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.
