The SEC's scrutiny of Binance and Coinbase has created many stumbles for several coins in the crypto world. Yet, despite the latest crackdown, cryptos like Cosmos Hub (ATOM) And XRP (XRP) continue to cause significant market stirs with recent ecosystem developments.

However, they are not alone, as Uwerx has defied the market's challenges and achieved impressive success, giving investors more returns on investment. Let’s explore the recent developments in the three crypto projects.


Cosmos Hub (ATOM) Integrates Solana's Sea Level Virtual Machine (SVM)


With the recent crackdown on several crypto tokens by the SEC, crypto enthusiasts worldwide have questioned the motives behind the SEC’s actions. Cosmos Hub (ATOM) took a hit in the case against Binance and CoinBase, as the SEC labeled it a security.

With this hovering regulation, the value of Cosmos Hub (ATOM) has decreased by over 2% in the last seven days. However, the current market state hasn’t halted Cosmos Hub (ATOM) ecosystem developments.

In an exciting development, Solana (SOL) Web3 apps may soon be compatible with the Cosmos ecosystem, resulting in an influx of new users and expanding the range of applications available on Cosmos blockchains.

In March, Cosmos-based Injective (INJ) announced the launch of a Layer-2 testnet that incorporates Solana's Sea Level Virtual Machine (SVM). As a result, some Solana (SOL) developers now have the opportunity to test their applications within the Cosmos ecosystem without altering their programming language or tools.


Uwerx (WERX) Keeps Reaching Presale Milestones


Freelancing has spread like wildfire. Velocity Global reported that one in every four full-time employees also freelanced. Uwerx, with its use case in the gig economy, aims to transform the industry with its cheap 1% transaction fees, among numerous other exciting features. Other freelancing platforms charge higher fees of 10%-20%.

Elsewhere, Uwerx has achieved incredible success, with all its presale stages having rapid sellouts and the token price constantly rising. Currently, WERX is priced at $0.041 in the fifth funding stage.

As a result of the presale’s popularity and hype, Uwerx has received numerous support and followers, recording over 6,900 user sign-ups, 1,647 Twitter followers, and 1,804 members on its Telegram channel. The Uwerx team also had to boost the presale token allocation to 57% of its 750 million total WERX supply to accommodate the unprecedented adoption.

Furthermore, the developers have kickoff the development of the Uwerx platform, utilizing an agile methodology that produces fast development and accelerated deployment through feedback. The Alpha Version of the project has already been launched. Currently, it features the Login, Forgot Password, Freelancer or Client Initiation, Job Creation Process, My Activity, and Initial Step of Job Creation and Initial Step Of Finding Talent pages.

Development of the Beta Version has started, and users are encouraged to test the platform and continue emailing feedback via the dedicated feedback email: feedback@uwerx.network.

Other notable Uwerx achievements include audit approvals from InterFi Network and SolidProof to ensure network security, authenticity, and transparency and the Uwerx Vault launch for staking and reward. In addition, on 7 June 2023, Uwerx locked the team's token for nine months. This enhances security further and eliminates any possibility of a rug pull.

Uwerx has also promised to renounce smart contract ownership when it gets listed on centralized exchanges to deepen the project’s sustainability and decentralization. Also, a Test Airdrop will be conducted soon to validate users' wallet addresses after the community voted in its favor.


XRP (XRP) Unseals Crucial Document In Court


In what is beginning to look like an ageless battle to regulate crypto, the SEC continues to engage XRP (XRP) in a protracted legal battle for allegedly selling XRP worth $1.3 billion illicitly. This is after listing XRP (XRP) as a security.

However, a document that could be vital in the ongoing legal dispute has been unsealed recently. The 'Hinman docs,' which XRP (XRP) fought hard to get into court, reveal that XRP (XRP) is unfairly targeted by the SEC.

Traders are hoping for a favorable outcome in the ongoing case against XRP. Following the 'Hinman docs' release, XRP surged more than 7%.

The SEC's tightened scrutiny and legal pressure on Cosmos Hub (ATOM) and XRP (XRP) have given them an uncertain future. This paved the way for Uwerx as it surged forward, surpassing presale milestones with impressive success and attracting investors’ attention.


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