The crypto space saw some interesting developments today. Currently, Bitcoin is down 1.7% and is trading at $36,633. Meanwhile, the world’s number two cryptocurrency, Ethereum, is down 5.2% over the last 24 hours and is trading at $2,464.
Now let’s take a look at some of the top crypto news stories for the day.
Popular proof-of-stake (PoS) blockchain Solana has completed the fourth-largest fundraising event in the crypto space. The blockchain recently raised approximately $314 million in a private token sale. The funding round was led by Andreessen Horowitz and Polychain Capital. Other participants in the fundraising event were Alameda Research, CMS Holdings, Blockchange Ventures, etc. Moreover, participants all earned Solana native tokens (SOL) for their investments. Additionally, the platform notes that participant investments will be locked for a period of time.
π hundred million dollarshttps://t.co/jgcmPN6542
— RAJ G◎KAL (@RajGokal) June 9, 2021
Kusama Network, a canary network of Polkadot, is currently carrying out its crowdloan auction. Currently, interested projects are bidding to earn a slot as a Kusama parachain. Acala’s Karura Network is currently leading the entire crowdloan auction. It is also important to note that there are only four active crowdloans, which have collectively attracted $140 million. Interestingly, Acala’s Karura network alone has pulled $100 million in contributions out of the total $140 million.
The demand for @kusamanetwork parachain auctions is unsurprisingly very real.
The four active Crowdloans have attracted almost $140M worth of KSM in just over a day.
— Wilson Withiam (@WilsonWithiam) June 10, 2021
The decentralized and self-optimized blockchain platform, KardiaChain, has strategically partnered with Knit Finance. The partnership will make it possible for the integration of KardiaChain’s native token (KAI) on the Knit Finance ecosystem. Furthermore, the protocol will facilitate the issuance of wrapped K-KAI tokens for seamless cross-chain transactions.
Speaking on the partnership, the CEO of Knit Finance, Sainath Gupta, disclosed, “The synergy of Knit Finance and KardiaChain will prove beneficial to both parties as they build new and innovative avenues in their ecosystems.”
— Knit Finance (@KnitFinance) June 9, 2021
DAFI Super Staking is set to go live on Binance Smart Chain (BSC) soon. Accordingly, the launch of the Super Staking will facilitate faster and cost-effective transactions for DAFI users. Hence, the super staking will also completely revamp “[…] every Staking model, incentivizing users through actual network growth.”
We’re excited to announce that Super Staking will be coming to BSC! 🚀
We’ve listened to the community, and we will enable low-fees for $DAFI users via Binance Smart Chain.
Super Staking will reinvent every Staking model, incentivizing users through actual network growth. ⚡️ pic.twitter.com/E8JdpBRi7Q
— DAFI Protocol (@DafiProtocol) June 9, 2021
Deeper Network has announced details of a strategic partnership with Cointelegraph. Accordingly, the partnership is aimed at exploring the Polkadot ecosystem. Attention in recent times has been drawn to the Polkadot ecosystem with many schools of thought referring to it as the “Ethereum Killer.”
Polkadot has been touted as having the potential to support as well as facilitate the revolutionizing of the crypto and blockchain space.
— Deeper Network (@deeper_network) June 10, 2021
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