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A few months after Multichain lost approximately $125 million in assets and ceased to exist, the remaining team members have announced the launch of a new project.
It was named ValueRouter, and its functionality entirely mirrors the previous application, as if nothing had changed.
This provoked skepticism and dissatisfaction within the cryptocurrency community.
ZachXBT, a famous blockchain detective, advised the team to take care of the lacking $125 million before taking on another questionable project. Galxe 2.0 – A Significant Update of the Platform for Web3 Quests
Galxe, a platform specializing in Web3 quests, has unveiled a major update called Galxe 2.0. This enhancement is designed to reimagine user experience within the decentralized space by introducing a number of features for both community members and developers.
The Wall Street Memes (WSM) meme token is slated for listing on OKX Exchange, happening today at 10:00 GMT. A similar event with PEPE saw the token's price soar with a 15x increase. But what exactly is Wall Street Memes? Originating from Reddit a few years back, this meme community has grown to nearly 800,000 members across different social media platforms, humorously dissecting crypto and financial news. Before rolling out the WSM token in May, they were renowned for their Wall Street Bulls NFT collection. Their token's presale has drawn to a close, amassing approximately $25 million with the token's cost fixed at $0.0337. Crypto Millionaires: How Many Are There in the World?
The digital community is always curious about the number of uber-rich crypto whales. Delving into others' financials is inherent to human nature. However, the issue with crypto millionaires is even more intriguing: they're often accused of having the power to manipulate the market, which can affect the portfolios of average investors.
Shibarium, the Layer 2 blockchain by Shiba Inu's creators, is back in action. After a temporary shutdown due to scalability issues, the team has reopened withdrawals on its bridge to Ethereum. The pause initially locked millions in user funds and caused community unrest.
Now, the mainnet and bridge are fully functional, allowing withdrawals of various assets like SHIB, LEASH, and WETH within 45 minutes to 3 hours. BONE token withdrawals are also back but may take up to 7 days.
Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests.
The company's leader detailed such strategic interests:
“We might do it in order to provide creditors the best execution price and mitigate a risk of a huge aggressive selling pressure that could send the market back to 2020’s capitalization”, says Andrei Grachev.
Community thinks DWF Labs donʼt have the facilities for such a big man.
Former Vice President of Tinder Jeff Morris believes that cryptocurrency developers' desire for 1 billion users is misguided, as a passionate and small community can be more valuable.
Morris also believes that cryptocurrency apps should be made more accessible to regular users to lower the threshold of entry into the industry and create an enjoyable user experience.
Narendra Modi speaks in favor of an integrated approach to new technologies. As tech progress accelerates, he advises the global community to establish wide-reaching rules and a collective strategy.
"At the same time, the rules, regulations, and framework around it should not belong to one country or a group of countries. So not only crypto, but all emerging technologies need a global framework and regulations," highlighted India's Premier.
The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright.
Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm.
Grayscale Investments is gearing up for a potential positive outcome in its lawsuit with the SEC, as it begins hiring for its ETF team. The firm is on the lookout for a "Senior Associate, ETFs" to bolster its ETF business development.
This move comes as the crypto community eagerly awaits a court decision on Grayscale's proposal to convert its GBTC fund into a spot bitcoin ETF.
The outcome could set a precedent for other asset managers seeking approvals for spot bitcoin funds, influencing the future of crypto ETFs. 







