Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Polygon Labs’ CISO Mudit Gupta confirms the company’s use of CrowdStrike but states their systems were unaffected by the July 19 global IT outage. The incident, impacting millions of Windows users, highlights the resilience of decentralized systems like Polygon networks. #Blockchain #Update
Crypto traders are on alert as $2B in $BTC, $ETH, $SOL, $XRP, and $MATIC options expire on Deribit amid slight selling pressure. The Fear and Greed Index jumped from 25 to 60, indicating high market volatility. #Update
#CryptoNews
Spot Ethereum ETFs launched, but @EYnews’ Paul Brody warns this doesn’t guarantee Solana ETF approval. Differences in decentralization and liquidity between $ETH and $SOL, plus fragmented U.S. regulations, complicate matters. #CryptoUpdate
Zeebit launches the first Web3 microgaming platform on @Solana’s Sonic SVM Layer 2, featuring provably fair casino and PVP games. Users can earn Zeebit points and Sonic rings during the testnet phase. #Web3Gaming
Polygon Labs will migrate $MATIC tokens to $POL on Sept 4, 2024, as part of #Polygon 2.0. The new token retains MATIC’s tokenomics and aims to boost liquidity and functionality. Users on the Polygon network will experience automatic conversion. #Update
VeWorld, the self-custody wallet for @vechainofficial, now supports Apple Pay via @Transak_ integration. Users can store and manage $VET and other VIP180 tokens with enhanced accessibility. This move aims to boost VeChain’s growth. #Update #CryptoNews
DeFi Technologies (@DeFiTech) boosts Bitcoin holdings to 204.34 BTC and adds 12,775 $SOL to its treasury, signaling strong commitment to the DeFi sector. #Crypto #DeFi #Updates
Dogecoin whales have accumulated over 60M $DOGE within 24 hours, creating a robust support zone at $0.12. This strategic move indicates confidence in $DOGE’s future, potentially driving prices to $0.133 by August. Currently, $DOGE trades at $0.1223, showing promising stability for investors. #CryptoNews
Solana’s native token $SOL rebounds post-FTX crash, boosted by VanEck’s ETF filing. Pantera Capital dubs it the “macOS of blockchains,” fueling growth in active addresses and fees. Major investments and innovations position Solana as a blockchain leader. #Update
Polygon will replace its $MATIC token with $POL starting September. Migration progress is expected to rise to over 50% from the current 0.1%. #Crypto #Updates
Approval of Spot $ETH ETFs excites crypto community, but experts warn it doesn’t ensure $SOL ETF approval. Differences in decentralization, technical needs, and market liquidity affect regulatory decisions. Paul’s analysis highlights the U.S.’s fragmented regulations as a hurdle for $SOL ETFs. #CryptoRegulation
#Update
Polygon’s $MATIC token upgrades to $POL on Sept 4 as part of Polygon 2.0, enhancing scalability and governance. POL will be key for gas payments, staking, and new functionalities like zero-knowledge proof generation. #Update #Blockchain #CryptoNews
Polygon Foundation announces $MATIC to $POL token migration on Sept 4. $POL will be the new gas and staking token for Polygon PoS. MATIC holders on Ethereum, Polygon zkEVM, and CEXes need to migrate tokens; no action needed for Polygon PoS stakers. #Blockchain #CryptoNews
South Korea issues arrest warrant for Jon Bur Kim, aka “Coin King,” for allegedly embezzling $14.5M and manipulating altcoin prices. Accusations include bribery and creating a fake token, Podocoin. #CryptoFraud #Update
