Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Solana ($SOL) surpassed Ethereum ($ETH) in DEX trading volume for the first time in July, hitting $55.8B vs. Ethereum’s $53.8B. This shift was fueled by memecoins and celebrity token launches on Solana. #Update
? The Polkadot community is discussing a bridge to link their network to Cardano. Efforts to develop a light client and NFT swap bridge are underway. Initial reactions are supportive, enhancing interoperability for both $DOT and $ADA. #Update #CryptoNews
Ripple (@Ripple) contests the SEC’s $2B fine, proposing a $10M civil penalty instead. CEO Brad Garlinghouse criticizes SEC’s actions, highlighting compliance with XRP token sales rules. The SEC’s fine request is 20x higher than past cases. #CryptoNews
VeChain’s new whitepaper, “Web3 for Better,” focuses on sustainable supply chains and ecological initiatives through Web3. Key features include a “phygital” concept, DEX/DeFi, wallet extension, Ethereum token bridge, and NFT marketplace. #Update #Sustainability
Ki Young Ju, CEO of @cryptoquant_com, reports a surge in limit buy orders for altcoins, signaling a potential rally. Whales are establishing strong buy walls for altcoins like $LTC, indicating bullish market sentiment. #Crypto #Update
Litecoin’s third halving event occurs today at 3:16 pm UTC, cutting block rewards from 12.5 $LTC to 6.25 $LTC. Historically bullish, the long-term impact remains debated. Current price up less than 1% today. #Litecoin #Update
VanEck pushes forward with a $SOL ETF, potentially outpacing BlackRock’s hesitant approach. Matthew Sigel believes the US market is ripe for diverse crypto ETFs, driven by recent SEC amendments. Regulatory developments remain key. #Update
Ripple invests $10M in tokenized U.S. Treasury bills on XRP Ledger with Asia’s @OpenEden. This first-of-its-kind move allows XRP holders to access short-term U.S. government debt. Users can mint TBILLs using stablecoins. #CryptoNews
The Web3 Foundation has granted Dot Play funding to boost Polkadot’s gaming ecosystem. Dot Play will create tools, SDKs for Unity & Unreal, and offer business support. Notable team members include Angela Dalton and Eliza Jäppinen. #Update #Polkadot
The Cardano Foundation, with CCRI, releases eco-friendly metrics in line with MiCA regulations. Cardano’s energy-efficient protocol uses 704.91 MWh, with a carbon footprint of 250.73 tCO2e. Essential for green blockchain solutions. #Sustainability #Update
Tron ($TRX) and Dogwifhat holders join Raboo’s competition for 60,000 tokens. Tron hits $0.14 resistance due to whale activity. Dogwifhat spikes 50%, reaching $2.8B market cap. Raboo’s AI-backed memecoin presale offers 20% bonus. #CryptoNews
Jonathan Mann (@songadaymann) and Brian L. Frye sue the SEC, challenging NFTs as securities. Their case could redefine digital art under US law, impacting artists and collectors. #NFTs #Update
Coinbase adds VeChain ($VET) and VeThor to its asset roadmap, causing $VET to surge 11% to a 16-day high of $0.01899. This move signals potential growth and increased investor confidence. #Crypto #Update
The SEC revised its lawsuit against @Binance, removing the need to classify certain tokens as securities. This shift may alter digital asset regulations. The SEC’s stance and upcoming elections could impact future crypto laws. #CryptoRegulation
