Hot Developments For These 27 Altcoins In The Basket Of The Turks!

Today, many important developments have come to the fore, from the historical records broken by Ethereum and Terra Classic (LUNC) to VeChain’s event scheduled for March. Here are the hot developments for 27 altcoins from the last day of February.

Solana (SOL), which crashed over the weekend, still remains unclear

• The Ethereum Sepolia testnet has successfully undergone an upgrade simulating the expected Shanghai hard fork to the mainnet in March.
• Cryptocurrency exchange XT.COM announced that it has listed Project TXA (TXA) on its platform in the Innovation Zone. Trading on the TXA / USDT pair has been activated from today.
• Arbitrum-based asset management protocol FactorDAO has released the much-anticipated staking service Camelot DEX.
• Solana developers reported that the cause of the network-wide outage over the weekend is still unclear, but investigations are ongoing.
• Cryptocurrency exchange Huobi has announced that it will join the BTTC (BitTorrent) ecosystem and support the development of a BTTC-based layer 2 network. The move aims to promote the creation and improvement of an on-chain open financial system.

Binance is backing this altcoin project’s token burn efforts

• The Illuvium DAO has rejected the NFT package opening event, which included Su Zhu, founder of bankrupt hedge fund 3AC.
• Sui Network recorded more than 36 million transactions during Testnet Wave 2 According to statistics, the protocol registered more than 7,000 nodes connected to 41 validators.
• Members of the Terra Classic community have accepted the proposal, proposing to re-implement Binance LUNC burns. The v1.1.0 upgrade will include a gas exemption list that allows Binance wallets to be exempt from gas fees.
• Shiba Inu (SHIB) has become the third-largest asset in the reserve of centralized cryptocurrency exchange Crypto.com. Stablecoin surpassed USDC.
• Terra Classic (LUNC) burned 4.4 million LUNC in its weekly token burning party. With the last tokens burned, the number of tokens sent to the dead wallet this week reached 6.6 million.

Volt Inu is preparing to launch its new battle royale game on Steam

• Ether.Fi, a decentralized and unsupervised liquid staking platform, announced that it has closed its $5.3 million fundraising round.
• Crypto project Volt Inu has released the first version of its NFT-focused battle royale game, now playable on PCs. The game is expected to be available on Steam in the coming weeks.
• VeChain announced that the VeChain HiVe event will kick off on March 4. The HiVe event aims to strengthen collaboration with members of the Web3 community, addressing sustainability-focused developments.
• The trueUSD (TUSD) stablecoin backed by Binance has become the fifth largest stablecoin by market cap. The circulating supply of TrueUSD stablecoin has exceeded $1.1 billion with recent gains.
• Velodrome, the liquidity marketplace for second-tier scaling system Optimism, recorded its highest weekly fees of over $101,460 as of Feb.

This altcoin announces partnership with tech giants, price skyrockets

• TRON (TRX) founder Justin Sun has staked another 88,000 ETH worth $144 million today, after recently staking 150,100 ETH on liquid staking protocol Lido Finance (LDO). The number of Ethereum staked by Sun reached 288,000, bringing the total investment to half a billion dollars.
• Announcing its partnership with Meta and Telefonica, Gamium gained over 700% in value. cryptocoin.comWe have included the details of the partnership in this article.
• Wrapped Ethereum wBTC, Bitcoin wrapped in the Ethereum network, recorded a record bottom supply with 11,500 wBTC burned from Celsius-linked wallets. wBTC supply reached 164,396, the lowest level since May 2021.
• Klaytn (KLAY) announced that it will burn 5.28 billion KLAY tokens that are unused in 3 years and 8 months. The community wants 75% of the total supply to be burned.
• Popular game engine Unity has activated the Decentralization category on the Unity Asset Store today. In this way, game developers will have access to 13 different solutions (code library, SDK) offered by many companies such as Immutable X, Aptos Labs.

This altcoin team allegedly manipulated the token price

• Cryptocurrency exchange OKX claimed that the recent massive price drop of the CELT token was due to its team. The exchange claims that the CELT project is manipulating the token price.
• NFT platform and game incubator Voxel X Network (VXL) has announced that it will support Shiba Inu’s Tier-2 scaling solution, Shibarium.
• Ripple has announced that its ODL remittance technology will expand into Asia Pacific thanks to Tranglo’s new partnership with EzyRemit, one of Australia’s fastest growing fintech companies.
• Ripple also announced that it has acquired a 100% stake in crypto company HashHub. Besides issuing crypto-asset lending, the company is active in research activities around the new digital economy and blockchain in particular.
• According to data from Santiment Insights, the outstanding supply of Ethereum (ETH) exceeded 25 million on February 25. Thus, the over-the-counter ETH supply exceeded 25 million again 7 years later.

• Portal, a Web3 wallet infrastructure startup, has raised $5.3 million in a funding round involving Slow Ventures and venture capital firm Haun Ventures, founded by Andreessen Horowitz alum Kaite Haun.
• Theta Labs announced that the technical documentation and SDK for Theta Metachain is now available, allowing developers to launch and develop Theta subchains.