VeChain has announced a strategic partnership with the global management consulting firm, Boston Consulting Group (BCG), to bring blockchain’s power to the textile industry with a focus on creating a more sustainable and circular economy. The alliance aims to enhance textile recycling processes and decrease the carbon footprint of the industry.

The market has responded positively to this initiative, with VeChain’s token, VET, witnessing an uptick of 8.2% over a 14-day period and 3.9% in the past week. As of now, VET is fluctuating between $0.02743 and $0.02931.

Data from the analytics firm Nansen illustrates that a staggering 30 million ETH, equivalent to 25% of its total supply, has been staked on the Ethereum network. This reduction in circulating supply is generally seen as an advantageous move for the asset’s valuation.

Since the 23rd of January, Ethereum has shown a bullish trend, escalating from $2,272.09 to $2,442.97, and is currently aiming to breach the $2,500 mark.

The emerging defi platform Pullix has been the center of attention with its presale event, drawing in more than 15,000 participants. Pullix plans to introduce a hybrid trading ecosystem that will enable users to trade both traditional and crypto assets effortlessly.

PLX, Pullix’s native token, is currently priced at $0.1 during the seventh stage of the presale, offering holders various benefits such as service access, discounts, and staking rewards.