Dexalot Launches DEX on Arbitrum, Expands Beyond Avalanche

The crypto world is buzzing with the latest developments: Dexalot debuts its DEX on Arbitrum; Jupiter conducts a re-airdrop for 1,000+ compromised addresses; Robinhood opens SHIB, AVAX, and COMP trading for New Yorkers; Runes meme coin DOG is airdropped to Runestone holders; Yala collaborates with Stacks to enhance Bitcoin scalability; HBAR's initial surge from a misinterpretation of BlackRock's announcement is met with a 25% crash; and the BNB Foundation completes its 27th quarterly burn, eliminating $1.17 billion worth of BNB Coins.

DEXalot Launches DEX on Arbitrum

Dexalot, a decentralized trading platform, has announced the launch of its centralized limit order book DEX on Arbitrum. This move marks the first step for Dexalot's expansion beyond the Avalanche ecosystem. Dexalot operates its current CLOB trading platform on an application-specific chain launched in February 2023. Dexalot's decision to expand its trading infrastructure to Arbitrum will bring a powerful set of features to Ethereum L2 users.

Jupiter Re-Airdrops to Over 1,000 Addresses

Jupiter has responded to the concerns of community members whose wallets were hacked and missed the airdrop. The project team manually reviewed more than 10,000 applications and subsequently re-airdropped tokens to over 1,000 addresses. The team had received reports that some community members' wallets had been compromised, preventing them from participating in the initial airdrop. Over the past few months, Jupiter has reallocated 4 million JUP to the legitimate owners of the hacked addresses. This means that 1,000 new Catdet were able to pledge their JUP and vote for the DAO offerings. The team has emphasized that due to the extensive nature of the audit, this process will not be repeated.

Robinhood Lists SHIB, AVAX, and COMP

Robinhood, a popular stock and cryptocurrency trading platform, has announced that Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) are now available for trading to New York State residents. This move expands the range of cryptocurrencies offered by Robinhood, providing users with greater access to digital assets.

Runes Meme Coin Airdropped to Runestone Holders

Leonidas, an Ordinals developer, has announced an airdrop of 100 billion Runes meme coin DOG to Runestone holders. The airdrop rewards users who have supported the Ordinals project, a technology that allows NFTs to be inscribed onto the Bitcoin blockchain.

Yala and Stacks Collaborate

Yala, a Bitcoin liquidity and native stablecoin DeFi project, has entered into a strategic partnership with Stacks, a leading Bitcoin second layer solution. This partnership aims to significantly improve Bitcoin scalability and expand DeFi functionality, ultimately increasing the liquidity of the Bitcoin ecosystem.

HBAR Soars and Crashes

Hedera experienced a significant surge in the value of its HBAR token, initially doubling in value due to a misinterpretation of an announcement by BlackRock regarding the tokenization of its fund. However, upon clarification, the token value fell by 25%. Hedera had announced that BlackRock's ICS US Treasury money market fund would be tokenized on the Hedera Blockchain with Archax. This led to speculation that the world's largest asset manager was involved in the tokenization, which boosted the value of HBAR. However, when the market realized that this was not the case, the token value declined.

BNB Foundation Completes 27th Quarterly Burn for BNB Coin

The BNB Foundation has successfully completed its 27th quarterly token burn. According to the official website, 1,944,452.51 BNB Coins worth approximately $1.17 billion have been removed from circulation. This move is part of an ongoing effort to reduce the total supply of BNB Coins used on the BNB Smart Chain (BSC), opBNB L2s, and the BNB Greenfield Blockchain. The BNB Foundation has pledged to reduce the supply of BNB Coin by half through token burning, with the ultimate goal of maintaining a circulation of only 100 million coins to stabilize and potentially increase its value. The foundation automatically performs these burns every quarter using a predefined Auto-Burn formula.