Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Polygon to replace $MATIC with innovative $POL token in September. No immediate upgrade deadline for holders, but community may set one. POL aims to enhance network utility and scalability. Migration progress currently at 0.1%. #Update #CryptoNews
Polkadot’s ecosystem saw a 33% rise in transactions in June, hitting 16M from 12M in May, despite $DOT reaching a 7-month low. Unique addresses rose to 7M+, and OpenGov proposals increased by 66%. #Update #Polkadot
After the US Fed meeting, Bitcoin faced selling pressure as Jerome Powell kept rates at 5.25%, hinting at a September cut. Altcoin whales, including Ethereum, are buying dips, anticipating a rally. #Update #Crypto $BTC $ETH
Cardano’s Node 9.0.0 launched, paving the way for the Chang hard fork. Key features include on-chain governance via CIP-1694, Plutus enhancements, and DReps drafting a Cardano Constitution. This solidifies $ADA as the most decentralized blockchain. #Update
The SEC seeks to amend its lawsuit against @binance to avoid ruling on the security status of tokens like Solana. This move leaves legal status uncertain but avoids direct classification as securities. #CryptoRegulation #Update
After the US Fed meeting, Bitcoin and altcoins sold off. Altcoin whales and Ethereum investors are accumulating, anticipating a rally from a potential rate cut in September. Sideways consolidation is expected until then.
VanEck’s Matthew Sigel hints Solana ETFs may debut on Wall Street soon, contrasting BlackRock’s caution. Analysts predict Solana’s price could hit $200 by year-end, but US elections might delay approvals. #Crypto #ETFs #Update
Tron (TRX) hit $0.14, nearing its ATH of $0.3. Dogwifhat (WIF) surged 50%, reaching a $2.3B market cap. Raboo integrates AI in meme creation, offering presale tokens at $0.0048 with a 20% bonus.
Ki Young Ju reports a surge in limit buy orders for altcoins, indicating a potential rally. This trend, driven by whales and institutions, often precedes significant price increases for alternative cryptocurrencies.
Investors are eyeing Rollblock, predicting a 50x surge in 2024. Its GambleFi platform disrupts the $450B casino market with 150+ games, no KYC, and a deflationary token model. Current presale price: $0.0175.
The SEC amended its complaint against Binance, removing Solana (SOL) and 10 other crypto assets from securities classification, sparking debate. Experts view this as a litigation tactic, leaving Solana’s legal status uncertain and impacting potential ETF launches.
Stellar Lumens (XLM) hit $0.105, up 6% from monthly lows. Partners Circle and MoneyGram enhance USDC access. Analysts predict XLM could rise to $0.73, but Soroban platform struggles to attract developers.
BlackRock’s Samara Cohen says Bitcoin and Ethereum are the only cryptos meeting ETF criteria. Ethereum ETFs launched July 23, 2024, boosting trading volumes to $14.8B. Solana’s lack of CME futures complicates its ETF approval.
Songwriter Jonathan Mann and artist Brian L. Frye sue the SEC over classifying NFTs as securities, arguing their digital art should be exempt. The case could set a crucial precedent for NFT treatment under US law.
