After a week in which volatility increased with the statements of FED Chairman Jerome Powell in the crypto money markets, investors are wondering about the altcoin developments that should be followed next week.
Last Week's Developments
- Lido V2 is now available and allows STETH withdrawals. A total of 450K ETH has been withdrawn, representing 95% of them as Celsius exited all positions.
- The official UI of crvUSD is now available. Initially, it only supports sfrxETH collateral and fees provided by crvUSD will be charged to andCRV holders.
- ben.eth has raised nearly $7 million for the PSYOP token pre-sale in just four days after leaving the previous BEN project to Bitboy.
- PulseChain, an Ethereum fork, went live on the mainnet with the PulseChain Bridge.
- The GND Protocol has introduced an OTC engine and a buyback mechanism for xGND to facilitate swaps between xGND and GND. They also introduced Cash-Back Machine to encourage the locking of GND to xGND.
- Following the distribution of DRC-20 tokens, DOGE recorded an all-time high of 645k in daily transactions.
- UnshETH, a DeFi protocol built on liquid staking derivatives, is live on Arbitrum.
- Aevo, a DEX by Ribbon Finance, has launched an OTC feature that allows altcoin options trading.
- Uniswap is getting ready to start operations on Moonbeam after a successful management vote.
- Blur offered borrowing based on BAYC and MAYC NFTs in Blend.
- By integrating Wormhole, NEAR will enable cross-chain transfers with ZK proof.
- Stargate Finance has integrated Plexus to enable fast transfers and increase cross-chain liquidity.
- Bitcoin Cash has launched "CashTokens", a feature that allows dApps to be deployed directly on the chain.
- Atlendis Protocol V2 is now available on Polygon, offering enhanced pool compatibility for lenders.
- MantaDAO, a decentralized order book exchange, is preparing to launch on Kujira.
- Coinbase will launch a zero transaction fee subscription service in 35 countries.
- New York and Singapore regulators will test and verify interoperability with the CBDC.
- Visa is experimenting with account abstraction on the Goerli testnet.
- Stablecoin issuers Tether and Circle have spent $1.3 million lobbying Congress since 2022.
Next Week's Altcoin Developments
- The OP Bedrock mainnet upgrade is scheduled for June 6th. This upgrade promises enhanced security, reduced transaction fees, and an improved technology stack for developers.
- MetaMask is expected to support direct staked ETH withdrawals on both Lido and RocketPool.
- Gains Network will revamp its fee structure on May 25, removing funding fees, introducing borrowing fees, and lowering renewal fees.
- Blur is expected to roll out the partial refund feature for Blend next week.
- GMX V2 is on the horizon, it will introduce synthetic assets.
- SushiSwap V3 is getting ready to launch on Findora, a privacy-centric Layer-1 network.
- Swell Network, a liquid staking protocol, is said to distribute tokens to early stakers on May 24.
- Arbitrum Odyssey 2.0, an incentivized event program featuring 12 projects, is launching soon.
- Matcha, a DEX aggregator, is preparing to release an updated version of its dApp, promising improved swap prices and a cleaner user interface.
- From May 22, 2023, Binance will no longer allow UK customers to deposit and withdraw British Pounds (GBP) using a bank transfer or card.
*Not investment advice.
