Meme Coin Raises $200M for Think Tank
CryptoBriefing: Errol Musk plans to raise up to $200M with the $MUSKIT memecoin for a new think tank, without Elon Musk’s endorsement. #Update #Crypto $MUSKIT (+3) ↗
Altcoins
Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Shiba Inu Burn Rate Soars 7000
CoinGape: The Shiba Inu burn rate surged 7240% as 1.1 billion $SHIB tokens were destroyed, boosting market optimism despite volatility ahead of U.S. PCE data release. #Update #Crypto $SHIB (+6) ↗
Solana Transfer Pumpfun Moves 407M
DailyHodl: @Pump_fun deposited $407M worth of $SOL to Kraken over the past year, with legal scrutiny from Burwick Law looming. #Update #Crypto $SOL (-6) ↘
XRP ETF Filed by Grayscale
CryptoBriefing: @Grayscale has filed to convert its $XRP Trust into an ETF on NYSE Arca, following similar moves by CoinShares and Bitwise. #Update #ETF $XRP (+3) ↗
Coinbase Launches Solana Futures Push
Decrypt: @Coinbase plans to launch cash-settled Solana futures on its regulated derivatives exchange, pending CFTC approval, aiming to diversify offerings. #Update #Crypto $SOL (+4) ↗
Solana Memecoin Dogwifhat Shows Promising Growth
DailyHodl: A widely followed analyst, Bluntz, suggests $WIF may have bottomed on Solana’s ecosystem after a correction, while $BTC risks a swing failure pattern. #Update #Crypto $WIF (+2) ↗
Crypto: Grayscale Pursues XRP ETF Approval
Decrypt: @NYSE files with @SECGov to convert Grayscale’s XRP Trust into an ETF, with Coinbase Custody as custodian and BNY Mellon as transfer agent #Update #ETF $XRP (+6) ↗
XRP ETF Conversion Grayscale Files
CryptoSlate: @Grayscale filed a 19b-4 Form to convert its XRP Trust into an ETF, potentially attracting $4-$8 billion, amid SEC lawsuits and potential futures launch. #Update #ETF $XRP (+6) ↗
Coinbase Lists Solana Hedera Futures
CoinDesk: @CoinbaseDerivs files with CFTC to list $SOL and $HBAR futures, launching Feb 18; Solana contracts sized at 100 SOL, Hedera at 5,000 tokens. #Update #Crypto $SOL (+3) ↗
Crypto Analyst Reveals Solana Rival Strategy
DailyHodl: Crypto analyst @rektcapital highlights $SUI’s consolidation below its all-time high, supported by Phantom, while $BTC eyes a breakout above $106,000. #Update #Crypto $BTC (+3) ↗
Ripple RLUSD Hits $3 Trillion Milestone
CryptoSlate: @Ripple’s RLUSD stablecoin surpasses $3 trillion in trading within a month, driven by Bullish exchange activity and a circulating supply of $97.5 million backed by $104 million reserves. #Update #Crypto $RLUSD (+6) ↗
Solana Mirrors Bitcoin Boosts ETF Bid
CryptoBriefing: Solana’s market structure shows strong liquidity and price correlation, supporting its potential for US ETF approval alongside Bitcoin and Ethereum. #Update #Crypto $SOL (+6) ↗
Tokenization Expands: Securitize Partners with Solana
CoinGape: @Securitize partners with Apollo Global Management to launch tokenized private credit fund on Solana, enhancing blockchain access to $1.2B in assets. #Update #Crypto (+6) ↗
Meme Coin JELLYJELLY Surges 1000 Percent
CryptoBriefing: @Venmo co-founder’s $JELLYJELLY meme coin surged 1000%, hitting a $250M market cap post-launch on Solana’s Pump.fun, before retracing to $140M. #Update #Crypto $JELLYJELLY (+6) ↗