Biggest Movers: MATIC Drops by 10%, ATOM Hits 2-Week Low
Polygon fell by over 10% on Feb. 13, as a red wave swept through cryptocurrency markets during Monday’s session. Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD. Cosmos also traded lower to start the week, hitting a 14-day low.
SushiSwap Acquires Cosmos-Based Trading Platform Vortex Protocol
SushiSwap is making good on its January promises to launch a derivatives trading platform. But instead of building it from scratch, it’s gone out and bought one.The popular Ethereum-based decentralized exchange (DEX) announced the acquisition of Vortex Protocol today for an undisclosed amount.
Cosmos: Simplifying The Tech Behind The Internet Of Blockchains
Cosmos has been at the front end of innovating cross-chain interoperability infrastructure.
Modular Blockchain Dymension Raises $6.7 Million in Private Token Round
Dymension, a modular blockchain that leverages Cosmos's and Celestia's technologies, raised $6.7 million in a seed funding round.Big Brain Holdings and Stratos led the round, with Matchbox DAO, Shalom Meckenzie of DraftKings and others participating, Dymension said Thursday. The funding was secured via a simple agreement for future tokens (SAFT).
Validators Shut Down as Secret Network Struggles with Leadership
SmartStake, a major validator in the Cosmos ecosystem, has announced that it will shut down its nodes following revelations around the Secret Foundation’s founder, Tor Bair, personally taking profits. The validator cited “complex/stressful validator operations… cost/effort of validator ops… recent events” as the reasons for shutting down its service. Smartstake further stated: “Please note that the shutdown will be graceful and there will be no slashing for any of the delegates.” NotionalDAO, another Cosmos validator, has echoed SmartStake’s statement with CEO, Jacob Gadikian, confirming that “NotionalDAO will not be bringing up its node again, in solidarity with SmartStake.” (cryptoslate)
Dedicated World Mobile Chain Will Bridge Cardano, Cosmos Ecosystems
World Mobile Token announced deepening its collaborative relationship with Input Output (IO) to develop a dedicated permissioned Cardano sidechain.
Allnodes Responds to Terra Classic Concerns, Launches Non-Custodial Node Management
Allnodes has announced a non-custodial node management service directly available for all Cosmos chains.
Dedicated World Mobile Chain will bridge Cardano, Cosmos ecosystems
World Mobile is developing a dedicated Cardano sidechain as it strives to bring internet to the unconnected.
Cosmos’ Market Cap Surpasses Billions but ATOM’s Pullback Could Be Imminent
The self-acclaimed internet of blockchains, Cosmos [ATOM] has reclaimed the $3.5 billion market capitalization after its token displayed a 40% increase in the last 30 days.
Sei Network, With $70M in Ecosystem Funding, Looks East
After securing a total of $70 million in ecosystem funding in just eight months since its inception, Cosmos based DeFi Layer 1 blockchain — Sei — is looking to expand into Asia in the year ahead.
Y Combinator Leads $4.3 Million Round for Multichain Wallet Cypher
Multichain web3 wallet Cypher announced a $4.3 million seed round, led by startup accelerator Y Combinator.
Cosmos DEX Osmosis to Make Cross-Chain Trades More Efficient With Neon Upgrade
Decentralized exchange (DEX) Osmosis will conduct its v14.0.0 upgrade, termed “Neon,” in line with a broader plan to expand product integrations and make cross-chain trading more lucrative for traders, developers said Wednesday.
What Is Layer 0 in Blockchain?
As a foundational layer to blockchain networks and applications, Layer 0 protocols are among many solutions aiming to fix the challenges the industry faces, such as scalability and interoperability.
Biggest Movers: ATOM Hits 2-Month High, as XRP Extends Recent Gains
Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing.
Keystone Partners With Keplr & Enhance User Security
Keystone published an official blog post to announce its integration with Kelpr, a wallet software in the Cosmos ecosystem. The integration is essential to achieve the objective of providing an added layer of security to the users in the ecosystem. Moreover, the collaboration will provide convenience to the users.
E-Money Unfurls EEUR Owing To Bear Market Conditions
e-Money happens to be a Cosmos-based electronic payment system. After much deliberation, the entity has finally decided to pull back its euro-backed stablecoin EEUR. According to reliable sources in their camp, this much-thought-out step has been taken considering the present crypto bear market situation. In a statement issued, it mentioned that despite everything, it will still be doing justice to the EEUR stablecoin redemptions up until the 6th of march, 2023.
Cosmos EUR Stablecoin Project To Unwind After 2 Years
According to a post on January 9, e-Money — a stablecoin project in the Cosmos ecosystem — said it would discontinue the issuance of its euro stablecoin EURR effective March 6, 2023. In explaining the decision, e-Money wrote:
Evmos Adds Auto-Conversion for Swaps Between Ethereum and Cosmos Tokens
The latest upgrade for the Evmos blockchain has introduced automated conversions for token swaps in and out of its ecosystem.
Biggest Movers: SOL Surges 8%, as ATOM Nears 1-Month High
Solana was up by almost 8% on Tuesday, as the token rose for a fifth consecutive session. Recent moves have come despite the Christmas and New Year period, where market volumes were somewhat muted. Cosmos was also in the green, as prices rose to a multi-week high.
Cosmos (ATOM) Maintaining Its Ethereum-Killer Status with Bullish Growth Trends
Cosmos (ATOM) came off as one of the few digital currencies whose growing ecosystem has helped it maintain a good level of resilience in the face of massive sell-offs.
