Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
$SOL surged 5% to $219 following @VisionSys’s $2B treasury plan with Marinade Finance, aimed at enhancing liquidity and institutional adoption. The first phase involves staking $500M in SOL. #Update #Crypto $SOL
CME launches XRP and Solana futures, each surpassing $1 billion in open interest within months, indicating strong institutional demand and potentially paving the way for options listings. #Update #Crypto $SOL $XRP
@ThumzupMedia has invested $2.5M in @DogeHash to expand its Dogecoin mining fleet, adding over 500 miners and aiming for 4,000 operational rigs by year-end. #Update #Crypto $DOGE
David Schwartz, co-founder of the XRP Ledger, steps down as Ripple’s CTO after 13 years, becoming CTO Emeritus and joining the Board of Directors amid competitive blockchain developments. #Update #Crypto $XRP
The crypto market rallied with $BTC rising 2.9% to $116,592.90 and $ETH up 3.1% to $4,005.03; altcoins like $ZEC surged 41%, hitting a 16-month high amid U.S. dollar weakness. #Update #Crypto $BTC
@Ripple’s Chief Technology Officer David Schwartz will step down after 13 years, transitioning to Emeritus CTO and Board member while focusing on independent XRP projects. $XRP is rising. #Update #Crypto $XRP
XRP stabilized at $2.85 after a 3% swing, facing profit-taking post-$2.91 peak; caution arises from rising Binance reserves and regulatory scrutiny. #Update #Crypto $XRP
BNB Chain’s X account was compromised, posting a phishing link. Binance’s CZ warned users not to click links as investigations continue. Phishing remains a major threat in crypto. #Update #Security $BNB
Securitize integrates Ripple’s RLUSD stablecoin, enabling instant liquidity for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds. #Update #Stablecoin
Ripple extends its Interledger Protocol to the SWIFT network, enhancing interoperability and positioning $XRP as a key player in global payments. #Update #Crypto $XRP
Solana spot ETF approvals could be granted between Oct. 6-10, pending SEC activity; however, a potential government shutdown may delay the process. #Update #Crypto $SOL
@ForwardIndustries’ Kyle Samani raised $1 billion for a Solana treasury strategy, aiming to integrate global markets onchain. #Update #Crypto $SOL
A Cardano whale withdrew 67.8M $ADA from Coinbase, valued at $54.3M, indicating potential long-term holding strategy. #Breaking #Crypto $ADA
The U.S. SEC has issued guidance allowing investment advisers to use state-chartered trust companies as qualified custodians for crypto assets, enhancing custody options for firms like @Coinbase and @Ripple. #Update #Crypto $XRP
