After a week in which Bitcoin rose above $27,000 again after the US debt crisis was largely overcome in the crypto money market, investors are wondering about the next week's altcoin developments.
Here are this week's important developments and expected altcoin events next week.
Previous Week's Developments
- A pernicious proposal took over TORN, draining $1 million in management funds. The attacker then submitted another proposal to fix the management issue, which was accepted.
- A recent billing report by FTX's CEO hinted that a potential "FTX 2.0" reboot is on the way.
- Pulse Chain's TVL quickly went up to $485 million after launching its mainnet, placing just behind Avalanche.
- Blend now supports NFT loans that can collateralize a total of 11 NFTs for Pudgy Penguis, Redacted Remilio Babies, Kanpai Pandas, Otherdeeds and Bored Ape Kennel Club.
- Lybra Finance has announced V2 plans, including expanding supported LSD collateral and taking the first cross-chain step with Arbitrum.
- Swell, an Ethereum liquid staking protocol, went live and launched Swell Voyage to launch its DAO.
- 0x has released the improved Matcha DEX aggregator Matcha Auto, which offers faster trading.
- Announced TOKE V2, introducing liquidity management pools and improving return optimization across supported assets and DEXs.
- Brevis, a zkRollup data validation platform, is launched.
- Yearn vaults in OP are preparing to receive 25k OP support for 40 weeks.
- Shiba Inu's Puppynet testnet reached more than 10 million transactions last week.
- STEPN, a Web3 Move-to-Earn App, has integrated Apple Pay for in-game purchases.
- Mangrove DEX has launched on the Polygon testnet and is scheduled to go live on the mainnet in June.
- Gearbox Protocol has released V2.1 which improves protocol security.
- KAVA's 13th mainnet is now live.
- GMD announced the launch of the Launchpad service.
- Kujira has launched PILOT, a new launchpad that aims to provide a fair solution for both the team and the investors.
- NFTrade, an NFT marketplace, has integrated with Rarimo to facilitate cross-chain NFT purchases across Ethereum, Polygon, BNB Chain and Avalanche.
- Opside, an EVM-compliant ZK-rollup, has launched its incentive-powered pre-alpha testnet.
Next Week's Major Altcoin Developments
- The Hong Kong Securities Regulator will accept applications for cryptocurrency exchange licenses from June 1.
- The OP is set to unlock 3.6% of its total supply, or $247.4 million, on May 30.
- Arbitrum Odyssey 2.0 will go live soon and will begin reviewing 12 projects over 12 weeks.
- Coinbase-backed layer 2 Blockchain Base is targeting mainnet launch following the successful Optimism Bedrock upgrade scheduled for early June.
- Pepey NFT, an NFT by Perpy Finance, will launch on May 31. NFT holders will benefit from fee reductions when trading on Perpy Finance.
- Penpie's full launch on Camelot DEX and PNP IDO will begin in early June.
- Yearn is considering launching a new Y-token.
- Inverse Finance is expected to increase DOLA's usefulness for INV, which will reduce borrowing costs.
- BNB Chain is expected to go through the Luban Upgrade around June 11, which will prevent block reversals and improve blockchain security.
- Gods Unchained is working on the mobile version of its games after the success of Axie Infinity on Android and Apple devices.
- HBAR is preparing to open 2.5% of the total supply, or $65 million, on June 1.
*Not investment advice.
