Bitcoin DeFi project Ordiswap rose to the top after V2 launched on the mainnet. The SHIB Coin community requested Grayscale to apply for the SHIB ETF. Lido TVL reached a historical peak of $30.66 billion. And more!
There is news from XRP, ORDS, SHIB Coin and these 4 altcoins…
ORDS continues to set new historical highs
According to recent market data, ORDS briefly surpassed $0.23. Thus, it reached its historical peak, priced at $0.2297, with an increase of 14.73% in 24 hours. Earlier today, Bitcoin DeFi project Ordiswap announced the launch of V2 on mainnet. He also announced that it currently supports trading pairs such as BTC/ORDI and BTC/SATS. Additionally, he noted that it allows users to stake ORDS. Ordiswap also has proprietary Layer-2 (Ordilayer), overcollateralization, decentralized stablecoin (BTSD), BRC-20 launchpad (Ordipad), etc. also announced its launch plans.
ETF move from the Shiba Inu (SHIB Coin) community
Just like Bitcoin, members of the Shiba Inu (SHIB Coin) ecosystem are pushing for the launch of an Exchange Traded Fund (ETF) product. The community sent a petition to Grayscale Investments. They requested for this product in this petition. As contained in the Change.org petition, the SHIB Coin community has requested that Grayscale CEO Michael Sonnenshein consider applying for a SHIB ETF as the token currently meets the Howey test for not being a security. They claim this will make it easier for the firm to make the move as it boycotts all the regulatory complexities.
In addition, proponents of the SHIB ETF have cited the asset’s popularity as an important benchmark to demonstrate the US market’s readiness for the spot SHIB ETF. cryptokoin.comAs you follow from, the SEC gave the green light to spot Bitcoin ETFs in January. Then the era of corporate adoption began. Proponents of the SHIB ETF argue that the product will expand access to Shiba Inu for every class of investor.
XRP reserves skyrocketed: The giant stock exchange added 44.9 million XRP
OKX revealed staggering figures regarding its reserves in its latest monthly proof-of-reserve audit. The report published today highlighted a significant increase in XRP reserves. Crypto exchange OKX added 44.9 million XRP tokens to its reserves in just one month. Thus, it reported a significant increase. This increase marked an important milestone for the stock market.
As of February 21, OKX’s reserves not only exceeded the industry standard for leading cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC, but also exhibited a phenomenal increase in reserves for XRP. The exchange added 44.9 million XRP to its reserves in the past month alone. Thus, it increased its reserves to 250.958 million tokens in total.
Avail closes $27 million seed funding round
Avail, a modular blockchain project at Polygon, announced that it has completed a $27 million seed funding round. The round was led by Founders Fund and Dragonfly, venture capital firms founded by Peter Thiel, with participation from SevenX Ventures, Figment, Nomad Capital and several angel investors.
Avail was spun off from Polygon in March 2023 under the leadership of Polygon co-founder Anurag Arjun. It will use the proceeds from this funding round to develop three core products. These are: data availability solution (DA), Nexus and Fusion. The first iteration of Nexus is expected to launch in 2024. Fusion Security will be ready in 2025.
Lido’s TVL broke a record by exceeding $30 billion
According to DefiLlama data, Lido TVL reached a historical peak of $30.66 billion. Additionally, according to Dune’s data, the current Ethereum staking rate is 25.85% and Lido’s market share has reached 31.4%.
5ireChain received a million dollar investment from Gotbit Hedge Fund
Hedge fund Gotbit Hedge Fund’s Layer1 Blockchain invested one million dollars in 5ireChain. 5ireChain will use this funding round to deepen ecosystem innovation. Previously, 5ireChain announced that it had launched a $10 million funding program called 5ire Grants Program. The program will focus on multi-chain projects, EVM compatibility, RWA and other related projects. In this context, it will provide funding of up to $100,000 for participating projects.
The latest funding program aims to attract developers. It also aims to promote the implementation of decentralized applications (dApps) on 5ireChain. The program will start on March 1, 2024 and last for three months.
Ola launches an airdrop treasure program
Ola, a Layer-2 ZK programmable privacy and scalability project, announced the launch of the Ola Airdrop Vault program. The program aims to reward and thank active founders in the community, including early Ola community contributors, OVP holders, Ola ecosystem developers and feedback providers. In addition, Ola plans to airdrop to developers, researchers and advocates of zero-knowledge proof (ZK) technology. Distribution of airdrops mainly involves community suggestions and voting, as well as direct distribution by the Ola team during major project progresses.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!