It's been a busy week in the cryptocurrency market. So, which developments should followers follow closely next week?
This Week's Developments
- The Ethereum Shanghai Upgrade has been launched, enabling staked ETH withdrawals. While Kraken has a significant stake as it shuts down staking after reaching an agreement with the SEC, large-scale full exits have been minimal.
- The total locked value (TVL) of ZkSync Era exceeded $100 million as network activity surged due to airdrop rumors and mainnet launch.
- The total locked value (TVL) of RDNT reached an all-time high of $200 million after BSC launch.
- STG transactions surged due to rumors of a potential airdrop and Layerzero's recent fundraising.
- Maple Finance is preparing to launch the US Treasury Pool, which will allow international customers to access US Treasury bonds on-chain.
- FTX is expected to resume operations in Q2 and the price of FTT rose as a result.
- FTX Creditors have decided to move Ren Protocol's assets to FTX cold wallets.
- The first phase of the EigenLayer Testnet built on the Ethereum Goerli network has been launched.
- Magic Eden launched on Ethereum and introduced the Bitcoin Launchpad.
- Solana NFT mint costs are now lower thanks to the new State Compression technology.
- Solana meme token Bonk Inu launches BonkSwap DEX.
- Avalanche introduced Evergreen Subnets and launched Cortina upgrade on testnet.
- Binance USA delisted TRX amid regulatory pressure.
- zkSync developers came up with a solution to save $2 million stuck in Gemholic's smart contract.
- Euler Finance repayments came to life.
Important Future Developments in Altcoins
- Solana Lab's crypto smartphone Saga will be available on May 8.
- Rocket Pool's Atlas Update is due April 18 and will include improved protocol efficiency, higher node operator rewards, and increased rETH capacity.
- veYFI is expected to be launched soon and will offer protocol revenue sharing with stakers, automated vaults and advanced management system.
- GMX V2 will support the trading of synthetic assets with a renewed fee structure.
- LooksRare V2 migration will take place on April 13, presenting trading rewards changes and new public API endpoints.
- Binance will support staked ETH withdrawals from April 19.
- crvUSD is expected to be launched soon.
*Not investment advice.