Hedera To Be Listed on Coinbase; Elrond Now Available to Millions of Users via Revolut; 50,000 ETH Bought at the Dip

In a recent announcement, top cryptocurrency exchange Coinbase has added Hedera (HBAR) to its roadmap. Assets that Coinbase has affirmatively decided to list are added to the “Roadmap” section. This remains positive news for Hedera, as listing on Coinbase would increase its exposure.

In the earlier part of the week, The Web3 security and auditing company OpenZeppelin announced plans to connect the Hedera network to its OpenZeppelin Defender and OpenZeppelin Contracts services.

The integrated solution will first be used by ANZ Bank, the second-largest bank in Australia by market capitalization, to launch A$DC, a stablecoin backed by the Australian dollar. The project offers ANZ the option to test its A$DC on the Hedera network more thoroughly.

Early in 2022, ANZ Bank released A$DC for the first time, making it the country’s first financial institution to do so on the Ethereum network. ANZ Bank plans to extend the use of A$DC, including on the Hedera network. Hedera’s use for DeFi applications will be strengthened with the inclusion of OpenZeppelin, and more businesses will be able to create Solidity-based smart contracts on the network.

Elrond Now Available to Millions of Users via Revolut

Revolut has now added Elrond’s EGLD token to its list of supported cryptocurrencies, enabling EGLD trading on the well-known fintech app. Revolut’s listing of EGLD hopes to bring a wider audience to the frictionless payments at the center of Elrond’s concept.

The $33 billion mobile banking firm, which has 20 million customers globally, intends to enhance financial inclusion by enabling its users in the EU and UK to purchase, hold, and trade cryptocurrencies with the same simplicity as other digital assets, like EGLD, as of late.

More than 20 countries (including European Economic Area, USA, UK, Switzerland, etc)) are currently served by Revolut, with plans to expand into new markets ongoing.

50,000 ETH Bought at the Dip

The Ethereum price is currently trading down at $1543. While the bulls seem to be facing a hurdle at $1720 presently, large holders are using the opportunity to accumulate at the dip. The blockchain data tracker, WhaleAlert, indicates a lump sum of ETH moved into wallets in recent hours as the ETH price dipped 7%.

According to Whale Alert, 50,000 ETH worth $83,753,321 was transferred from the crypto.com exchange to an unknown wallet three hours ago.

The markets tumbled as investors digested what higher-for-longer rates might mean for this year — and next, as indicated by the Fed’s chair Powell’s speech in Jackson Hole.

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