OKX, and also supported by Polygon CDK.
Backpack Exchange to launch Matr1x (MAX) spot trading
As you have been following on Kriptokoin.com, the market has suffered heavy losses under selling pressure. However, market players are moving on. According to the official announcement, cryptocurrency trading platform Backpack Exchange announced that it will launch Matr1x (MAX) spot trading on August 5.
Ethereum ETF outflows reach $170 million in one week
Spot Ethereum ETFs started the week on a negative note, recording outflows of $98.3 million. Grayscale’s ETHE led the way with outflows of $210 million. In contrast, BlackRock, Fidelity and Bitwise reversed the trend with inflows of $58.2 million, $24.8 million and $10.4 million, respectively. Thus, the overall mood on Monday set a bearish tone for the week.
On the second trading day, there was a rare positive turn for Ethereum ETFs. This resulted in inflows of $33.7 million in ETFs. This was only the second instance of positive inflows since the ETFs were launched. BlackRock led the way with a significant inflow of $118 million, followed by Fidelity with $16.4 million. However, Grayscale’s ETHE continued to suffer, recording outflows of $120.3 million. This mixed picture signaled cautious optimism in the market.
Dogecoin Core will receive a major security update!
According to the protocol’s Junior developer at X, Dogecoin Core 1.14.8 successfully passed the test “can multiple developers reliably reproduce the exact output from the build process”. This suggests an imminent release. It is noteworthy that this Core client performs various functions such as network joining, verification and transfer.
It is also possible to keep keys for users in case of a transaction. The young developer used an analogy to emphasize the need for the Core client and its reproducibility. He pointed out that without an audit for every line of code used to compile the Core client, one would have to trust someone. At the same time, that same person could decide to sneak a vulnerability into the software. In this context, he underlined the lack of this decision.
Ripple will compete with its rivals in the stablecoin space!
Ripple is making a move to compete by launching a stablecoin pegged to the US dollar. The stablecoin, which has an extensive cross-border payment network, will enhance its commercial activities. It is likely to leverage Ripple’s existing successful network, including its popular Layer-1 protocol, XRP Ledger. With the Ripple stablecoin, the blockchain payment firm will compete directly with two of the biggest names in the stablecoin industry. These competitors are Tether and Circle. In particular, RLUSD will need to push for a share of the market that Tether (USDT) and USD Coin (USDC) already occupy.
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