As the market leader Bitcoin recaptures $39,000 to a slight rise, most members of the altcoin market are not holding back on this momentum. Ethereum, Cardano, Solana, and other top 10 cryptocurrencies have woken up to push their past 24-hour gains. Prices aside, in this post, let’s list the most important partnership, listing and investment news of the week.
Here are the latest developments in the altcoin market
- Shiba Inu community Shiba Army has removed more than 3 thousand dollars of SHIB from circulation with its “token burn” campaign held on the 15th of every month. In addition to a total of 140.7 million SHIB, another 11 million SHIB have been transferred to dead wallets in the last 24 hours.
- Moonbeam Network, the first smart contract platform for dApps in Polkadot’s (DOT) cross-network ecosystem, has marked a significant milestone. In the first 60 days, 200,000 wallets, 3 million transactions, $225 million GLMR were staked on Moonbeam.
- JINKOU, a Web3 platform that provides payment methods for individual users, has announced that it will accept the Terra USD (UST) stablecoin as a payment method for its individual operations.
- Through its $250 million Creators Fund, launched in September 2021, Ripple reports that it has added nearly 4,000 artists, singers, game designers, and developers to various NFT projects.
- Whale-watching platform WhaleStats reported that the most traded altcoins/tokens in the past 24 hours are USDC, USDT, ETH, BUSD, MATIC, FTM, SHIB, YFI, AAVE and SNX.
- Stellar Development Foundation and MoneyGram announced that they have partnered with Techstars, a startup-support platform for financial inclusion and education for founders. According to the information in the post, the program is for early stage projects that need to be supported through the accelerator program.
- Terraform Labs (TFL), which develops the TerraUSD (UST) stablecoin and the Terra (LUNA) Blockchain ecosystem, announced that it has invested $1 billion in Luna Foundation Guard (LFG).
- Shiba Inu (SHIB) has been accepted as a payment method by a new business in Venezuela called “40&20Ccs”.
- OnlyFans, an online subscription platform for adults, donated $1.3 million ETH to Ukraine. The platform donated the amount to Ukraine’s DAO. It had previously donated $6.1 million by selling NFT.
- Privacy cryptocurrency Zcash (ZEC) has gained $420 million in volume over the past week. In just seven days, its market cap rose from $1.70 billion to $2.10 billion.
- WhaleStats reports that Ethereum whales have purchased $2.6 million worth of Polygon (MATIC) in the last 24 hours.
You can find the list of altcoins that Ethereum whales sell, which we have transferred asKriptokoin.com.
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