Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Ripple Labs tests RLUSD stablecoin on $XRP Ledger and $ETH. RLUSD is fully backed by USD deposits and US treasury obligations. Regular audits and monthly transparency reports promised. Expansion to other blockchains planned. #CryptoNews
Ripple’s CLO urges VP @KamalaHarris to stop SEC’s crackdown on crypto. Court orders $125M fine for Ripple, far less than SEC’s $2B demand, affirming XRP is not a security. Calls grow for SEC Chair’s removal. $XRP #crypto
PYUSD market cap soars 150% post-Solana integration, hitting $684M. Usage splits nearly evenly between Solana (48.32%) and Ethereum (51.68%). Despite growth, PYUSD trails USDC and USDT in Solana’s stablecoin market. $PYUSD $USDC $USDT #CryptoNews
Pump.fun makes meme coin creation free. First buyer covers costs, and creators earn $80 if listed on Raydium. Capitalization threshold for listing now $63,000, boosting liquidity and market reach. #CryptoNews $RAY
Solana ($SOL) silently patched a critical security vulnerability, averting a major threat. The confidential fix was disclosed publicly after 70% of the network was secured to prevent exploitation. This proactive move highlights the importance of discreet responses to security threats. #CryptoSecurity
Ore Protocol V2 drives 14% of Solana transactions, improving efficiency and reducing failures to less than 5%. Over 30,000 ORE miners have paid 1,498 SOL ($230K) in fees since Aug. 6 launch. #Blockchain
Immutable to close its NFT marketplace on August 13, 2024, shifting focus to ecosystem growth and new partnerships. Users advised to migrate to platforms like AtomicHub and TokenTrove. $IMX #BlockchainNews
Breaking: Ripple’s SEC lawsuit concludes with $125M fine. Judge Torres rules retail XRP sales did not breach securities laws, boosting prospects for an $XRP ETF. Analysts optimistic despite delays. Brazil’s Solana ETF approval sets global precedent. #CryptoRegulation #Update
Breaking: Cathie Wood’s Ark Invest acquires $2.4M in Robinhood ($HOOD) following strong Q2 earnings. Robinhood reports $682M revenue and 652% net income surge. Ark also invests in Coinbase, Roku, and Tempus AI. #Investing #Update
Breaking: Pro-XRP lawyer urges Elon Musk to integrate $XRP into X Payments post-SEC victory. Ripple’s win led to an 18.37% price surge and increased market activity. #CryptoNews #Update
Ripple fined $125M by SEC but can still sell $XRP to institutions, focusing on non-U.S. markets. XRP surged 20%, surpassing $0.60. Ripple must navigate legal exemptions or registration to avoid further issues. #Cryptocurrency #Update
Breaking: StakeKit integrates TRON Stake 2.0 with Ledger Live, enabling seamless staking in three taps. Benefits include partial unstaking and enhanced token control. TRON boasts 244M+ user accounts and $20B in total value locked. $TRX #Update
TRON’s onchain activity surges: daily transactions up 29% QoQ to 6.3M, over 274M unique addresses, $8.2B in dApps TVL, and $100M AI fund fueling growth. $TRX shows negligible market correlation. #Blockchain #Update
Breaking: Ripple fined $125M in SEC lawsuit; XRP soars 18% to $0.61. Judge Torres rules institutional sales violated securities laws, while programmatic sales did not. Potentially pivotal for future crypto regulations. $XRP #Update
