Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Solana (SOL) surged to $193, its highest since April, amid rising investor confidence. Futures open interest hit $3.25B, the highest since April, and ecosystem fees jumped to $2.13M with 1.22M active addresses. Key events like potential ETF submissions may impact prices further.
Brett (BRETT), the largest meme coin on Base Blockchain, surged over 12% to $0.1395. Its market cap exceeds $1.38 trillion, ranking it 71st among cryptocurrencies. Despite gains, BRETT is down 27.8% from its all-time high. #CryptoNews
Former SEC lawyer Marc Fagel discussed how new SEC leadership might impact ongoing crypto lawsuits like Ripple. He noted that while current enforcement actions remain unaffected, future priorities could shift, easing outcomes for Ripple, Binance, and Coinbase.
Blockchain platform Casper Network faced a significant security breach on July 27, 2024, leading to a precautionary halt of operations. Despite this, CSPR trading continues on exchanges, though at a 15% decline. The breach underscores ongoing crypto platform vulnerabilities. Updates are forthcoming.
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
Raboo (RABT) and ZRO are outperforming Dogecoin (DOGE) in the crypto market. Raboo’s AI-driven “Post-to-Earn” platform saw a 233% rise since presale, while ZRO surged 80% in 30 days. Both highlight tech innovation and community engagement for success.
John Deaton, pro-XRP lawyer, wowed the 2024 Nashville Bitcoin Conference with a heartfelt speech on Bitcoin’s potential to end predatory banking. Sharing personal stories, he highlighted Bitcoin’s promise and criticized Sen. Elizabeth Warren, vowing to challenge her in the Senate race. #Bitcoin #Update
Solympics ($SOLY) surged 18% to $2.7M market cap amid the Paris 2024 Olympics, but 89% of its supply risks a rug pull. Meanwhile, The Meme Games ($MGMES) raised $260K in presale, offering secure staking rewards. #Update
Shiba Inu’s Lucie announced that $BONE will be listed on Weex crypto futures exchange on July 31. This aims to boost $BONE adoption and liquidity, despite a 1.09% price increase to $0.4943. Traders sold off after the Shibarium mainnet launch earlier. #CryptoNews
Political meme coins $KAMA (Kamala Horris) and $BODEN (Jeo Biden) see drastic shifts: $KAMA surged 3,875% to $0.02, while $BODEN plummeted 98.2% after Biden exited the race. Volatility expected to intensify. #CryptoNews
Shiba Inu ($SHIB) sees a notable spike in investor optimism with a 122.54% increase in burn rate, burning 140.74M SHIB last week. Supply now at 589.27T SHIB and price rose 2.57% to $0.00001719. SHIB futures open interest up 14.36% to $40.96M. #ShibaInu
Solana ($SOL) surpassed Binance Coin ($BNB) in market cap on July 27, reaching $85.5B driven by a price surge to $184. Solana leads DeFi with $2.19B in Total Value Locked and has surpassed Ethereum in DEX trading volumes. #CryptoNews
VanEck teases a spot $SOL ETF as Solana surpasses Binance Coin to become the 4th-largest cryptocurrency by market cap. SOL’s market cap milestone is significant, marking the first time in four years it has overtaken $BNB, with a 35% price surge in two weeks. #CryptoNews
Cardano founder Charles Hoskinson criticized Peter Schiff’s understanding of $BTC. Schiff called Bitcoin a “pyramid scheme,” sparking debate over Bitcoin’s role. Hoskinson argues Schiff misunderstands Bitcoin’s value, while Schiff warns of a bubble burst and increased government control. This highlights the divide between crypto advocates and skeptics. #Update
