With the cryptocurrency market proving to be very volatile at the moment, the industry is experiencing some major events. According to Layergg, here are the most important cryptocurrency events that happened in the last 24 hours.
Meta Memecoin reaches saturation
According to key opinion leaders (KOLs) in the cryptocurrency space, the “Memecoin meta” is reaching saturation. This suggests that the hype surrounding memecoins may be losing steam, and investors should exercise caution when considering investments in this sector.
EOS proposes new token economics
BigBeardSamurai, CEO of EOS, proposed a new model of the token economy that would burn up 80% of the total supply. This radical change in the economic structure of the coin could have significant implications for the value and rarity of EOS tokens.
Staking and storage features have been launched
Several projects have recently announced stacking and vaulting features:
Forta ($FORT) launched $FORT Stacking Vault. Galxe ($GAL) has announced a staking feature, with rewards for subscribers in $ARB, $MERL, and $ZK tokens. TreasureDAO ($MAGIC) has launched the Ruby testnet V1 and plans to add a dual stake of MAGIC and ETH in the future.
Protocol and game updates
Multiple protocols and games have announced updates and partnerships:
Maverick Protocol ($MAV) has teased the upcoming release of Maverick V2. Pixels ($PIXEL) announced that the Chapter 2 update is approximately 90% complete and will be rolled out in 2-4 weeks. Puffverse ($RON) plans to launch PuffGo on Ronin, with migration details to be announced on April 29. xSociety ($SUI) has partnered with Sui Network to launch a game on Sui before the end of the year.
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Voting on the Stargate V2 proposal is underway
Stargate ($STG) has begun voting on the Stargate V2 proposal, which will remain open until April 28. The outcome of this vote could have major implications for the future development and direction of the Stargate platform.
Mainnet launches and upgrades
Two projects announced mainnet launches and upgrades:
TRIAS announced that the first phase of its mainnet will be launched in late April. Viction ($VIC) announced World Wide Chain, a new framework designed to enable the Viction app chain economy.
A US regulator seeks to impose a penalty on Do Kwon and Terraform Labs
In a significant regulatory action, a US regulator is seeking to impose a $5 billion penalty on Do Kwon and Terraform Labs, the entities behind the collapsed tokens $LUNA, $LUNC and $USTC. This action highlights the increasing scrutiny and enforcement measures being taken by regulators in the cryptocurrency space.
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