Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Former SEC lawyer Marc Fagel clarifies that neither Ripple nor the U.S. SEC are seeking a settlement, awaiting the district court’s decision in the remedies phase. XRP price rallies 27% in a week, with RSI signaling a bullish cross. #Ripple #CryptoNews #Update
ApeCoin ($APE) launches the testnet for its layer-2 network, ApeChain, backed by @HorizenLabs and @Arbitrum. ApeChain aims to use APE tokens for gas and governance, with potential $7M annual revenue. #ApeChain #Update
Ripple donates $1M to the Commonwealth Unity Fund, aiming to unseat Sen. Warren and support John Deaton in the Senate race. James Murphy (@MetaLawMan) emphasizes the election’s importance for the crypto community. XRP price rallies 3% to $0.54 amid ETF speculation. #CryptoNews
Whale transactions for $XRP surged by 92% in 24 hours, indicating strong investor sentiment. Accumulation started on July 2 at $0.478. Exchange activity spikes suggest short-term profit seeking. Current price: $0.544, up 2.8%. #Update
ELFi Protocol is launching in July 2024, revolutionizing derivatives trading with a decentralized platform. A Super NFT campaign will distribute 200 NFTs to testnet participants, offering exclusive benefits. Raised $5M led by @IDGCapital & @kucoincom. #Update #DeFi #CryptoNews
The SEC has filed litigation against Consensys, claiming Terra Luna Classic ($LUNC), Polygon ($MATIC), The Sandbox ($SAND), Chiliz ($CHZ), and Decentraland ($MANA) are securities. The SEC says these tokens were marketed with profit promises and facilitated trading via MetaMask Swaps. #Update
Solana launches a $1M bug bounty to improve reliability, aiding projects like Galaxy Fox. The new Firedancer validator aims to handle 1M+ transactions/second, enhancing security. This benefits games using Ethereum’s stable platform for $GFOX token. #Update
Ripple celebrates the anniversary of Judge Torres’ ruling that $XRP is not a security, marking a pivotal moment for crypto regulation. Ripple’s legal battles with the SEC continue, sparking a 12.4% surge in $XRP’s price. #CryptoNews
$XLM surged 12%, showing strong market enthusiasm. Futures Open Interest jumped 47.24% to $42.01M, and derivatives volume spiked 229.81% to $184.91M. With XLM’s market cap at $2.98B and 24-hour trading volume up 120.04%, it could challenge its $1 resistance. #Update
TRON’s (@justinsuntron) Q3 and Q4 2024 plans focus on enhancing user experience, expanding market share, and boosting their talent pool. $TRX saw price gains, reflecting investor confidence. With a market cap of $12.1B and a price of $0.14, TRON’s strong performance underscores its blockchain influence. #CryptoNews
Ripple vs. SEC lawsuit nears conclusion. With key legal wins, Ripple’s $XRP sees a 17% price surge, reclaiming $0.50. Judge Torres’ pending judgment could set a precedent for U.S. crypto regulation. Total XRP futures open interest rises by 19% to $1.18B. #CryptoNews
Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty mark the first anniversary of Judge Torres’ ruling declaring $XRP not a security. This decision curbed SEC overreach and boosted $XRP’s market cap by 6% and trading volume by 46%. #CryptoNews
.@AbraGlobal acquires Tron ($TRX) and Zilliqa ($ZIL) trusts from Valkyrie Investments, expanding its crypto offerings. Abra will also return $82.1M in cryptocurrencies to U.S. customers following a regulatory settlement. #Update #CryptoNews
Trustee Plus eliminates fees for exchanging $USDT to $USDC and introduces USDC transfers on @solana. External USDC transfers now cost just 1 USDC, significantly lower than Ethereum’s $6.75 fee. CEO Vadim Grusha emphasizes affordability and accessibility. #CryptoNews
