Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
TRON Founder @justinsuntron wins landmark defamation case in China, ordering Chongqing Business Media Group to retract false claims and apologize. This victory reinforces the importance of factual accuracy in media. #Update #TRON
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
? The $XRP Ledger backed by @Ripple is seeing a surge in activity, identified as a DDOS attack. Since Dec. 28, the network averages 5M daily transactions, affecting speed and functionality. Experts link it to fraudulent trading. #CryptoNews #Update
21Shares and @3iQCorp apply for spot Solana ETFs this week, with Coinbase Custody Trust as custodian. Experts highlight Solana’s high throughput and low fees, signaling strong institutional interest. Approval could reshape market dynamics. #Update #Solana
Sunny Aggarwal (@sunnyaggro) discusses building Bitcoin’s application layer through @cosmos in @SlateCast episode. Osmosis governance voted Axelar ETH as the canonical ETH to address liquidity issues and enhance user experience. #DeFi #Update
Polkadot proposes reducing the minimum balance for $USDT and $USDC on its Asset Hub from $0.07 to $0.01 to boost stablecoin adoption. The move aims to make Polkadot more competitive in the stablecoin market. #Update
? $XRP jumps 9% to $0.65 as optimism grows for a Ripple-SEC lawsuit settlement. Recent SEC amendments and increased whale activity propel XRP to the 6th spot in market cap, surpassing $USDC. #Crypto #Update ?
Source: coingape.com
VanEck’s Matthew Sigel says their Solana spot ETF hinges on a Trump victory in 2024. Without a futures market for Solana on CME, surveillance sharing agreements with spot crypto exchanges could be key. #Crypto #Update
Justin Sun, founder of Tron, announces gas-free P2P stablecoin transfers launching Q4 2024. Initially on Tron, then Ethereum and other EVM networks. This could boost mass adoption by large companies. $TRX #Update
Ethereum, ICP, Polkadot, Cardano, and Solana offer unique smart contract strategies. Ethereum uses Solidity; ICP eliminates transaction fees; Polkadot ensures interoperability; Cardano prioritizes security; Solana achieves 50,000 TPS. Diverse approaches herald a multichain future. #Update #Blockchain
Bitcoin ($BTC) faced resistance at $59,800, while Ethereum ($ETH) struggled below $1,860. VeChain ($VET) surged to an all-time high of $0.09, driven by real-world adoption in sectors like cosmetics. #Update
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
Polkadot’s treasury holds 38M $DOT, valued at $245M. In H1 2024, it spent 11M $DOT ($87M) on ecosystem investments: $37M on outreach, $23M on network dev, $15M on liquidity, and $5.5M on talent. #Update
“Former SEC lawyer Marc Fagel predicts new SEC leadership could shift priorities in crypto cases like Ripple’s, potentially leading to smoother settlements. Current aggressive stance likely influenced by major fraud cases. #CryptoRegulation $XRP #Update”
