Hermez Network deposits 4.5 million MATIC into SwissBorg
According to Spot On Chain monitoring, Hermez Network canceled its pledge 2 hours ago and deposited 4.5 million MATIC (3.81 million USD) into SwissBorg due to concerns from the Polygon Foundation about token distribution transparency. Polygon acquired the open-source ZK Rollup for 250 million USD in 2021, and Hermez Network still holds at least 39.92 million MATIC (34 million USD).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lombard and Eigenlayer partner to bring Bitcoin restaking to Ethereum
Monero’s Price Surge Sparks Market Speculation
In Brief Monero's price surged dramatically earlier this week. Experts warn about the risks of sudden price movements in crypto. Suspicious transactions are under scrutiny in the cryptocurrency market.
Tether Secures $770 Million in Gold Reserves for XAUT Cryptocurrency
In Brief Tether has announced a $770 million gold reserve for XAUT cryptocurrency. Each XAUT token is directly backed by physical gold stored in Switzerland. The company aims to enhance transparency with regular audits and improved disclosure policies.
Market Insights: FLOKI and Solana Shine Brightly in Current Crypto Trends
In Brief Inmortal predicts FLOKI is on a long-term rise with impressive gains. Solana's upcoming weeks will reveal significant market trends. Current performance shows SOL outpacing ETH in recent movements.
Trending news
MoreCrypto prices
More
