Pepe (PEPE) price has shown some bullish momentum despite the recent slowdown. After almost a week of testing a crucial support level, PEPE has resumed consolidation with a promising trajectory. This could bode well for the meme coin if buyer momentum sustains or a proper catalyst presents. In the meantime, however, the pace seems steady as crypto markets take a breather. Nevertheless, the likes of Cardano will stop at nothing to steer ADA.

Crypto lender Vauld’s creditors to receive payback soon, firm owes over $400 million

Vauld, a Singapore-based crypto lender and exchange, is in preparation to pay back INR balances to creditors by August 2023. The exchange’s payback scheme was approved by 91.85% of creditors and the platform is likely to start paying creditors back soon.

 

Ethereum Layer 2 Optimism beats MATIC to the curb, sees massive spike in active addresses

The competition among Ethereum Layer 2 scaling solutions has intensified after the US Securities and Exchange Commission’s (SEC) crackdown. Polygon network’s MATIC was the largest Layer 2 scaling solution before the SEC labeled the token as a “security.”