Today, many important announcements have been made to the new partnership of DJED, Cardano’s stablecoin from the GMX listing. In this article, let’s list the hottest developments of the week.
OKX has decided to list GMX (GMX)
OKX, one of the largest cryptocurrency exchanges in the market, shared its decision to list for GMX. GMX became one of the prominent DEX platforms, especially after FTX’s bankruptcy. According to the announcement, OKX has now activated GMX/USDT and GMX/USDC transactions. Withdrawals are also active as of today.
KuCoin reveals the reason for deauthorizing 48 billion LUNC
The crypto exchange recently announced that it had to reauthorize 48 billion LUNC shares due to the change of the node operator of its internal financial account, and assured users that it will re-transfer the tokens. The announcement came just days after the exchange abruptly handed over all of its LUNC tokens, triggering several concerns among investors, including bankruptcy concerns.
KuCoin has disclosed the information via an official Twitter account dedicated to providing updates on support-related queries. “Hi, KuCoin has revoked the authorization of 48 billion LUNC as it changed the pledge node operator of the internal financial account,” the user said in a tweet on Thursday. They also assured users that their funds are safe and that the tokens will be retransferred after the 14-day lockdown period.
Cardano announces new partner for NFT payments with stablecoin DJED
COTI, a blockchain payment platform and official publisher of Djed, Cardano’s algorithmic stablecoin, has signed a partnership with Yepple to facilitate NFT payments on Cardano using Djed. Yepple is a Florida-based firm that provides blockchain services, including dApp development and NFT payment gateways.
COTI announced Thursday that the latest partnership will help NFT creators hedge against ADA’s price volatility. This is because developers will get the option to get paid in Djed by listing their projects with the Djed price tag instead of ADA.
Seven new stakers appeared on the MATIC network
Polygon Network has recently seen an increase in the number of smart contract coins staked and locked. More than $110M in MATIC was staked by seven addresses almost simultaneously yesterday, Lookonchain reported. However, if we dig deeper into the shared on-chain data, it becomes clear that the seven addresses belong to the same wallet, either an extremely large individual investor or an institution that operates a substantial amount of MATIC.
Meanwhile, the funds came from seven wallets from three platforms: Amber, Coinbase, FalconX. Despite the increase in purchasing power in the market, MATIC does not outperform most other altcoins.
Similarly, Uniswap (UNI) recorded a large increase in the number of transactions over the same period, despite a 69% year-on-year decline. As of January 2021, the total number of transactions of Uniswap V1 was 2,030,512,219.84, while the number of users of V2 reached 700,648,927,217,363.
ShibaSwap (BONE), up over 40% in one week
BONE is rapidly gaining in value as it becomes the only utility token for use in the Shiba Inu (SHIB) ecosystem. Shibarium, the anticipated tier 2 upgrade of the Shiba Inu network and soon to be released, chooses BONE as its service token to use for its fees and other activities. This use case also resulted in a 40% increase in BONE price in a short time.
ApeCoin (APE) maintains top position in the metaverse market
ApeCoin (APE), the native token of the Bored Ape Yacht Club (BAYC) ecosystem, has lost its bullish bias after falling by 2.39% in the past 24 hours, according to data from Coinbase Exchange. APE performance continued to grow at 9.21% weekly, although it appears to be an overall trend for the broader ecosystem.
Currently trading at $4.00, ApeCoin stands out as one of the most ambitious metaverse tokens on the market. As the crypto winter dragged the token down from its ATH level of $39.4, community confidence gained from the proposed media schemes kept hopes relatively alive overall.
Chiliz (CHZ) up 10% after listing announcement
The CHZ price jumped 10% after South Korean cryptocurrency exchange Upbit announced it had listed seven new fan tokens and supported Chiliz. Trading at $0.1049, CHZ reached $0.1153 hours after Upbit’s announcement. Currently, most of this gain is trading at the $0.10 it has returned.
Shiba Inu (SHIB) listed on a new exchange
cryptocoin.com As you follow, TeraExchange announced today that it has listed the Shiba Inu (SHIB). Trading will start on the USDT pair from January 7th. The listing move means TeraExchange will be more interested in meme coins.