This week, especially February 14th, is getting the community moving with significant Cardano, Ethereum, and Shiba Inu rises. In this article, we have listed the 18 altcoin news you should follow throughout the week.
Clearpool chose this altcoin project for its institutional lending platform
- DeFi protocol Clearpool has chosen the Polygon (MATIC) network for its enterprise lending platform Clearpool Prime. Clearpool Prime will function as an institutional-grade capital market where borrowers can create pools of loans and liquidity providers can invest to generate returns.
- Avalanche-based DeFi platform GMX (GMX) surpassed Ethereum with over $5 million in fees in a 24-hour period over the weekend.
- Crypto lender Nexo said it will discontinue its Interest Earning Product (EIP) for all its US users from April. cryptocoin.com We have included the details in this article.
- The Ethereum (ETH) team has clarified February 28 as the starting date for the Sepolia testnet to move via the Shanghai update. After Sepolia testnet, Goerli testnet will be the final testnet of Shanghai update.
- In the SEC and Ripple lawsuit, the adoption of the XRP token as software code gave the blockchain company an edge. Ripple denies the SEC’s claim on securities and argues that the token should not be considered a security, as it is used in the company’s operations to facilitate international financial transactions between banks and other financial institutions.
Stolen funds moved in Wormhole hack attack
- Huobi has announced that it will terminate the Huobi Cloud Wallet platform in May 2023 due to “strategic and product adjustments”. According to the announcement, maintenance and upgrades of the multitoken wallet service will be officially discontinued on February 13. Users still using the cloud wallet are encouraged to transfer cryptocurrencies and NFTs to their main Huobi account.
- Of the $321 million Wrapped ETH (wETH) stolen from Wormhole’s bridge in February 2022, $46 million was moved. According to PeckShield, the hacker’s associated wallet has once again become active and has moved $46 million by processing it in various protocols.
- A Shiba Inu phenomenon named AdRock asked PayPal for clarity on whether it currently accepts Shiba Inu as a payment method in a February 11 tweet. The PayPal Support Twitter account said it would DM this question.
- Cryptocurrency phenomenon Bitboy emphasized in a new tweet that centralized exchanges should list XRP again. Bitboy has invited US crypto exchanges to relist their crypto assets, citing the LBRY lawsuit as a positive precedent.
- Chinese cryptocurrency staking project Avatar has become the fifth largest Polygon (MATIC) whale. The project-owned wallet has purchased 22.37 million MATICs and consumed 100,000 MATICs of gas in the last 7 days.
This altcoin project is preparing to unlock million dollar token
- On February 12, Aptos unlocked 4.5 million APT tokens, roughly 0.45% of its total supply. The next unlock planned for Aptos will be another 4.5 million tokens to be released on March 12. This amount represents 8% of the total supply and is worth $62 million.
- XT.COM announced that it has listed the HLPR/USDT pair. Also known as the “Auxiliary Cryptocurrency,” HLPR is the native token of CallforBlessing, an online platform that helps bring together those of the Christian faith.
- Chainlink, the largest oracle network, announced partnerships with MakerDAO, Starknet, Cryptex, BGD Labs, Aave and BENQUI.
- Terra Classic network successfully upgraded to v1.0.5. The Binance-backed boost will burn 50% of the revenue from LUNC trades.
- Elon Musk wore the Dogecoin logo T-shirt at the Super Bowl, where he was recently screened.
- Shibburn, which collects data on token burns on Etherscan, reported that a total of 102,145,155 SHIB tokens have been burned in the past seven days.
- The BabyDoge team has confirmed that the token burning portal will be released soon and stated that by April 1, they will burn five tokens for every token burned through the community burn portal. BabyDoge gained over 20% over that.
- A huge altcoin whale has transferred 2 million 1INCH tokens to Binance wallet. When Whale transferred 2 million 1INCH to Binance last August, the price of 1INCH was $0.75. The altcoin is currently trading at $0.5323.
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