Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
SEC’s deadline to appeal Ripple lawsuit nears on Oct 7, with experts predicting a 75% chance of appeal. Ripple executives consider the lawsuit over. Potential appeal could impact $XRP price, currently at $0.588, and reshape crypto regulations.
XRP whales move 431M $XRP as Ripple co-founder Chris Larsen continues major dumps. XRP price inches up to $0.5881 with a 19% surge in trading volume to $1.07B. Market braces for volatility amid ongoing legal challenges.
Ripple issues record 485 RLUSD tokens, raising total to 563. 100 tokens burned to stabilize value. Strategic move aims to enhance testing on Ethereum and XRPL. Bitwise CIO sees market impact and anticipates regulatory clarity and a Spot XRP ETF.
Shytoshi Kusama hints at game-changing updates for $SHIB, including real use cases linked to TREAT and a new layer-3 privacy chain. @Lucie encourages users to switch to Shibarium for lower fees and faster transactions. Major ecosystem shift ahead.
Ripple Chairman Chris Larsen moved 18M $XRP to Binance and a Bittrex-activated wallet amid ongoing legal challenges. Analysts debate the impact on $XRP liquidity and price volatility. The price remains stable at $0.5865.
Analyst Egrag Crypto predicts $XRP could rise to $24-$31 based on Elliot Wave analysis, with Wave 5 potentially pushing it beyond $33. Currently in Wave 3, a retest of $0.52-$0.56 support levels may occur before the breakout.
Shiba Inu’s ($SHIB) burn rate surged 772%, with 15.08M SHIB burnt in 24 hours. Weekly burn rate up 313%, with 44.20M SHIB incinerated. Price consolidates around $0.00001468, with signs of bullish momentum. Market sentiment remains optimistic.
Bonk and Osprey Funds to launch a meme token-based ETP by the end of 2024, signaling a new era for meme tokens. Solana network optimization also advances with Firedancer’s Frankendancer solution. Exciting developments at Solana Breakpoint 2024.
Arthur Hayes, BitMEX co-founder, advises trading $SHIB, $PEPE, and other meme coins as Bitcoin remains stable. Hayes acknowledges a past error about Bitcoin’s crash post-Fed rate cuts and highlights the MOTHER coin’s 31% surge thanks to @IGGYAZALEA’s casino launch.
Coinbase ($COIN) launches Coinbase Wrapped BTC (cbBTC) on Solana, expanding from Ethereum and Base networks. cbBTC, backed 1:1 by Bitcoin, aims to leverage Solana’s high-speed, low-cost transactions, boosting accessibility and the Solana ecosystem.
Solana Foundation debates potential dissolution at Breakpoint 2024. Executive Director Dan Albert supports ecosystem self-sufficiency, while RockawayX CEO Viktor Fischer proposes a Linux Foundation-style funding model. Next event in Abu Dhabi to provide further insights.
Speculation mounts as the U.S. SEC considers appealing Judge Torres’ rulings in the XRP case. With just two weeks left to decide, $XRP has surged above $0.60 amid the lawsuit’s tensions. Regulatory clarity and crypto market futures hang in the balance.
Ripple Chairman Chris Larsen transfers 20M $XRP after a prior 50M move. Wallet suspected to be @Binance. Recent transactions spark unconfirmed hack rumors, highlighting potential market impacts and the need for transparency in crypto dealings.
Grayscale XRP Trust offers a secure way for traditional investors to gain XRP exposure without using crypto exchanges, but is limited to accredited investors with higher costs and a one-year holding period. Long-term value and accessibility are key factors to watch.
