Last week’s Hot Altcoin events

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Last week's Hot Altcoin events
Last week’s Hot Altcoin events

Last week’s Hot Altcoin events top news

BTC is trading above $21,000, ETH is trading at $1,450. The market cap has exceeded $1 trillion.

Celsius has paid off all of its debt taken on decentralized finance applications.

Celsius has also started the process of filing for Chapter 11 bankruptcy protection.

Binance has completed the 20th quarterly BNB token burn of ~1.96 million BNB worth $444.6 million.

OKX has been granted a provisional virtual assets license by the Dubai World Trade Centre Authority under the Dubai Virtual Assets Regulators Authority.

Multicoin Capital announced its third $430 million venture fund.

Multicoin plans to use the fund for investments in projects that are “poised to reshape massive consumer-facing markets”.

Lightspeed raises over $7 billion to fund early and growth-stage entrepreneurs around the globe.

Samsung Electronics announced the launch of Samsung Space Tycoon (“Space Tycoon”), a virtual playground built inside the global metaverse platform Roblox.

Polygon Studios CEO Ryan Wyatt said that more than 48 projects previously on the Terra network have begun migrating to Polygon.

South Korea’s SK Telecom to build its first Web3 wallet.

PicPay, a Brazil-based digital payments app, plans to launch a crypto exchange and a Brazilian real-tied stablecoin in 2022.

BNB Chain launches DappBay, a dApp hub on the BNB Chain ecosystem.

DappBay features a contract risk scanning tool, Red Alarm, which identifies potential high risk projects to help users protect their investments from potential risks.

Magic Eden launches venture unit to invest in web3 gaming startups.

Stepn earned $122.5 million in platform fees during Q2. Five percent of those earnings will go towards buying back and burning its in-game token GMT.

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