The Shiba Inu official liquid staking partner K9 Finance confirms plans to launch its highly anticipated liquid staking derivative (LSD) platform this month. Per a recent X post, the team behind K9 Finance declared its readiness to launch the staking platform in September.
Snek.Fun pulls user attention in its first few hours of debut, with the Cardano-based protocol struggling to keep up with increased demand. The Cardano network could be the next chain where the meme frenzy sojourns after the debut of a memecoin launchpad. Snek.Fun, a memecoin creator, went live on the network late Thursday and was met with enthusiasm and criticism alike. Snek.Fun is a project affiliated with Snek, the most popular memecoin on the Cardano ecosystem. The deflationary memecoin took the Cardano ecosystem by storm after its April 2023 debut and has made notable contributions to the blockchain.
A whale address moves a substantial amount of XRP today, coinciding with a 2% drop in prices amid the ongoing market uncertainty. XRP, the XRP Ledger’s native token, tanked 2% as a whale moved 105 million tokens today. On-chain data shows that the transaction, which moved $58 million worth of XRP at 9:05 UTC represents the largest transfer unrelated to Ripple, in over a week. Per the data, the sending address rsuRD…BWhA made two notable transactions this morning. The unidentified whale initially moved 2.5 million XRP ($1.3 million) to address rDrt…yS5W. The 2.5 million XRP was probably channeled to exchanges, as the receiving wallet seemed to be a selling wallet.
Charles Hoskinson disclosed this in response to emerging concerns within the Cardano community following the Chang hard fork. The Cardano blockchain recently underwent a significant change with the implementation of the Chang hard fork on Sept. 1, 2024, bringing the network into the Voltaire era. This shift introduced new on-chain governance mechanisms, allowing users to participate in decision-making through delegated representatives (DReps) and other options. However, the change also triggered concerns within the community about whether ADA holders would need to participate in governance to continue receiving staking rewards. To address these concerns, Cardano’s founder, Charles Hoskinson, has confirmed that users who do not wish to engage in governance activities will not lose their staking rewards.
"Ripple vs. SEC: New Legal Twist Points to Potential Appeal"
The Ripple legal team files a new motion with respect to the SEC lawsuit, requesting a stay on the monetary portion of Judge Analisa Torres’ August 7 ruling.
"Swiss Bank Opens Doors to Bitcoin and Ethereum Trading"
Switzerland’s fourth-largest bank, Zürcher Kantonalbank (ZKB), expands its offerings by introducing trading and custody services for Bitcoin and Ethereum.
Vitalik Buterin unlocks 1.268 million STRK tokens worth $470,000. Ethereum founder Vitalik Buterin recently unlocked 1.268 million STRK tokens. The unlocked tokens are worth $470,000. This transaction occurred at 13:15 UTC+8, marking a substantial increase in Buterin’s holdings of STRK tokens. Following this event, Buterin’s total STRK holdings have crossed 2 million holdings, worth an estimated $781,000. This makes STRK the most valuable asset in his portfolio outside of Ethereum, reflecting his early involvement in the Starknet project as an investor.
Ripple has announced strategic partnerships in South Korea as it looks to bolster blockchain adoption in the Asia-Pacific region. One of the partnerships is with South Korea-based AI and Metaverse firm Futureverse. Ripple confirmed it would provide self-custody services for Futureverse, ensuring that customers’ assets are safely received and stored, hence securing and protecting users’ cryptocurrencies. The Ripple Custody is a transitory storage for digital assets, as Futureverse will mint them on its Otto blockchain. Futureverse intends to provide users with safe, know-your-customer (KYC)-verified access to decentralized finance (DeFi) services.
Pro-XRP lawyer John Deaton emerges as the winner of the Massachusetts Republican primary election for the U.S. Senate.
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