In the cryptocurrency market, February started off quite volatile in every sense. As regulatory pressures continue to come, altcoin projects continue to evolve. We have compiled the important events that took place and will happen in the market for our readers. The effects of these events will continue to be seen in the market.
Key events for altcoin projects
In the highlight of the week, the SEC sued Paxos for Binance’s BUSD stablecoin. In this context, the SEC interestingly claims that its token is an unregistered security. Meanwhile, Binance has printed 50 million TUSD against the risk of stablecoin shortages in the stock market following the SEC’s BUSD action.
The public sale of Trove DAO (TROVE) began on February 17. The altcoin made a strong rally on February 18. At press time, it’s trading at $0.0006838, up 13% on a daily basis.
Gains Network’s GNS token entered the list of the world’s largest crypto exchange Binance on February 18. The network brings its liquidity-efficient decentralized leveraged trading architecture to Polygon. achieved an all-time high
Abu Dhabi has committed $2 billion in funds to support early-stage Web3 startups.
Silo Finance (SILO) has launched a new loan protocol in Arbitrum. Just as Uniswap brings liquidity pools to thousands of tokens, Silo brings isolated lending markets to all token holdings. Users can use any token as collateral.
The Blur (BLUR) airdrop event has taken place. BLUR is a unique Non-Fungible Token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons.
The zkSync mainnet for developers is now available. Meanwhile, main-net has been renamed “zkSync Era”. Also, the codebase has been completely open sourced.
The US regulatory authority SEC has declared Terra (LUNA), the token of the Terra ecosystem, as a security. Arthur Hayes made a strategic investment in Level Finance.
Conflux (CFX) collaborated with China Telecom. In this context, it is aimed to develop Blockchain SIM Cards. This news blew the altcoin price and made it almost 2X on the weekly timeframe.
Cryptocurrency exchange Coinbase has listed Lens Platform’s LENS token, sparking airdrop rumors.
Important developments to be followed by market players
The public sale of the FCTR token by FactorDAO, an asset management protocol on Arbitrum, will take place on February 20 at the Camelot DEX.
Launched in May 2019, Nexus Mutual has launched a proposal to improve NXM tokenomics. Voting on the proposal will end on February 22. Currently, the vote is on its way to acceptance with 99.96%. Nexus Mutual is a decentralized insurance protocol built on Ethereum. It offers users the ability to receive collateral in smart contracts with the use of its native token, NXM.
Cryptokoin.com’As you follow, Ethereum layer-2 protocol Polygon (MATIC) will launch zkEVM on March 27.
UNIDX perpetual aggregator V3 will be released soon. It hosts DEXs of major blockchains such as UNIDX, Avalanche, Fantom, Arbitrum and BNB Chain.
Stader Labs plans to announce its liquid staking derivative ETHx soon to improve SD tokenomics.
Shiba Inu ecosystem layer-2 Blockchain Shibarium, Synthetix (SNX) Version 3 upgrade and Curve ecosystem stablecoin crvUSD are scheduled to be released soon.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.