Last Minute Developments For These 12 Altcoins: Giant Partnership!

Highlights of the week included HBAR and ChatGPT integration. Recent developments from the altcoin market show that a number of companies are making moves in this direction.

Here are the hot developments of the day from 12 altcoins

Gemini launches Ethereum staking service in the UK

Led by Cameron and Tyler Winklevoss, Gemini has introduced Ethereum staking services for UK clients. The exchange is making its proprietary product Gemini Staking Pro available to UK institutions and wealthy individuals.

40,000 ETH offer from Lido Finance

DeFi expert Seraphim Czecker at Lido Finance has made a proposal asking Mantle to allocate 40,000 ETH ($72 million) to Lido’s liquid staking platform. If this proposal is approved, it will lead to a significant allocation on Lido’s staking platform. It will also create a strategic partnership between Lido and Mantle.

Coinbase’s ETH staking share drops

Recent reports indicate that Coinbase’s share of Ethereum (ETH) staking has fallen sharply. The altcoin staking rate on Coinbase has dropped to 9.7%, the lowest level since May 2021, according to data from Dune Analytics.

The drop in Coinbase’s ETH staking market share comes at a time when demand for Ethereum staking is increasing. After the Shanghai update, the staking trend attracted investors’ attention due to the significant passive income it provided. According to the data, the number of staked ETH has exceeded the unstaked amount by 3.5 million ETH ($7.3 billion).

Shibburn Twitter account suspended

As reported by Kriptokoin.com, the Twitter account of Shibburn, the tracking platform of Shiba Inu’s token burning, has been suspended. The project team sent a message to Elon Musk and Twitter’s new CEO, Linda Yaccarino, asking for help and a quick solution.

Dash priced its halving event in double digits

Privacy-focused Dash (DASH) recently completed its halving cycle. After that, the SADH price gained more than 40%.

Celsius on the agenda with wash trading allegations

Crypto company Celsius Network, which went bankrupt in 2022, is facing new allegations from its creditors regarding market manipulation and inflated CEL token volume. In a recent lawsuit, he claimed that Celsius executives collaborated with crypto market maker Wintermute to manipulate the price of Celsius CEL tokens through wash trading.

HBAR introduces ChatGPT plugin

A collaboration between ChatGPT and Hedera Hashgraph’s cryptocurrency HBAR has occurred. The partnership is based on Blockchain and artificial intelligence. Thanks to the integration, users will be able to interact with the Hedera network with ChatGPT. However, it will be possible to access services such as Hedera Consensus Service (HCS), Hedera Token Service (HTS), and Smart Contract Service.

Ripple supports Kotak Mahindra Bank’s digital rupee project

Indian bank Kotak Mahindra Bank chose Ripple’s technology to pilot its Digital Rupee e₹ project. The Indian bank had partnered with Ripple in 2018. Now they have started piloting the digital rupee.

Terra Luna Classic (LUNC) presented a new offer

A team of Terra Classic developers has revealed the “Six Samurai” proposal for Q3 2023. The proposal takes the name “Six Samurai” from the engineering team behind it. However, spending $116,000 for the third quarter of 2023, the team proposes an L1 roadmap that includes the transition from Columbus-5 to Columbus-6 and is updated to the Cosmos SDK.

Also part of the roadmap is the plan to follow the Terra Classic listing on Keplr’s Web Interface, an analytical visualization web tool, and Mintscan, a Cosmos block explorer for crypto exchanges and clients.

These two companies open new use cases for USDC

The Stellar Development Foundation (SDF) announced that Coinbase has added support for USD Coin (USDC) on the Stellar network. This will make it possible for Coinbase to withdraw and deposit USDC through the Stellar network.

In another development from USDC, German software giant SAP announced that it is preparing to use USDC for international payments. The software company aims to make cross-border payments faster and more affordable with USDC. The testing phases have now started on the Ethereum network.